$389,900

For sale

#110 71 Vanier Drive, Kitchener - Single Family for Sale

#110 71 Vanier Drive, Kitchener, Ontario, N2C1J4

2 beds1 bath1 parking950 ft²$679/mo condo feeListed 47 days ago

Overview

This 2-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 950 sq ft of space. Its $389,900 asking price sits right in line with the $399,500 median in Kitchener. It has been on the market 47 days, fresher than the Kitchener average of 53 days.

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Description

Affordable, Move-In Ready & Packed with Value! This spacious main-level condo features a private terrace, perfect for relaxing or entertaining. Inside, enjoy an updated kitchen with quartz counters, stainless steel appliances and undermount sink, plus a bright, carpet-free living room with direct access to the outdoor space and a generous dining area. Two spacious bedrooms include a primary with walk-in closet, along with an updated 4-piece bathroom and convenient in-suite laundry (formerly a 2-piece powder room and easily converted back). Condo fees include heat, hydro, water, exterior maintenance, building insurance and management fees-helping make monthly expenses more predictable. Transit is right across the street, with easy access to the LRT, Hwy 7, Hwy 8 & 401. Just 5 minutes to Fairview Park Mall, approximately 15 minutes to the University of Waterloo, and walking distance to parks and schools. Affordable, low-maintenance living in a convenient location! (id:66096)

Property Details

MLS®: X13802770
Property Type: Single Family
Zoning: R2
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Baseboard heaters, Electric
Garage: No Garage
Condo Fee: $679/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,587/yr
Listed: 47 days ago

Rooms

Main level

Living room: 4.74 x 4.47 meters
Dining room: 2.65 x 2.39 meters
Kitchen: 2.39 x 2.34 meters
Primary Bedroom: 4.32 x 3.33 meters
Bedroom 2: 3.47 x 2.74 meters
Other: 2.43 x 2.32 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, Intercom, Dishwasher, Stove, Window Coverings
Foundation: Slab
Exterior: Brick
Lot Features: Level, In suite Laundry, Laundry- Coin operated

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

47d

Kitchener listings, avg age

53d

Price / ft²

$411

List price

$390K

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 2-bed single family in Kitchener has been listed for 47 days, which is 6 days fresher than the city average of 53. Act while there is still low competition.

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Listed by RE/MAX ESCARPMENT REALTY INC. · DANIELLA RENEE AITKEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2C)

This home lists at $389,900, about 5.6× the local median household income of $70,000.

Carrying it typically needs a household income of about $76,161 (20% down, 25-yr amortization, stress-tested) — roughly 9% above the area median.

Median household income: $70,000
Population: 17,681
Median age: 36.8
Owner / renter: 33% / 67%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N2C)

$389,900· $411/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,495

Min 5%50%

Mortgage payment$2,054/mo

↳ CMHC premium ($14,816 capitalized)

Property tax (est.)$132/mo

Condo fee$679/mo

Total monthly$2,865

Cash Needed to Close

Down payment (5%)$19,495

Land transfer tax$4,324

Est. closing costs$3,670

Total cash needed$27,489

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