$299,900

For sale

#408 410 KING Street West, Kitchener - Single Family for Sale

#408 410 KING Street West, Kitchener, Ontario, N2G1C3

1 bed1 bath1 parking757 ft²$925/mo condo feeListed 29 days ago

Overview

This 1-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 757 sq ft of space. Listed at $299,900, it is attractively priced about 25% below the $399,500 median asking price in Kitchener. It has been on the market 29 days, fresher than the Kitchener average of 53 days.

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Description

Welcome to Kaufman Lofts, a unique historic building in the heart of Downtown Kitchener. This well-appointed 1 bedroom, 1 bathroom condo offers a stylish urban lifestyle with character throughout. The open-concept layout is complemented by soaring ceilings, large windows, and distinctive loft-inspired details that create a bright and inviting living space. The kitchen offers ample cabinetry and workspace, flowing seamlessly into the living and dining areas. Enjoy the convenience of being steps from downtown restaurants, cafes, shopping, transit, the Innovation District, and Kitchener GO Station. Residents also have access to fantastic building amenities, including a rooftop terrace, party room, bike storage, and private storage lockers. An excellent opportunity for first-time buyers, professionals, investors, or anyone looking to enjoy the convenience and energy of downtown living. (id:66096)

Property Details

MLS®: 40869051
Property Type: Single Family
Zoning: D6
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 757 ft²
Year Built: 2008
Storeys: 1
Style: Other
Basement: None
Heating: Heat Pump, Forced air, Natural gas
Cooling: Central air conditioning
Garage: Open
Fireplace: Yes
Condo Fee: $925/mo
Fee Includes

Rooms

Main level

Living room: 13'5'' x 10'8''
Kitchen: 11'0'' x 9'11''
Dining room: 9'6'' x 12'11''
Bedroom: 9'10'' x 12'7''
4pc Bathroom: 5'3'' x 8'7''

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

Features

Appliances: Dishwasher
Foundation: Poured Concrete
Exterior: Brick
Lot Features: Southern exposure, Paved driveway

Services

Water: Municipal water
Sewer: Municipal sewage system
Utilities: Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

29d

Kitchener listings, avg age

53d

Price / ft²

$396

List price

$300K

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 29 days, which is 24 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. · Tammy Nolan

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2G)

This home lists at $299,900, about 4.8× the local median household income of $62,400.

Carrying it typically needs a household income of about $58,581 (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)

$299,900· $396/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,995

Min 5%50%

Mortgage payment$1,580/mo

↳ CMHC premium ($11,396 capitalized)

Property tax (est.)$282/mo

Condo fee$925/mo

Total monthly$2,787

Cash Needed to Close

Down payment (5%)$14,995

Land transfer tax$2,974

Est. closing costs$3,400

Total cash needed$21,369

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