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$525,000
Kitchener
87 LANCASTER Street West, Kitchener, Ontario, N2H4T3
This 3-bedroom, 3-bathroom home in Kitchener is for sale offering roughly 2,100 sq ft of space. Listed at $525,000, it is attractively priced about 30% below the $745,000 median asking price in Kitchener.
Desirable East Ward property in a prime location. Perfect for first time buyer to live in one and rent another unit. It is a Legal duplex with extra in-law set up too. As well entry level for investors or adding to existing portfolio. Mail level 2x1 bedroom units. Once unit with access to backyard. Upper lever another nice one bedroom with spacious deck and patio. Main level unit recently renovated and vacant. All unit self contained. Could be used back as single detached residential. Most value here goes to larger lot. Developer, builder opportunity to build multiple units here. With next door for sale (93 Lancaster) it makes a great development project (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 52 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 3-bed single family in Kitchener has been listed for 52 days, which is 2 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 $525,000, about 7.1× the local median household income of $73,500.
Carrying it typically needs a household income of about $102,551 (20% down, 25-yr amortization, stress-tested) — roughly 40% above the area median.
Source: Statistics Canada, 2021 Census (FSA N2H)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice