$365,622

For sale

#322 1100 Lackner Place, Kitchener - Single Family for Sale

#322 1100 Lackner Place, Kitchener, Ontario, N2A0M1

1 bed1 bath1 parking650 ft²$333/mo condo feeListed 61 days ago

Overview

This 1-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 650 sq ft of space. Listed at $365,622, it is attractively priced about 8% below the $399,500 median asking price in Kitchener.

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Description

Discover the perfect blend of comfort and convenience in this brand-new 640 sqft 1-bedroom suite for sale directly from Reid's Heritage Homes. Whether you are looking for your first home, a peaceful place to down size, or a turn key investment, this beautifully designed layout offers something for everyone.The interior features a bright, open-concept living space finished with premium quartz countertops, sleek stainless steel appliances, and durable luxury vinyl plank flooring. However, the true standout is the location: this unit directly faces a lush ravine, providinga peaceful, green backdrop and a level of privacy rarely found in city living. The purchase price set out above is netof HST. How HST will be addressed will be determined at the time the Purchaser enters the agreement of purchase and sale, based on the status of the existing HST Rebates announced by the provincial and federal governments (id:66096)

Property Details

MLS®: X13746786
Property Type: Single Family
Zoning: Residential
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Ventilation system
Garage: No Garage
Condo Fee: $333/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Listed: 61 days ago

Rooms

Flat

Living room: 3.65 x 3.53 meters
Bedroom: 3.35 x 3.58 meters
Kitchen: 3.55 x 2.89 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, Water meter, Dishwasher, Stove, Dryer, Microwave, Water Heater
Exterior: Brick
Lot Features: Cul-de-sac, Wooded area, Ravine, Backs on greenbelt, Elevator, Lighting, Balcony, Paved yard, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

61d

Kitchener listings, avg age

53d

Price / ft²

$563

List price

$366K

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 Eleven Eleven Real Estate Services Inc. · JESSICA E.M FRUTTI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2A)

This home lists at $365,622, about 3.8× the local median household income of $96,000.

Carrying it typically needs a household income of about $71,419 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $96,000
Population: 32,454
Median age: 39.2
Owner / renter: 71% / 29%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA N2A)

$365,622· $563/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,281.10

Min 5%50%

Mortgage payment$1,926/mo

↳ CMHC premium ($13,894 capitalized)

Est. property tax$0/mo

Condo fee$333/mo

Total monthly$2,259

Cash Needed to Close

Down payment (5%)$18,281

Land transfer tax$3,959

Est. closing costs$3,597

Total cash needed$25,837

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