$1,249,000

For sale

795 Robert Ferrie Drive, Kitchener - Single Family for Sale

795 Robert Ferrie Drive, Kitchener, Ontario, N2R0B9

7 beds6 baths4 parking3,250 ft²43 × 131 ft (5,633 sq ft) lot sizeListed 40 days ago

Overview

This 7-bedroom, 6-bathroom home in Kitchener is for sale offering roughly 3,250 sq ft of space. It has been on the market 40 days, fresher than the Kitchener average of 53 days.

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Description

This rare investment opportunity offers exceptional value and versatility! Situated just minutes from Conestoga College, major amenities, and Highway 401, this stunning duplex features approximately 5,000 sq. ft. of total living space, including a beautifully finished basement apartment. Designed with comfort and functionality in mind, the main home showcases a spacious and well-appointed layout with 7 bedrooms and 6 bathrooms in total. The elegant main floor includes a gourmet chef's kitchen with stylish backsplash, bright living and dining areas, two inviting family rooms, and a private office - ideal for working from home. Upstairs, enjoy an additional family room perfect for relaxing or entertaining. The finished basement offers a fully self-contained unit with a separate entrance, making it ideal for extended family or rental income potential. This lower-level suite features 3 bedrooms, 2 full bathrooms, a modern kitchen, a cozy sitting area, and its own dedicated laundry space. An incredible opportunity for investors or large families seeking space, convenience, and income potential in a prime location! (id:66096)

Property Details

MLS®: X13829994
Property Type: Single Family
Bedrooms: 7
Beds (above / below): 4 above · 3 below
Bathrooms: 6
Half Baths: 1
Parking: 4
Interior Size: 3,250 ft²
Lot Size: 43 × 131 ft (5,633 sq ft)
Frontage: 43 ft
Storeys: 2
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold

Rooms

Second level

Primary Bedroom: 3.98 x 4.66 meters
Bedroom 2: 3.44 x 4.1 meters
Bedroom 3: 3.48 x 4.43 meters
Bedroom 4: 3.9 x 5.38 meters

Basement

Bedroom 5: 3.44 x 4.1 meters
Bedroom: 3.48 x 4.43 meters
Bedroom

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

Features

Appliances: Central Vacuum, Dishwasher, Dryer, Two stoves, Two Washers, Two Refrigerators
Flooring: Hardwood, Vinyl
Foundation: Unknown
Exterior: Stone, Stucco
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

Kitchener listings, avg age

53d

Price / ft²

$384

List price

$1.25M

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 7-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 HOMELIFE/MIRACLE REALTY LTD · KAMAN GILL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2R)

This home lists at $1,249,000, about 10.8× the local median household income of $116,000.

Carrying it typically needs a household income of about $243,973 (20% down, 25-yr amortization, stress-tested) — roughly 110% above 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)

$1,249,000· $384/ft²

For sale

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Full Cost Breakdown

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Down Payment8.00% · $99,900

Min 8.00%50%

Mortgage payment$6,371/mo

↳ CMHC premium ($45,964 capitalized)

Property tax (est.)$778/mo

Total monthly$7,149

Cash Needed to Close

Down payment (8.00%)$99,900

Land transfer tax$21,455

Est. closing costs$6,247

Total cash needed$127,602

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