$719,000

$739,000For salePrice drop↓ $20,000 (3%)

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91 JACKSON Avenue, Kitchener - Multi-family for Sale

91 JACKSON Avenue, Kitchener, Ontario, N2H3P2

5 beds3 baths parking

46 Traynor Avenue, Kitchener, Ontario, N2C1V9

5 bd4 ba5 pk900 ft²Lot size 55 × 110 ft (6,033 sq ft)

Listed by CENTURY 21 MILLENNIUM INC.

376 South VICTORIA Street South, Kitchener, Ontario, N2M3A5

For saleJust listed

2 days ago

$819K

376 South VICTORIA Street South, Kitchener, Ontario, N2M3A5

4 bd3 ba6 pk2,400 ft²

Listed by RE/MAX Twin City Realty Inc.

55 ISAIAH Drive, Kitchener, Ontario, N2E0B2

For saleJust listed

4 days ago

$990K

55 ISAIAH Drive, Kitchener, Ontario, N2E0B2

4 bd4 ba4 pk3,563 ft²

Listed by RE/MAX Real Estate Centre Inc.

6 HILLSIDE Drive, Kitchener, Ontario, N2E1R2

For saleJust listed

5 days ago

$750K

6 HILLSIDE Drive, Kitchener, Ontario, N2E1R2

4 bd3 ba5 pk1,575 ft²

Listed by Re/Max Twin City Realty Inc.

Investment analysis

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$719,000

Kitchener

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Overview

This multi-family property in Kitchener is for sale offering roughly 2,274 sq ft of space. It has been on the market 19 days, fresher than the Kitchener average of 53 days.

Multi-Family Properties for Sale in Kitchener →All real estate in Kitchener →

Description

Renovated legal duplex on a large lot in a central Kitchener location! 91 Jackson Ave features a spacious 4-bedroom, 2-bathroom upper unit and a 1-bedroom, 1-bathroom lower unit, each with its own in-suite laundry. Both units show beautifully with updated finishes throughout. Parking for four vehicles adds everyday convenience, while the generous lot offers plenty of outdoor space or future development potential. A great opportunity for multi-generational families, investors or buyers looking to live in one unit and generate rental income from the other. (id:66096)

Property Details

MLS®: 40871928
Property Type: Multi-family
Zoning: res-4
Bedrooms: 5
Bathrooms: 3
Parking: 4
Interior Size: 2,274 ft²
Frontage: 50 ft
Units: 2
Storeys: 2
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Ownership: Freehold
Property Tax: $5,160/yr
Listed: 19 days ago

Features

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

19d

Kitchener listings, avg age

53d

Price / ft²

$316

List price

$719K

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 5-bed multi-family in Kitchener has been listed for 19 days, which is 34 days fresher than the city average of 53. Act while there is still low competition.

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Listed by Flux Realty · MATT PHIPPS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2H)

This home lists at $719,000, about 9.8× the local median household income of $73,500.

Carrying it typically needs a household income of about $140,446 (20% down, 25-yr amortization, stress-tested) — roughly 91% 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)

$719,000· $316/ft²

For sale

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Full Cost Breakdown

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Down Payment6.52% · $46,900.00

Min 6.52%50%

Mortgage payment$3,726/mo

↳ CMHC premium ($26,884 capitalized)

Property tax (est.)$430/mo

Total monthly$4,156

Cash Needed to Close

Down payment (6.52%)$46,900

Land transfer tax$10,855

Est. closing costs$4,657

Total cash needed$62,412

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