$399,000

For sale

465 KARN Street, Kitchener - Single Family for Sale

465 KARN Street, Kitchener, Ontario, N2M2C4

1 bed2 baths8 parking829 ft²Listed 9 days ago

Overview

This 1-bedroom, 2-bathroom home in Kitchener is for sale offering roughly 829 sq ft of space. It has been on the market 9 days, fresher than the Kitchener average of 53 days.

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Description

Welcome to 465 Karn Street in Kitchener. This charming ranch-themed bungalow sits back from the road and offers the perfect blend of cottage living and city convenience. With parking for up to eight cars, the main level features one bedroom plus den, a 3-piece bath, a spacious family room with a cozy gas fireplace that provides plenty of heat in the winter, a galley kitchen, and a separate dining area overlooking the expansive front yard. The finished basement offers a rec room (or potentially a second bedroom) with a second gas fireplace, a 4-piece bath, a laundry area, and a bonus space that can serve as a home office or craft room. Outside, you'll appreciate the covered front porch and beautifully manicured front yard, plus a private backyard oasis with two separate patio areas, multiple storage sheds, and a bunkie/playhouse. This property is a true gem for anyone looking for a private retreat in the city! (id:66096)

Property Details

MLS®: 40873924
Property Type: Single Family
Zoning: R2A
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 2
Parking: 8
Interior Size: 829 ft²
Frontage: 62 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Partial
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Fireplace: Yes
Ownership: Freehold
Property Tax: $3,290.03/yr
Listed

Rooms

Basement

4pc Bathroom: 4'11'' x 8'5''
Bonus Room: 8'6'' x 6'6''
Recreation room: 16'11'' x 14'3''

Main level

3pc Bathroom: 5'11'' x 3'4''
Primary Bedroom: 9'4'' x 13'2''
Dining room: 9'9'' x 15'6''
Kitchen: 4'9'' x 10'0''
Family room: 12'10'' x 17'6''

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Hood Fan, Window Coverings
Foundation: Poured Concrete
Exterior: Wood
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

Kitchener listings, avg age

53d

Price / ft²

$481

List price

$399K

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 1-bed single family in Kitchener has been listed for 9 days, which is 44 days fresher than the city average of 53. Act while there is still low competition.

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Listed by Royal LePage Wolle Realty · MARCIA GROVE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2M)

This home lists at $399,000, about 5.6× the local median household income of $71,500.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — roughly 9% 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)

$399,000· $481/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$274/mo

Total monthly$2,376

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$4,460

Est. closing costs$3,697

Total cash needed$28,107

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