$324,900

For sale

#227 55 Duke Street, Kitchener - Single Family for Sale

#227 55 Duke Street, Kitchener, Ontario, N2H0C9

1 bed1 bath0 parking550 ft²$496/mo condo feeListed 14 days ago

Overview

This 1-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 550 sq ft of space. Listed at $324,900, it is attractively priced about 19% below the $399,500 median asking price in Kitchener. It has been on the market 14 days, fresher than the Kitchener average of 53 days.

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Description

Welcome to 55 Duke Street, Unit 227! Experience modern downtown living in this contemporary 1-bedroom, PLUS DEN condo featuring a massive private patio, perfect for outdoor entertaining, relaxing, or creating your own urban oasis. The thoughtfully designed layout offers a spacious kitchen, comfortable living area, separate office space ideal for working from home, primary bedroom, and 4-piece bathroom. Enjoy the convenience of in-suite laundry and central air conditioning, along with an impressive collection of building amenities, including a concierge, fitness room, party room, business centre, workshop, community BBQ area, and rooftop deck and garden. The expansive private patio is a true highlight, offering rare outdoor space to enjoy right in the heart of downtown. Ideally located just steps from public transit, parks, the library, shops, restaurants, and everyday conveniences, this condo is an excellent opportunity for first-time buyers, professionals, or investors seeking a vibrant urban lifestyle. (id:66096)

Property Details

MLS®: X14103018
Property Type: Single Family
Zoning: D1
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Other
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Condo Fee: $496/mo
Fee Includes: Common Area Maintenance
Ownership: Condo/Strata
Property Tax: $3,432/yr
Listed

Rooms

Main level

Kitchen: 3.53 x 4.47 meters
Living room: 3.73 x 3.38 meters
Den: 3.3 x 2.87 meters
Primary Bedroom: 2.9 x 3.02 meters
Bathroom: 2.41 x 1.5 meters

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

Features

Exterior: Steel, Brick
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Kitchener listings, avg age

53d

Price / ft²

$591

List price

$325K

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 14 days, which is 39 days fresher than the city average of 53. Act while there is still low competition.

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Listed by REAL BROKER ONTARIO LTD. · Sam Chin

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2H)

This home lists at $324,900, about 4.4× the local median household income of $73,500.

Carrying it typically needs a household income of about $63,464 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $73,500
Population: 22,456
Median age: 38.4
Owner / renter: 49% / 51%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA N2H)

$324,900· $591/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,245

Min 5%50%

Mortgage payment$1,711/mo

↳ CMHC premium ($12,346 capitalized)

Property tax (est.)$286/mo

Condo fee$496/mo

Total monthly$2,494

Cash Needed to Close

Down payment (5%)$16,245

Land transfer tax$3,349

Est. closing costs$3,475

Total cash needed$23,069

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