$509,900

For sale

439 ALICE Avenue, Kitchener - Single Family for Sale

439 ALICE Avenue, Kitchener, Ontario, N2M2A3

3 beds1 bath3 parking832 ft²5,271 sq ft (0.12 ac) lot sizeListed 15 days ago

Overview

This 3-bedroom, 1-bathroom home in Kitchener is for sale offering roughly 832 sq ft of space. Listed at $509,900, it is attractively priced about 32% below the $749,900 median asking price in Kitchener. It has been on the market 15 days, fresher than the Kitchener average of 53 days.

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Description

**ATTENTION first-time buyers, savvy renovators, and ambitious developers: this versatile property is packed with potential. **Featuring multi-unit development potential (ideal for 4–6 units or semi-detached homes), you can live in, rent out, or redevelop to maximize your return. **The current home needs TLC and is being sold as-is, offering a blank canvas for your vision with MAIN FLOOR BEDROOM AND BATHROOM. **Private financing is available for qualified buyers. **Unbeatable Location: Tucked into a quiet, family-oriented neighborhood, you are just steps from Timm Park, Gzowski Park, and the Victoria Hills Community Centre. **Enjoy quick access to Downtown Kitchener via Victoria St., or head down Highland Road for top-tier amenities, including major grocery stores, popular restaurants, and vibrant shopping centers. **Excellent proximity to both Grand River Hospital (KW) and St. Mary’s (WRHN). **Don’t miss this rare entry-level opportunity into Kitchener's growing market—bring your ideas and unlock this property's full potential! (id:66096)

Property Details

MLS®: 40871342
Property Type: Single Family
Zoning: RES-4
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 832 ft²
Lot Size: 5,271 sq ft (0.12 ac)
Frontage: 55 ft
Year Built: 1943
Storeys: 1
Style: Cape Cod
Basement: Unfinished, Full
Heating: Electric
Cooling: None
Ownership: Freehold
Property Tax

Rooms

Main level

3pc Bathroom: 8'9'' x 8'1''
Dining room: 11'2'' x 9'0''
Kitchen: 11'8'' x 13'10''
Living room: 11'2'' x 13'11''
Primary Bedroom: 7'11'' x 10'4''

Second level

Bedroom: 15'0'' x 11'10''
Bedroom: 7'11'' x 10'6''

Basement

Storage: 11'0'' x 13'1''
Storage: 21'10'' x 21'3''
Utility room

Features

Foundation: Poured Concrete
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Kitchener listings, avg age

53d

Price / ft²

$613

List price

$510K

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 3-bed single family in Kitchener has been listed for 15 days, which is 38 days fresher than the city average of 53. Act while there is still low competition.

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Listed by Re/Max Real Estate Centre Inc. · Irfan Gillani

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2M)

This home lists at $509,900, about 7.1× the local median household income of $71,500.

Carrying it typically needs a household income of about $99,601 (20% down, 25-yr amortization, stress-tested) — roughly 39% 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)

$509,900· $613/ft²

For sale

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Full Cost Breakdown

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Down Payment5.10% · $25,990

Min 5.10%50%

Mortgage payment$2,683/mo

↳ CMHC premium ($19,356 capitalized)

Property tax (est.)$247/mo

Total monthly$2,930

Cash Needed to Close

Down payment (5.10%)$25,990

Land transfer tax$6,673

Est. closing costs$4,030

Total cash needed$36,693

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