$509,900

For sale

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439 ALICE Avenue, Kitchener - Vacant Land for Sale

439 ALICE Avenue, Kitchener, Ontario, N2M2A3

5,271 sq ft (0.12 ac) lotListed 14 days ago

Overview

This lot in Kitchener is for sale. It has been on the market 14 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®: 40871401
Property Type: Vacant Land
Zoning: RES-4
Lot Size: 5,271 sq ft (0.12 ac)
Frontage: 55 ft
Basement: None
Ownership: Freehold
Property Tax: $2,966.66/yr
Listed: 14 days ago

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Kitchener listings, avg age

53d

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 vacant land in Kitchener has been listed for 14 days, which is 39 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

For sale

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Financing

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