$361,209

For sale

#106 1000 Lackner Place, Kitchener - Single Family for Sale

#106 1000 Lackner Place, Kitchener, Ontario, N2A4A8

1 bed1 bath1 parking650 ft²$381/mo condo feeListed 27 days ago

Overview

This 1-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 650 sq ft of space. Listed at $361,209, it is attractively priced about 10% below the $399,500 median asking price in Kitchener. It has been on the market 27 days, fresher than the Kitchener average of 53 days.

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Description

*** Brand-new condo by Reid's Heritage Homes, qualifies for the HST Rebate which could save you thousands *** This bright and stylish "Stanmore" model is a 640 sq. ft. main-floor suite offering the convenience of easy access, making day-to-day living effortless. Featuring one bedroom, one bathroom, a balcony and many features including; quartz countertops, stainless steel appliances, and durable luxury vinyl plank flooring. Enjoy the added benefits of one parking space, a storage locker, secure building entry, elevator access, bicycle storage, a party room with kitchenette, and a playground. Located steps from trails, transit, shopping, and everyday amenities, with quick highway access and a short drive to universities and colleges. A fantastic opportunity for first-time buyers, downsizers, professionals, or investors seeking modern, low-maintenance living in a convenient location. The purchase price set out above is net of HST. How HST will be addressed will be determined at the time the Purchaser enters the agreement of purchase and sale, based on the status of the existing and proposed HST Rebates announced by the provincial and federal governments. ARN# is TBD. (id:66096)

Property Details

MLS®: X13874882
Property Type: Single Family
Zoning: R7
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas, Coil Fan
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $381/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,615.16/yr
Listed: 27 days ago

Rooms

Main level

Kitchen: 3.56 x 2.82 meters
Living room: 3.61 x 3.51 meters
Bedroom: 3.51 x 3.35 meters
Bathroom: 3.33 x 1.5 meters
Laundry room: 1.83 x 1.83 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Water Heater
Exterior: Brick, Stucco
Lot Features: Conservation/green belt, Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Kitchener listings, avg age

53d

Price / ft²

$556

List price

$361K

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 1-bed single 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 RE/MAX REAL ESTATE CENTRE INC. · Andrea De Vries

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2A)

This home lists at $361,209, about 3.8× the local median household income of $96,000.

Carrying it typically needs a household income of about $70,557 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $96,000
Population: 32,454
Median age: 39.2
Owner / renter: 71% / 29%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA N2A)

$361,209· $556/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,060.45

Min 5%50%

Mortgage payment$1,902/mo

↳ CMHC premium ($13,726 capitalized)

Property tax (est.)$218/mo

Condo fee$381/mo

Total monthly$2,502

Cash Needed to Close

Down payment (5%)$18,060

Land transfer tax$3,893

Est. closing costs$3,584

Total cash needed$25,538

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