$475,000

For sale

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93 LANCASTER Street West, Kitchener - Single Family for Sale

93 LANCASTER Street West, Kitchener, Ontario, N2H4T3

4 beds2 baths2 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

90 AUTUMN RIDGE Trail, Kitchener, Ontario, N2P2K1

For saleJust listed

Today

$930K

90 AUTUMN RIDGE Trail, Kitchener, Ontario, N2P2K1

3 bd3 ba4 pk2,487 ft²

Listed by Re/Max Twin City Realty Inc.

58 HICKORY HEIGHTS Crescent, Kitchener, Ontario, N2N1H4

For saleJust listed

Today

$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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$475,000

Kitchener

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Overview

This 4-bedroom, 2-bathroom home in Kitchener is for sale offering roughly 2,200 sq ft of space. Listed at $475,000, it is attractively priced about 36% below the $745,000 median asking price in Kitchener.

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Description

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. Upper level 2 bedroom with spacious living area plus finished and usable attic. Main level recently renovated 2 bedroom unit. Another finished unit in lower level which is self contained. 2 hydro meters. Corner location close to expressway and shopping, transit. Currently upper unit in rent. Developer, builder opportunity to buy next door (87 Lancaster) so it makes a great development project (id:66096)

Property Details

MLS®: 40863097
Property Type: Single Family
Zoning: SG-3
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 2,200 ft²
Frontage: 39 ft
Storeys: 2
Style: Other
Basement: Finished, Full
Heating: Forced air
Cooling: None
Ownership: Freehold
Property Tax: $3,133/yr
Listed: 52 days ago

Rooms

Main level

3pc Bathroom
3pc Bathroom
Bedroom: 8'0'' x 9'0''
Bedroom: 9'0'' x 8'0''
Kitchen: 6'0'' x 9'0''
Family room: 8'0'' x 20'8''

Third level

Attic: 20'0'' x 25'0''

Second level

Family room: 12'0'' x 8'0''
Bedroom: 9'0'' x 16'0''
Bedroom: 8'0'' x 12'0''

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

Features

Appliances: Refrigerator, Stove
Foundation: Stone
Exterior: Brick
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

52d

Kitchener listings, avg age

54d

Price / ft²

$216

List price

$475K

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 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.

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Listed by RE/MAX Twin City Realty Inc. · Jafar Konoodi

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2H)

This home lists at $475,000, about 6.5× the local median household income of $73,500.

Carrying it typically needs a household income of about $92,784 (20% down, 25-yr amortization, stress-tested) — roughly 26% 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)

$475,000· $216/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,750

Min 5%50%

Mortgage payment$2,502/mo

↳ CMHC premium ($18,050 capitalized)

Property tax (est.)$261/mo

Total monthly$2,763

Cash Needed to Close

Down payment (5%)$23,750

Land transfer tax$5,975

Est. closing costs$3,925

Total cash needed$33,650

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