$334,900

For sale

#508 260 SHELDON Avenue North, Kitchener - Single Family for Sale

#508 260 SHELDON Avenue North, Kitchener, Ontario, N2H6P2

2 beds2 baths1 parking828 ft²$740/mo condo feeListed 22 days ago

Overview

This 2-bedroom, 2-bathroom condo in Kitchener is for sale offering roughly 828 sq ft of space. Listed at $334,900, it is attractively priced about 16% below the $399,500 median asking price in Kitchener. It has been on the market 22 days, fresher than the Kitchener average of 53 days.

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Description

Renovated, move-in ready & includes great amenities! Welcome to this updated 2-bedroom, 1.5-bathroom condo, offering a functional layout designed for comfortable living. Featuring a renovated kitchen and bathrooms, fresh paint throughout, and new flooring, this unit is completely move-in ready, just unpack and enjoy! Step out onto your private balcony for a breath of fresh air and take advantage of the included underground parking space for added convenience. The building offers great amenities, including an indoor pool and a fully equipped fitness center, perfect for an active lifestyle. Ideally situated with easy access to shopping, public transit, and major routes, this condo is a fantastic opportunity for first-time buyers, downsizers, or investors. Don't miss out, schedule your private viewing today! (id:66096)

Property Details

MLS®: 40870288
Property Type: Single Family
Zoning: R2
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 828 ft²
Storeys: 1
Style: Other
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Underground, Visitor Parking
Pool: Yes
Condo Fee: $740/mo
Fee Includes

Rooms

Main level

2pc Bathroom
Bedroom: 9'0'' x 12'0''
Primary Bedroom: 10'8'' x 17'0''
4pc Bathroom
Living room/Dining room: 15'8'' x 20'0''
Kitchen: 8'6'' x 10'9''

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

Features

Exterior: Concrete, Brick
Lot Features: Balcony, Paved driveway, Laundry- Coin operated

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Kitchener listings, avg age

53d

Price / ft²

$404

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 2-bed single family in Kitchener has been listed for 22 days, which is 31 days fresher than the city average of 53. Act while there is still low competition.

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Listed by Re/Max Real Estate Centre Inc. · ANTONIO NOGUEIRA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2H)

This home lists at $334,900, about 4.6× the local median household income of $73,500.

Carrying it typically needs a household income of about $65,418 (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)

$334,900· $404/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,745

Min 5%50%

Mortgage payment$1,764/mo

↳ CMHC premium ($12,726 capitalized)

Property tax (est.)$170/mo

Condo fee$740/mo

Total monthly$2,673

Cash Needed to Close

Down payment (5%)$16,745

Land transfer tax$3,499

Est. closing costs$3,505

Total cash needed$23,749

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