$317,000

For sale

#317 404 KING Street West, Kitchener - Single Family for Sale

#317 404 KING Street West, Kitchener, Ontario, N2G4Z9

1 bed1 bath1 parking581 ft²$782/mo condo feeListed 50 days ago

Overview

This 1-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 581 sq ft of space. Listed at $317,000, it is attractively priced about 21% below the $399,500 median asking price in Kitchener. It has been on the market 50 days, fresher than the Kitchener average of 53 days.

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Description

Welcome to unit #317 at 404 King St W in trendy Downtown Kitchener. This stunning loft in the historic Kaufman building is a 1 bedroom, 1 bathroom unit that boasts 14-foot ceilings, expansive windows flooding the living space with natural light, and exquisite polished concrete floors. The upgraded kitchen and bathroom, along with the Juliette balcony create an urban oasis. Included with this property is a conveniently located storage locker on the same level and a surface parking spot. Residents also enjoy access to the rooftop patio, where barbecues are permitted, and a versatile party/meeting room. The Kaufman Lofts hold a central position, making them an ideal choice for young couples, professionals, or savvy investors seeking opportunities in the rapidly expanding Downtown Kitchener. Nestled in the heart of DTK, this residence offers easy walking access to Google, UW Pharmacy School, Communitech, as well as trendy shops, pubs, and restaurants. The LRT stop right outside the building provides convenient access to North Waterloo and South Kitchener, and is located across the street from the future regional transit hub and VIA Rail. With nearby Kitchener GO, LRT, transit and highway 7/8 just minutes away, getting around and outside of the city has never been easier. Whether you’re buying to live or to invest, this unit offers the best of downtown living in one of the region’s most stylish addresses. (id:66096)

Property Details

MLS®: 40861169
Property Type: Single Family
Zoning: D6
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 581 ft²
Storeys: 1
Style: Other
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Garage: Open
Condo Fee: $782/mo
Fee Includes: Landscaping, Property Management, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax

Rooms

Main level

Living room: 6'7'' x 13'7''
Dinette: 6'8'' x 10'11''
Kitchen: 10'11'' x 10'11''
Bedroom: 9'3'' x 10'7''
4pc Bathroom: 5'2'' x 8'4''

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, Window Coverings
Exterior: Brick
Lot Features: Balcony

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Kitchener listings, avg age

53d

Price / ft²

$546

List price

$317K

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 50 days, which is 3 days fresher than the city average of 53. Act while there is still low competition.

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Listed by Bosley Real Estate Ltd. · Heather Whyte

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2G)

This home lists at $317,000, about 5.1× the local median household income of $62,400.

Carrying it typically needs a household income of about $61,921 (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)

$317,000· $546/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $15,850

Min 5%50%

Mortgage payment$1,670/mo

↳ CMHC premium ($12,046 capitalized)

Property tax (est.)$264/mo

Condo fee$782/mo

Total monthly$2,716

Cash Needed to Close

Down payment (5%)$15,850

Land transfer tax$3,230

Est. closing costs$3,451

Total cash needed$22,531

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