$1,499,000

For sale

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443 Courtland Avenue East, Kitchener - Multi-family for Sale

443 Courtland Avenue East, Kitchener, Ontario, N2G2W5

4 beds3 baths parking

46 Traynor Avenue, Kitchener, Ontario, N2C1V9

5 bd4 ba5 pk900 ft²Lot size 55 × 110 ft (6,033 sq ft)

Listed by CENTURY 21 MILLENNIUM INC.

376 South VICTORIA Street South, Kitchener, Ontario, N2M3A5

For saleJust listed

2 days ago

$819K

376 South VICTORIA Street South, Kitchener, Ontario, N2M3A5

4 bd3 ba6 pk2,400 ft²

Listed by RE/MAX Twin City Realty Inc.

55 ISAIAH Drive, Kitchener, Ontario, N2E0B2

For saleJust listed

4 days ago

$990K

55 ISAIAH Drive, Kitchener, Ontario, N2E0B2

4 bd4 ba4 pk3,563 ft²

Listed by RE/MAX Real Estate Centre Inc.

6 HILLSIDE Drive, Kitchener, Ontario, N2E1R2

For saleJust listed

5 days ago

$750K

6 HILLSIDE Drive, Kitchener, Ontario, N2E1R2

4 bd3 ba5 pk1,575 ft²

Listed by Re/Max Twin City Realty Inc.

Investment analysis

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$1,499,000

Kitchener

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Description

Location.. Location.. Location.. A+++ An exceptional opportunity***Featuring existing Triplex and future potential development to build additional duplex or triplex or detached accessory dwelling unit or lot severance, possible additional residential units or redevelopment to achieve the highest and best use - All development concepts are subject to confirmation of current zoning, site suitability, servicing requirements and municipal approvals. This property boast a location that is becoming a trend near new developments, The LRT train connecting all students from 2 major universities and a college, Shopping and Recreational opportunities along with access to Highway 7/8 and connections to Highway 401**Whether your vision to occupy one unit, hold a multi-unit property, or investigate future developments, this property offers a compelling opportunity to plan for the years ahead.Bring your ideas and explore the possibilities... (id:66096)

Market Timing

Days on market

19d

Kitchener listings, avg age

53d

Price / ft²

$857

List price

$1.50M

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.

Area context

Neighbourhood profile (N2G)

This home lists at $1,499,000, about 24.0× the local median household income of $62,400.

Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 369% above the area median.

Median household income: $62,400
Population: 14,580
Median age: 38
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA N2G)

$1,499,000· $857/ft²

For sale

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Full Cost Breakdown

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Down Payment8.33% · $124,900.00

Min 8.33%50%

Mortgage payment$7,618/mo

↳ CMHC premium ($54,964 capitalized)

Property tax (est.)$368/mo

Total monthly$7,986

Cash Needed to Close

Down payment (8.33%)$124,900

Land transfer tax$26,455

Est. closing costs$6,997

Total cash needed$158,352

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

443 Courtland Avenue East, Kitchener - Multi-family for Sale

Rental cashflow calculator

Description

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Neighbourhood profile (N2G)

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