$335,000

For sale

#503 15 PRINCE ALBERT Boulevard, Kitchener - Single Family for Sale

#503 15 PRINCE ALBERT Boulevard, Kitchener, Ontario, N2H0C2

1 bed1 bath1 parking608 ft²$534/mo condo feeListed 16 days ago

Overview

This 1-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 608 sq ft of space. Listed at $335,000, it is attractively priced about 16% below the $399,500 median asking price in Kitchener. It has been on the market 16 days, fresher than the Kitchener average of 53 days.

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Description

Fabulous 1 bedroom 1 bathroom condo with floor to ceiling windows giving you tons of natural light all day. This very popular and well maintained building is in a fabulous and convenient location between downtown Kitchener and uptown Waterloo, in the Mount Hope neighbourhood and close to the Google office. This nice clean, move in ready, carpet free condo really is a must see, nice open concept bright living area, well equipped kitchen with stainless appliances included, a spacious balcony with amazing views, a nice bright bedroom, a 4 piece bathroom, in suite laundry with washer and dryer included. This condo also benefits from having private underground secure parking and a storage locker, and the condo is very efficient with its geothermal heating and cooling system. A great condo for the first time buyer looking to get into the market or a very low maintenance unit for the savvy real estate investor. (id:66096)

Property Details

MLS®: 40872535
Property Type: Single Family
Zoning: R-8 63 1R, 177U
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 608 ft²
Storeys: 1
Style: Other
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Garage: Underground, Visitor Parking
Condo Fee: $534/mo
Ownership: Condo/Strata
Property Tax: $3,036.95/yr
Listed

Rooms

Main level

Living room: 15'0'' x 14'5''
Kitchen: 11'1'' x 4'2''
Dining room: 11'1'' x 6'2''
Bedroom: 11'7'' x 9'5''
4pc Bathroom: 4'11'' 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: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Exterior: Brick
Lot Features: Southern exposure, Balcony, Automatic Garage Door Opener

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Kitchener listings, avg age

53d

Price / ft²

$551

List price

$335K

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 16 days, which is 37 days fresher than the city average of 53. Act while there is still low competition.

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Listed by Keller Williams Home Group Realty, Brokerage · PAUL FITZPATRICK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2H)

This home lists at $335,000, about 4.6× the local median household income of $73,500.

Carrying it typically needs a household income of about $65,437 (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)

$335,000· $551/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,750

Min 5%50%

Mortgage payment$1,764/mo

↳ CMHC premium ($12,730 capitalized)

Property tax (est.)$253/mo

Condo fee$534/mo

Total monthly$2,551

Cash Needed to Close

Down payment (5%)$16,750

Land transfer tax$3,500

Est. closing costs$3,505

Total cash needed$23,755

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