$399,900

For sale

#1403 5 Wellington Street South, Kitchener - Single Family for Sale

#1403 5 Wellington Street South, Kitchener, Ontario, N2G0E3

1 bed1 bath1 parking$4/mo condo feeListed 93 days ago

Overview

This 1-bedroom, 1-bathroom condo in Kitchener is for sale. Its $399,900 asking price sits right in line with the $399,500 median in Kitchener.

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Description

**Suite comes with a rare, pre-approved short-term occupancy/Airbnb license** Welcome to Station Park, one of Kitchener's premier condo communities in the heart of the Innovation District. This modern 1-bedroom, 1-bathroom suite with 1 storage locker and 1 underground parking space features a bright open-concept layout, contemporary finishes and stainless steel appliances. Ideally located just steps to Google Canada, Communitech, Deloitte, Kitchener GO Station, VIA Rail, ION LRT, Downtown Kitchener, Victoria Park, restaurants, cafes, shopping, and entertainment. Quick access to Highway 7/8 makes commuting throughout Waterloo Region and the GTA effortless. Residents enjoy exceptional amenities, including a fitness centre, Peloton room, swimming pool, party room, co-working lounge, outdoor BBQ and lounge areas, concierge, and visitor parking. Perfect for first-time buyers, professionals, downsizers, or investors seeking a stylish home in one of Waterloo Region's fastest-growing and most connected neighbourhoods. (id:66096)

Property Details

MLS®: X13632338
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $4/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,510/yr
Listed: 93 days ago

Rooms

Flat

Living room: 6.18 x 3.12 meters
Kitchen: 2.37 x 3.12 meters
Bedroom: 3.41 x 3.14 meters
Laundry room: 0.97 x 0.94 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, Blinds
Flooring: Laminate
Exterior: Concrete, Brick
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

93d

Kitchener listings, avg age

53d

List price

$400K

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 is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RE/MAX HALLMARK REALTY LTD. · ERICKA SAN LUIS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2G)

This home lists at $399,900, about 6.4× the local median household income of $62,400.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 25% above 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)

$399,900

For sale

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$209/mo

Condo fee$4/mo

Total monthly$2,319

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$4,474

Est. closing costs$3,700

Total cash needed$28,169

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

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