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$705,000

For sale

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99 LORRAINE Avenue, Kitchener - Single Family for Sale

99 LORRAINE Avenue, Kitchener, Ontario, N2B2N1

3 beds2 baths parking

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

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$930K

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3 bd3 ba4 pk2,487 ft²

Listed by Re/Max Twin City Realty Inc.

58 HICKORY HEIGHTS Crescent, Kitchener, Ontario, N2N1H4

For saleJust listed

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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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$705,000

Kitchener

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Overview

This 3-bedroom, 2-bathroom home in Kitchener is for sale offering roughly 2,066 sq ft of space. Listed at $705,000, it is attractively priced about 5% below the $745,000 median asking price in Kitchener. It has been on the market 36 days, fresher than the Kitchener average of 54 days.

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Property Details

MLS®: 40868064
Property Type: Single Family
Zoning: R2
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 3
Interior Size: 2,066 ft²
Frontage: 54 ft
Year Built: 1967
Storeys: 2
Style: Other
Basement: Partially finished, Full
Heating: Baseboard heaters, Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $4,471.07/yr
Listed: 36 days ago

Rooms

Basement

Laundry room: 9'6'' x 11'3''
Recreation room: 11'4'' x 19'6''

Second level

Primary Bedroom: 11'11'' x 12'6''
Bedroom: 10'1'' x 12'1''
Bedroom: 9'5'' x 12'1''
4pc Bathroom: 7'0'' x 11'11''

Main level

Living room: 9'11'' x 17'9''
Dining room: 8'9'' x 11'6''
Kitchen: 10'9'' x 11'6''

Lower level

2pc Bathroom: 4'1'' x 5'2''
Sunroom: 18'5'' x 21'1''
Den: 11'6'' x 19'8''

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

Features

Appliances: Washer, Refrigerator, Water softener, Central Vacuum, Dishwasher, Stove, Dryer, Hood Fan, Window Coverings, Garage door opener
Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Southern exposure

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Kitchener listings, avg age

54d

Price / ft²

$341

List price

$705K

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.

Area context

Neighbourhood profile (N2B)

This home lists at $705,000, about 8.7× the local median household income of $81,000.

Carrying it typically needs a household income of about $137,711 (20% down, 25-yr amortization, stress-tested) — roughly 70% above the area median.

Median household income: $81,000
Population: 16,939
Median age: 42.8
Owner / renter: 61% / 39%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N2B)

$705,000· $341/ft²

For sale

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Full Cost Breakdown

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Down Payment6.45% · $45,500

Min 6.45%50%

Mortgage payment$3,656/mo

↳ CMHC premium ($26,380 capitalized)

Property tax (est.)$373/mo

Total monthly$4,029

Cash Needed to Close

Down payment (6.45%)$45,500

Land transfer tax$10,575

Est. closing costs$4,615

Total cash needed$60,690

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Open house

99 LORRAINE Avenue, Kitchener - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N2B)

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Full Cost Breakdown