$1,379,000
Kitchener
498 KARN Street, Kitchener, Ontario, N2M2C1
This 7-bedroom, 6-bathroom home in Kitchener is for sale offering roughly 3,985 sq ft of space. It has been on the market 30 days, fresher than the Kitchener average of 53 days.
Duplex PLUS an In-Law Suite! Own a large custom-built duplex plus a separate 2-bedroom in-law suite, offering nearly 4,000 sq. ft. of finished living space across three levels. Thoughtfully designed for multi-generational living, extended family, or investors looking for multiple income streams. The property features three distinct living spaces, including a 1,539 sq. ft. 3-bedroom unit and two 2-bedroom living spaces measuring approximately 1,162 sq. ft. and 1,284 sq. ft. The 1,284 sq. ft. lower-level in-law suite has its own separate side entrance and will be vacant on closing. All three units feature 9-ft ceilings, two full bathrooms, dedicated laundry, large windows, quartz countertops and backsplashes, and their own primary bedroom with ensuite bathroom and walk-in closet. Each unit is separately metered for gas, hydro and water, providing straightforward utility management. Quality construction and materials are evident throughout, including Safe'n'Sound acoustic insulation between units for improved sound separation. Large windows bring plenty of natural light into all levels, including the lower-level suite. All appliances are included. Outside, enjoy two large decks and parking for six vehicles. There is also no rented equipment to assume. Whether you're looking for a multi-generational home with rental income, a property with strong investment potential, or a turnkey multi-unit rental, this is a substantial, purpose-built property designed with functionality, privacy and long-term durability in mind. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 30 days on market, against an average age of 53 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 7-bed single family in Kitchener has been listed for 30 days, which is 23 days fresher than the city average of 53. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,379,000, about 19.3× the local median household income of $71,500.
Carrying it typically needs a household income of about $269,367 (20% down, 25-yr amortization, stress-tested) — roughly 277% above the area median.
Source: Statistics Canada, 2021 Census (FSA N2M)
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Loading rates, 30-yr amortization
Cash Needed to Close
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.