$749,900

For saleJust listed

6 HILLSIDE Drive, Kitchener - Multi-family for Sale

6 HILLSIDE Drive, Kitchener, Ontario, N2E1R2

4 beds3 baths5 parking1,575 ft²Listed 5 days ago

Overview

This multi-family property in Kitchener is for sale offering roughly 1,575 sq ft of space. It has been on the market 5 days, fresher than the Kitchener average of 53 days.

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Description

Welcome home to 6 Hillside Drive! This Legal Duplex in Kitchener sits on a 55 x 100 ft corner lot and has been extensively renovated from the studs. The main unit offers 3 bedrooms and 2 bathrooms, while the lower unit has 1 bedroom, 1 bathroom and a separate entrance. In the main unit, a cathedral ceiling gives the living room an open feel, and a short flight of stairs leads to the bedrooms. Each unit has a new kitchen, new appliances and private laundry. Custom lighting, new flooring and trim complement the new windows and doors. The renovation also included new framing and drywall, structural reinforcement, new plumbing and electrical wiring, new electrical panels and a meter base. The furnace and HVAC system are new, and the gas service has been updated. Outside, the freshly painted exterior, new concrete sidewalk and fresh sod give the home a welcoming first impression. The extended asphalt driveway has room for up to 5 vehicles. Whether you’re looking to live in one unit and rent the other or bring generations together under one roof, this extensively updated property offers a range of possibilities. Discover what 6 Hillside Drive has to offer. Book your private showing today! (id:66096)

Property Details

MLS®: 40875246
Property Type: Multi-family
Zoning: Res-3
Bedrooms: 4
Bathrooms: 3
Parking: 5
Interior Size: 1,575 ft²
Frontage: 51 ft
Units: 2
Year Built: 1974
Storeys: 1
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Ownership: Freehold
Property Tax: $3,683.72/yr
Listed: 5 days ago

Features

Foundation: Poured Concrete
Exterior: Vinyl siding, Brick Veneer

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

$476

List price

$750K

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 multi-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 Re/Max Twin City Realty Inc. · John Doci-Buia

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2E)

This home lists at $749,900, about 8.1× the local median household income of $93,000.

Carrying it typically needs a household income of about $146,482 (20% down, 25-yr amortization, stress-tested) — roughly 58% above the area median.

Median household income: $93,000
Population: 40,428
Median age: 36.4
Owner / renter: 66% / 34%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA N2E)

$749,900· $476/ft²

For sale

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Full Cost Breakdown

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Down Payment6.67% · $49,990.00

Min 6.67%50%

Mortgage payment$3,880/mo

↳ CMHC premium ($27,996 capitalized)

Property tax (est.)$307/mo

Total monthly$4,187

Cash Needed to Close

Down payment (6.67%)$49,990

Land transfer tax$11,473

Est. closing costs$4,750

Total cash needed$66,213

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