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$675,000
Kitchener
450 HIGHLAND Road East, Kitchener, Ontario, N2M3W7
This 4-bedroom, 2-bathroom home in Kitchener is for sale offering roughly 1,554 sq ft of space. Listed at $675,000, it is attractively priced about 9% below the $745,000 median asking price in Kitchener. It has been on the market 30 days, fresher than the Kitchener average of 54 days.
Exceptional opportunity to own a beautifully updated legal duplex raised bungalow in a peaceful, desirable neighbourhood. Flexible multi-unit living with the ability to reside in one unit and rent the other, or use both as income-producing rental or Airbnb accommodations. This impressive property features two fully self-contained units, each offering its own private entrance, kitchen, bathroom, and separate hydro meter for excellent flexibility and privacy. The upper unit was completely renovated in 2020 and featurs a bright open-concept layout, updated kitchen with modern appliances, spacious bedrooms, and a beautifully refreshed bathroom. The lower unit, professionally added in 2021, offers a thoughtfully designed two-bedroom suite complete with a stylish kitchen, modern bathroom, and generous storage including two sheds, added in 2023 and 2023, for additional storage for tenants. This turnkey property offers exceptional versatility and strong income potential. Conveniently located close to public transit, major highways, shopping, and 10 minutes to Wilfrid Laurier and Waterloo Universities. As an added bonus, 2 sets of appliances, 2 sheds, and all furniture from the lower unit are included, and upper-level furniture can be negotiated as part of an offer, making this an outstanding move-in-ready investment opportunity. Legal duplexes of this quality and condition rarely come available. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 30 days on market, against an average age of 54 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 4-bed single family in Kitchener has been listed for 30 days, which is 24 days fresher than the city average of 54. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $675,000, about 9.4× the local median household income of $71,500.
Carrying it typically needs a household income of about $131,851 (20% down, 25-yr amortization, stress-tested) — roughly 84% above the area median.
Source: Statistics Canada, 2021 Census (FSA N2M)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.