$280,000

For sale

#502 65 HIGHLAND Crescent, Kitchener - Single Family for Sale

#502 65 HIGHLAND Crescent, Kitchener, Ontario, N2M5M8

2 beds1 bath1 parking1,000 ft²$568/mo condo feeListed 50 days ago

Overview

This 2-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 1,000 sq ft of space. Listed at $280,000, it is attractively priced about 30% 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

An excellent opportunity to own in Kitchener’s established Victoria Hills community. This 2-bedroom, 1-bathroom condo offers 1,000 sq. ft. of comfortable living space with a practical layout, generous room sizes, in-suite laundry, and one parking space. With shopping, groceries, restaurants, public transit, parks, and everyday essentials all within easy reach, the location makes getting around simple. A versatile property for a first-time buyer, downsizer, or anyone looking for a low-maintenance place to call home, while also offering strong appeal as an investment property. Conveniently located with easy access to both Downtown Kitchener and Uptown Waterloo, this spacious condo is a great opportunity in a well-connected Kitchener neighbourhood. (id:66096)

Property Details

MLS®: 40863375
Property Type: Single Family
Zoning: R2DC5
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 1,000 ft²
Storeys: 1
Style: Other
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: Covered
Condo Fee: $568/mo
Ownership: Condo/Strata
Property Tax: $1,994.29/yr
Listed

Rooms

Main level

3pc Bathroom
Bedroom: 8'9'' x 12'5''
Bedroom: 10'9'' x 11'9''

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

Features

Appliances: Washer, Refrigerator, Dryer
Exterior: Concrete, Stucco

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

$280

List price

$280K

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 2-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 Vancor Realty Inc. · Tanja Damjanovic

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2M)

This home lists at $280,000, about 3.9× the local median household income of $71,500.

Carrying it typically needs a household income of about $54,694 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $71,500
Population: 36,494
Median age: 36.4
Owner / renter: 46% / 54%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N2M)

$280,000· $280/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,000

Min 5%50%

Mortgage payment$1,475/mo

↳ CMHC premium ($10,640 capitalized)

Property tax (est.)$166/mo

Condo fee$568/mo

Total monthly$2,209

Cash Needed to Close

Down payment (5%)$14,000

Land transfer tax$2,675

Est. closing costs$3,340

Total cash needed$20,015

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