$715,000

$724,900For salePrice drop↓ $9,900 (1%)

87 BOND Street, Kitchener - Multi-family for Sale

87 BOND Street, Kitchener, Ontario, N2H4S4

4 beds2 baths3 parking1,975 ft²Listed 27 days ago

Overview

This multi-family property in Kitchener is for sale offering roughly 1,975 sq ft of space. It has been on the market 27 days, fresher than the Kitchener average of 53 days.

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Description

LEGAL DUPLEX! YOUR MORTGAGE HELPER JUST HIT THE MARKET! Welcome to 87 Bond St! This turnkey property has been recently updated with modern finishes and is ideally located near Breithaupt Park. Starting up top - The main floor unit features 2 generous sized bedrooms and a grandiose spa-like bathroom, the perfect retreat after a long day. Enjoy meals in the beautifully updated eat-in kitchen, equipped with quartz countertops, updated cabinetry (2023) and stainless steel appliances, including a gas range. After dinner, relax outside under the gazebo in the private backyard. Heading downstairs - The lower level unit mirrors the main floor unit with 2-bedrooms, 1-bathroom and a large eat-in kitchen. Modernly finished with its own in-suite laundry, stainless steel appliances and separate hydro meter. This fantastic unit is vacant and was completed new in 2020! Tons of major updates done to this property including the furnace with humidifier (new in 2020/2021 respectively), tankless water heater and water softener (owned and new in 2019) and Leaf Filter system (2021). All thats left to do, is move in! (id:66096)

Property Details

MLS®: 40868749
Property Type: Multi-family
Zoning: RES-4
Bedrooms: 4
Bathrooms: 2
Parking: 3
Interior Size: 1,975 ft²
Frontage: 50 ft
Units: 2
Storeys: 1
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Ownership: Freehold
Property Tax: $5,047.53/yr
Listed: 27 days ago

Features

Appliances: Water softener, Microwave, Window Coverings, Microwave Built-in
Foundation: Poured Concrete
Exterior: Brick
Lot Features: Paved driveway

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Kitchener listings, avg age

53d

Price / ft²

$362

List price

$715K

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 27 days, which is 26 days fresher than the city average of 53. Act while there is still low competition.

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Listed by Royal Lepage Wolle Realty · Nancy Araujo

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2H)

This home lists at $715,000, about 9.7× the local median household income of $73,500.

Carrying it typically needs a household income of about $139,665 (20% down, 25-yr amortization, stress-tested) — roughly 90% above the area median.

Median household income: $73,500
Population: 22,456
Median age: 38.4
Owner / renter: 49% / 51%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA N2H)

$715,000· $362/ft²

For sale

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Full Cost Breakdown

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Down Payment6.50% · $46,500

Min 6.50%50%

Mortgage payment$3,706/mo

↳ CMHC premium ($26,740 capitalized)

Property tax (est.)$421/mo

Total monthly$4,127

Cash Needed to Close

Down payment (6.50%)$46,500

Land transfer tax$10,775

Est. closing costs$4,645

Total cash needed$61,920

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