$699,900
Kitchener
Times shown are local to the property.
805 Rockway Drive, Kitchener, Ontario, N2G3B6
This 4-bedroom, 2-bathroom home in Kitchener is for sale offering roughly 1,300 sq ft of space. Listed at $699,900, it is attractively priced about 6% below the $745,000 median asking price in Kitchener. It has been on the market 44 days, fresher than the Kitchener average of 54 days.
Amazing turnkey investment opportunity with this fully renovated legal duplex located in the desirable Rockway Gardens area of Kitchener.Whether you're an investor looking for a strong income property or a homeowner wanting a mortgage helper, this property offers flexibility,quality, & long-term value. The duplex features a 3-bedroom, 1-bathroom upper unit & a 1-bedroom + Den, 1-bathroom lower unit. Each unit hasseparate parking, separate utilities, its own storage locker, private laundry, & its own fully fenced backyard space with a deck, providing excellentprivacy for tenants. Completely gutted & renovated in 2022, this property was rebuilt with long-term durability in mind. No expense was sparedduring the renovation, & the home is topped with a steel roof for added peace of mind. The upper unit features luxury vinyl flooring throughout, amodern kitchen with granite countertops, a 4-piece bathroom, 3 bedrooms with a spacious primary bedroom with a large walk-in closet, & itsown laundry room. The lower unit also features luxury vinyl flooring throughout, a kitchen with granite countertops, a den with a built-in desk thatis ideal for a home office or study area, a bedroom, private laundry, & a 3-piece bathroom with heated floors. The furnace, hot water systems,water softeners, electrical panels, & utility equipment are conveniently located in a common utility room for easy access & maintenance.Outside, the property includes 3 surface parking spots, a 1-car garage, 2 private storage lockers, & separate fully fenced backyard spaces foreach unit, making it an attractive option for tenants. Located in the sought-after Rockway Gardens neighbourhood, this property is minutes fromRockway Golf Course, parks, schools, walking trails, Fairview Park Mall, grocery stores, restaurants, public transit, & the ION LRT. Commuters willappreciate the quick access to Highway 7/8 & Highway 401. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 44 days on market, against an average age of 54 days across the listings currently for sale in this city
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.
This 4-bed single family in Kitchener has been listed for 44 days, which is 10 days fresher than the city average of 54. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $699,900, about 11.2× the local median household income of $62,400.
Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 119% above the area median.
Source: Statistics Canada, 2021 Census (FSA N2G)
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Loading rates, 30-yr amortization
Cash Needed to Close
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.