$274,900

For sale

#1304 1 Victoria Street South, Kitchener - Single Family for Sale

#1304 1 Victoria Street South, Kitchener, Ontario, N2G0B5

1 bed1 bath0 parking550 ft²$502/mo condo feeListed 48 days ago

Overview

This 1-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 550 sq ft of space. Listed at $274,900, it is attractively priced about 31% below the $399,500 median asking price in Kitchener. It has been on the market 48 days, fresher than the Kitchener average of 53 days.

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Description

Modern urban living in the heart of Kitchener's Innovation District at One Victoria. Overlooking vibrant King Street, this stylish 1-bedroom, 1-bathroom condo offers a bright open-concept layout with engineered hardwood flooring and convenient in-suite laundry. The contemporary kitchen features quartz countertops, stainless steel appliances, tile backsplash and a functional breakfast bar that opens naturally into the living space. Residents enjoy an impressive collection of building amenities including a fully equipped fitness centre, private media/theatre room, resident lounge, landscaped outdoor terrace with BBQ stations, executive meeting space, secure bike storage and on-site concierge. The location is hard to beat. Walk to Google, The Tannery, McMaster's School of Medicine, the University of Waterloo School of Pharmacy and Victoria Park. The ION LRT and Kitchener GO Station are just steps away, along with downtown restaurants, cafes, shopping and entertainment. An ideal opportunity for professionals, students, investors or anyone looking for low-maintenance urban living in one of Kitchener's most connected neighbourhoods. The unit also includes a private storage locker. Please note, there is no dedicated parking space included. (id:66096)

Property Details

MLS®: X13799996
Property Type: Single Family
Zoning: D6
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Condo Fee: $502/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,022.89/yr
Listed: 48 days ago

Rooms

Main level

Bedroom: 2.85 x 3.44 meters
Kitchen: 3.41 x 4.02 meters
Living room: 3.4 x 3.3 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, Oven - Built-In
Exterior: Concrete, Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Kitchener listings, avg age

53d

Price / ft²

$500

List price

$275K

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 48 days, which is 5 days fresher than the city average of 53. Act while there is still low competition.

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Listed by RE/MAX TWIN CITY REALTY INC. · DAVID SCHOOLEY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2G)

This home lists at $274,900, about 4.4× the local median household income of $62,400.

Carrying it typically needs a household income of about $53,698 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $62,400
Population: 14,580
Median age: 38
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA N2G)

$274,900· $500/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $13,745

Min 5%50%

Mortgage payment$1,448/mo

↳ CMHC premium ($10,446 capitalized)

Property tax (est.)$252/mo

Condo fee$502/mo

Total monthly$2,201

Cash Needed to Close

Down payment (5%)$13,745

Land transfer tax$2,599

Est. closing costs$3,325

Total cash needed$19,669

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