$524,900

For sale

74 WHEAT Lane, Kitchener - Single Family for Sale

74 WHEAT Lane, Kitchener, Ontario, N2R0R6

3 beds2 baths1 parking$377/mo condo feeListed 40 days ago

Overview

This 3-bedroom, 2-bathroom condo in Kitchener is for sale. It has been on the market 40 days, fresher than the Kitchener average of 53 days.

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Description

Welcome to 74 Wheat Lane, Kitchener! This beautiful 1,135 Sqft ground-floor end unit offers 3 spacious bedrooms and 2 bathrooms in the highly sought-after Huron area. With no rear neighbors and a park within walking distance, this well-maintained bungalow offers a peaceful setting with exceptional convenience. The bright, open-concept layout is filled with natural light and features a spacious living room flowing seamlessly into the modern kitchen, complete with stainless steel appliances and a large adjoining breakfast flush quartz countertop, perfect for everyday living and entertaining. Three generously sized bedrooms provide comfortable space for family and guests. Enjoy the convenience of in-suite laundry, air conditioning, a water softener, and a tankless water heater for year-round comfort. Located in the friendly Huron Park neighborhood, this home is close to new public and Catholic schools, RBJ Schlegel Park, parks, trails, creeks, public transit, shopping, and everyday amenities. With easy access to Highways 7/8 and the 401, it is an excellent choice for families and commuters alike. Don’t miss the opportunity to make this charming home your own. Book your personal tour today! (id:66096)

Property Details

MLS®: 40866483
Property Type: Single Family
Zoning: RES-6 (257)
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Year Built: 2021
Storeys: 0
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Garage: Open
Condo Fee: $377/mo
Ownership: Condo/Strata
Property Tax: $3,595/yr
Listed: 40 days ago

Rooms

Main level

Utility room: 4'0'' x 4'11''
Storage: 4'0'' x 8'1''
Bedroom: 8'3'' x 11'1''
Bedroom: 11'0'' x 9'6''
4pc Bathroom: 4'11'' x 8'11''
3pc Ensuite bath: 16'6'' x 15'3''
Primary Bedroom: 5'0'' x 9'11''
Kitchen: 7'9'' x 14'6''
Living room: 13'0'' x 14'6''

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

Features

Appliances: Refrigerator, Water meter, Water softener, Dishwasher, Stove, Dryer, Window Coverings
Foundation: Poured Concrete
Exterior: Concrete, Vinyl siding, Brick Veneer
Lot Features: Conservation/green belt

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

Kitchener listings, avg age

53d

List price

$525K

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 40 days, which is 13 days fresher than the city average of 53. Act while there is still low competition.

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Listed by RE/MAX Real Estate Centre Inc. · BHUPINDER SINGH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2R)

This home lists at $524,900, about 4.5× the local median household income of $116,000.

Carrying it typically needs a household income of about $102,531 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $116,000
Population: 18,445
Median age: 32.8
Owner / renter: 80% / 20%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA N2R)

$524,900

For sale

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Full Cost Breakdown

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Down Payment5.24% · $27,490

Min 5.24%50%

Mortgage payment$2,758/mo

↳ CMHC premium ($19,896 capitalized)

Property tax (est.)$300/mo

Condo fee$377/mo

Total monthly$3,434

Cash Needed to Close

Down payment (5.24%)$27,490

Land transfer tax$6,973

Est. closing costs$4,075

Total cash needed$38,538

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