$575,000

For sale

468 HIGHLAND Road East, Kitchener - Single Family for Sale

468 HIGHLAND Road East, Kitchener, Ontario, N2M3W7

3 beds2 baths4 parking1,582 ft²Listed 22 days ago

Overview

This 3-bedroom, 2-bathroom home in Kitchener is for sale offering roughly 1,582 sq ft of space. Listed at $575,000, it is attractively priced about 23% below the $749,900 median asking price in Kitchener. It has been on the market 22 days, fresher than the Kitchener average of 53 days.

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Description

Welcome to 468 Highland Road East, Kitchener, a beautifully updated brick bungalow with a fully finished in-law suite, perfect for the first-time buyer looking to offset their mortgage from day one. Upstairs you'll find two well sized bedrooms, one with a walkout to the backyard, an updated kitchen with tiled backsplash, a large bright living room and a fully updated main bath. While the lower level offers a self-contained space with its own entrance, a third bedroom, heated bathroom floors, and a separate laundry. This isn't a project, it's a move-in ready home with potential income built in. Outside, a double-wide driveway gives you plenty of parking, a fully fenced yard for privacy, a poured concrete pad with shed for extra storage, and the oversized backyard has room to breathe, play, or build. Located minutes from Highway 7 and close to downtown Kitchener, transit, and everyday amenities. (id:66096)

Property Details

MLS®: 40870785
Property Type: Single Family
Zoning: Res 5
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 4
Interior Size: 1,582 ft²
Frontage: 40 ft
Year Built: 1957
Storeys: 1
Style: Bungalow
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Ownership: Freehold
Property Tax: $3,065/yr
Listed

Rooms

Basement

3pc Bathroom: 8'2'' x 6'7''
Bedroom: 12'1'' x 9'0''
Kitchen: 15'1'' x 9'5''
Family room: 18'7'' x 13'10''

Main level

5pc Bathroom: 6'7'' x 8'1''
Bedroom: 11'9'' x 11'7''
Bedroom: 9'0'' x 11'7''
Kitchen: 8'11'' x 11'11''
Dining room: 5'3'' x 12'0''
Living room: 10'3'' x 12'0''

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

Features

Appliances: Water softener
Foundation: Poured Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Kitchener listings, avg age

53d

Price / ft²

$363

List price

$575K

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 22 days, which is 31 days fresher than the city average of 53. Act while there is still low competition.

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Listed by SHAW REALTY GROUP INC. · Tyler Palubiski

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2M)

This home lists at $575,000, about 8.0× the local median household income of $71,500.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 57% 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)

$575,000· $363/ft²

For sale

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Full Cost Breakdown

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Down Payment5.65% · $32,500

Min 5.65%50%

Mortgage payment$3,008/mo

↳ CMHC premium ($21,700 capitalized)

Property tax (est.)$255/mo

Total monthly$3,263

Cash Needed to Close

Down payment (5.65%)$32,500

Land transfer tax$7,975

Est. closing costs$4,225

Total cash needed$44,700

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