$600,000

For saleJust listed

51 HAMEL Avenue, Kitchener - Single Family for Sale

51 HAMEL Avenue, Kitchener, Ontario, N2K1M7

4 beds3 baths7 parking2,360 ft²Listed 5 days ago

Overview

This 4-bedroom, 3-bathroom home in Kitchener is for sale offering roughly 2,360 sq ft of space. Listed at $600,000, it is attractively priced about 20% below the $749,900 median asking price in Kitchener. It has been on the market 5 days, fresher than the Kitchener average of 53 days.

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Description

This detached home offers a versatile layout with 3 bedrooms and 2.5 bathrooms, providing flexibility for families, multi-generational living, or buyers seeking additional income potential. A notable feature is the rear addition, redone in 2019, which includes a spacious primary bedroom, walk-in closet, and private 3-piece ensuite bathroom. Currently configured as two separate living spaces and rented to two tenants, the property offers an opportunity for buyers looking to explore its existing rental arrangement or consider its potential for future personal use. The combination of a detached home, additional living space, and a private primary suite creates a range of possibilities to suit changing lifestyle needs. Whether you're looking for a home with room to grow, a flexible living arrangement, or an investment opportunity (id:66096)

Property Details

MLS®: 40872997
Property Type: Single Family
Zoning: RES 2
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 7
Interior Size: 2,360 ft²
Frontage: 50 ft
Year Built: 1949
Storeys: 1
Style: Other
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Carport
Ownership

Rooms

Basement

Laundry room: 11'1'' x 16'4''
Recreation room: 14'10'' x 13'11''

Main level

Sunroom: 9'6'' x 11'2''
Family room: 11'4'' x 14'7''
3pc Bathroom: 5'11'' x 8'3''
Primary Bedroom: 12'1'' x 13'5''
Living room: 13'4'' x 16'8''
Dining room: 3'3'' x 8'5''
Kitchen: 11'6'' x 12'7''
4pc Bathroom: 6'4'' x 7'10''

Features

Appliances: Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer
Foundation: Block
Exterior: Vinyl siding
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

$254

List price

$600K

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 4-bed single family in Kitchener has been listed for 5 days, which is 48 days fresher than the city average of 53. Act while there is still low competition.

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Listed by Keller Williams Innovation Realty · MILA KOLOVIC

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2K)

This home lists at $600,000, about 5.0× the local median household income of $120,000.

Carrying it typically needs a household income of about $117,201 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $120,000
Population: 29,381
Median age: 40.4
Owner / renter: 82% / 18%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA N2K)

$600,000· $254/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $35,000

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,600 capitalized)

Property tax (est.)$333/mo

Total monthly$3,465

Cash Needed to Close

Down payment (5.83%)$35,000

Land transfer tax$8,475

Est. closing costs$4,300

Total cash needed$47,775

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