$679,999

For sale

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8 BONNYLYN Drive, Kitchener - Single Family for Sale

8 BONNYLYN Drive, Kitchener, Ontario, N2M1S6

4 beds2 baths6 parking ft²

90 Brookfield Crescent, Kitchener, Ontario, N2E0A7

3 bd2 ba2 pk1,300 ft²Lot size 18 × 98 ft (1,781 sq ft)

Listed by RE/MAX ICON REALTY

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$930K

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3 bd3 ba4 pk2,487 ft²

Listed by Re/Max Twin City Realty Inc.

58 HICKORY HEIGHTS Crescent, Kitchener, Ontario, N2N1H4

For saleJust listed

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$550K

58 HICKORY HEIGHTS Crescent, Kitchener, Ontario, N2N1H4

3 bd1 ba2 pk1,407 ft²

Listed by Right At Home Realty

For saleJust listed

Today

$550K

90 BROOKFIELD Crescent, Kitchener, Ontario, N2E0A7

3 bd2 ba2 pk1,310 ft²

Listed by Re/Max Icon Realty

Investment analysis

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$679,999

Kitchener

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Overview

This 4-bedroom, 2-bathroom home in Kitchener is for sale offering roughly 1,300 sq ft of space. Listed at $679,999, it is attractively priced about 9% below the $745,000 median asking price in Kitchener. It has been on the market 29 days, fresher than the Kitchener average of 54 days.

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Description

Bring your vision and discover the possibilities! Located in a great neighbourhood, this raised bungalow offers an exciting opportunity for buyers ready to take on a substantial renovation and create a home that reflects their own style and needs. The multi-level layout offers potential for an in-law suite or rental space, subject to applicable approvals and renovation requirements. Whether you’re looking to accommodate extended family, explore future rental income or transform the property into your own family home, there’s plenty to imagine here. (id:66096)

Property Details

MLS®: 40869778
Property Type: Single Family
Zoning: R2A
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 6
Interior Size: 1,300 ft²
Frontage: 50 ft
Year Built: 1988
Storeys: 1
Style: Raised bungalow
Basement: Finished, Full
Heating: Natural gas
Cooling: Central air conditioning
Garage: Attached Garage
Ownership: Freehold
Property Tax: $4,948.68/yr
Listed: 29 days ago

Rooms

Basement

3pc Bathroom: 6'4'' x 9'2''
Storage

Lower level

Bedroom: 14'8'' x 11'9''
Recreation room: 14'7'' x 21'0''
Laundry room

Main level

Living room: 18'4'' x 12'4''
Dining room: 11'2'' x 10'2''
Kitchen: 11'3'' x 8'9''
Bedroom: 11'11'' x 9'3''
Breakfast: 7'4'' x 13'7''
Bedroom: 11'11'' x 11'11''
4pc Bathroom: 7'2'' x 3''
Primary Bedroom: 14'0'' x 15'7''

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

Market Timing

Days on market

29d

Kitchener listings, avg age

54d

Price / ft²

$523

List price

$680K

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.

Area context

Neighbourhood profile (N2M)

This home lists at $679,999, about 9.5× the local median household income of $71,500.

Carrying it typically needs a household income of about $132,828 (20% down, 25-yr amortization, stress-tested) — roughly 86% above the area median.

Median household income: $71,500
Population: 36,494
Median age: 36.4
Owner / renter: 46% / 54%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N2M)

$679,999· $523/ft²

For sale

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Full Cost Breakdown

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Down Payment6.32% · $42,999.90

Min 6.32%50%

Mortgage payment$3,532/mo

↳ CMHC premium ($25,480 capitalized)

Property tax (est.)$412/mo

Total monthly$3,944

Cash Needed to Close

Down payment (6.32%)$43,000

Land transfer tax$10,075

Est. closing costs$4,540

Total cash needed$57,615

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

8 BONNYLYN Drive, Kitchener - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

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Market Timing

Location

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Neighbourhood profile (N2M)

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