$529,900
Kitchener
18 Falesy Avenue, Kitchener, Ontario, N2A1N8
This 2-bedroom, 2-bathroom home in Kitchener is for sale offering roughly 900 sq ft of space. Listed at $529,900, it is attractively priced about 29% below the $749,900 median asking price in Kitchener. It has been on the market 9 days, fresher than the Kitchener average of 53 days.
Attention Investors, Contractors, Flippers & First-Time Home Buyers! Welcome to 18 Falesy Ave, a detached bungalow situated in a desirable and established Kitchener neighbourhood. Offering plenty of potential and an opportunity to add value, this property is ready for your vision and personal touch. The main floor features 2 comfortable bedrooms and a full 4-piece bathroom. The basement provides additional usable space with a family room with fireplace and a large recreation room and convenient 2-piece bathroom, offering flexibility for a variety of future uses. Whether you're looking to renovate and flip, explore a multi-unit conversion, or create your ideal starter home, this property presents an exciting opportunity. Take advantage of Kitchener's updated zoning regulations, which may permit up to 4 residential units on a qualifying lot. Subject to applicable requirements and municipal approvals, buyers may wish to explore possibilities such as a fourplex conversion or an additional residential unit in the backyard. Offered "AS-IS", the property requires some TLC but offers significant potential for the right buyer. Conveniently located near amenities and commuter routes, this could be an excellent opportunity for homeowners and investors alike. Buyer Due Diligence: Buyers are responsible for conducting their own due diligence and confirming all zoning, multi-unit development and permit possibilities directly with the City of Kitchener. The Seller and Listing Brokerage make no representations or warranties, expressed or implied, regarding the feasibility, zoning, or approval of any development or conversion of the property. Don't miss this opportunity to unlock the potential of 18 Falesy Ave. Schedule your private showing today! (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 9 days on market, against an average age of 53 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 2-bed single family in Kitchener has been listed for 9 days, which is 44 days fresher than the city average of 53. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $529,900, about 5.5× the local median household income of $96,000.
Carrying it typically needs a household income of about $103,508 (20% down, 25-yr amortization, stress-tested) — roughly 8% above the area median.
Source: Statistics Canada, 2021 Census (FSA N2A)
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