90 Brookfield Crescent, Kitchener, Ontario, N2E0A7

For saleJust listed

Today

$550K

90 Brookfield Crescent, Kitchener, Ontario, N2E0A7

3 bd2 ba2 pk1,300 ft²Lot size 18 × 98 ft (1,781 sq ft)

Listed by RE/MAX ICON REALTY

90 AUTUMN RIDGE Trail, Kitchener, Ontario, N2P2K1

For saleJust listed

Today

$930K

90 AUTUMN RIDGE Trail, Kitchener, Ontario, N2P2K1

3 bd3 ba4 pk2,487 ft²

Listed by Re/Max Twin City Realty Inc.

58 HICKORY HEIGHTS Crescent, Kitchener, Ontario, N2N1H4

For saleJust listed

Today

$550K

58 HICKORY HEIGHTS Crescent, Kitchener, Ontario, N2N1H4

3 bd1 ba2 pk1,407 ft²

Listed by Right At Home Realty

For saleJust listed

Today

$550K

90 BROOKFIELD Crescent, Kitchener, Ontario, N2E0A7

3 bd2 ba2 pk1,310 ft²

Listed by Re/Max Icon Realty

Investment analysis

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$629,900

Kitchener

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$629,900

For sale

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25 MEINZINGER Avenue, Kitchener - Single Family for Sale

25 MEINZINGER Avenue, Kitchener, Ontario, N2M3T3

4 beds2 baths3 parking1,551 ft²Listed 34 days ago

Overview

This 4-bedroom, 2-bathroom home in Kitchener is for sale offering roughly 1,551 sq ft of space. Listed at $629,900, it is attractively priced about 15% below the $745,000 median asking price in Kitchener. It has been on the market 34 days, fresher than the Kitchener average of 54 days.

Houses for Sale in Kitchener →All real estate in Kitchener →

Description

Investors and house hackers, take note! 25 Meinzinger Ave. is an updated duplex on a generous 51 x 131 ft lot, with the cities new flexible zoning (SGA-1) in Kitchener's established Southdale neighbourhood. Featuring two self-contained, income-ready suites, that previous generated almost $50,000.00 in gross annual rent, that provide the flexibility to live in one while the other pays down your mortgage, plus a separate entrance to the basement, offering potential for a future third suite and added income! Each suite features their own private entry, 2 bedrooms, a full bathroom, and separate living and dining areas, all finished with carpet-free flooring, a modern kitchen with generous cabinetry, and an updated bathroom. Dedicated parking for each unit, on-site laundry, and an expansive shared backyard round out a setup designed for easy management and long term tenant appeal. Minutes to Highway 8, local transit, Zehrs, Queen Elizabeth Public School, and neighbourhood parks, this is a turn-key, centrally located multi-family asset with strong fundamentals and real upside. (id:66096)

Property Details

MLS®: 40868224
Property Type: Single Family
Zoning: SGA-1
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,551 ft²
Frontage: 51 ft
Year Built: 1958
Storeys: 1
Style: Other
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: None
Ownership: Freehold
Property Tax: $4,471.07/yr
Listed

Rooms

Basement

Storage: 11'0'' x 32'1''
Storage: 12'8'' x 10'3''
Laundry room: 12'8'' x 6'5''
Utility room: 12'8'' x 14'9''

Second level

4pc Bathroom: 7'7'' x 5'2''
Bedroom: 9'5'' x 14'9''
Other: 7'7'' x 17'0''
Bedroom: 13'2'' x 14'8''
Kitchen: 12'8'' x 9'3''

Main level

Bedroom

Features

Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Paved driveway

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Kitchener listings, avg age

54d

Price / ft²

$406

List price

$630K

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.

Haho

This 4-bed single family in Kitchener has been listed for 34 days, which is 20 days fresher than the city average of 54. Act while there is still low competition.

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Listed by ROYAL LEPAGE CROWN REALTY SERVICES INC. · DUSTIN FORRESTER

Location

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Nearby Places

Area context

Neighbourhood profile (N2M)

This home lists at $629,900, about 8.8× the local median household income of $71,500.

Carrying it typically needs a household income of about $123,042 (20% down, 25-yr amortization, stress-tested) — roughly 72% above the area median.

Median household income: $71,500
Population: 36,494
Median age: 36.4
Owner / renter: 46% / 54%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N2M)

$629,900· $406/ft²

For sale

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Full Cost Breakdown

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Down Payment6.03% · $37,990

Min 6.03%50%

Mortgage payment$3,282/mo

↳ CMHC premium ($23,676 capitalized)

Property tax (est.)$373/mo

Total monthly$3,654

Cash Needed to Close

Down payment (6.03%)$37,990

Land transfer tax$9,073

Est. closing costs$4,390

Total cash needed$51,453

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