$309,000

For sale

#509 1 Victoria Street South, Kitchener - Single Family for Sale

#509 1 Victoria Street South, Kitchener, Ontario, N2G0B5

1 bed1 bath1 parking650 ft²$562/mo condo feeListed 41 days ago

Overview

This 1-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 650 sq ft of space. Listed at $309,000, it is attractively priced about 23% below the $399,500 median asking price in Kitchener. It has been on the market 41 days, fresher than the Kitchener average of 53 days.

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Description

Experience modern urban living in this stunning, open-concept condo located in the highly desirable Victoria Condominiums. Perfect for professionals and students alike, this bright and airy unit is steps from the LRT, Google, Victoria Park, the new transit hub, and downtown Kitchener's vibrant restaurant scene. The unit features floor-to-ceiling windows, a spacious bedroom, a luxurious 4-piece bathroom, and convenient in-suite laundry. The contemporary kitchen boasts top-of-the-line stainless steel appliances and a functional breakfast bar. Premium building amenities include controlled entry security, a beautifully landscaped outdoor terrace, an entertainment room, a fully-equipped gym, and a state-of-the-art theatre room. Situated directly across from the University of Waterloo School of Pharmacy and the McMaster School of Medicine. A rare find for this building, this unit includes its own dedicated parking space. (id:66096)

Property Details

MLS®: X13824382
Property Type: Single Family
Zoning: D6
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Condo Fee: $562/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,120/yr

Rooms

Flat

Living room: 3.05 x 3.05 meters
Kitchen: 3.69 x 2.35 meters
Bedroom: 3.17 x 3 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, Stove, Dryer, Microwave, Window Coverings
Flooring: Laminate
Exterior: Concrete, Brick
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

41d

Kitchener listings, avg age

53d

Price / ft²

$476

List price

$309K

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 41 days, which is 12 days fresher than the city average of 53. Act while there is still low competition.

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Listed by RE/MAX REALTY SERVICES INC. · RD CHEEMA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2G)

This home lists at $309,000, about 5.0× the local median household income of $62,400.

Carrying it typically needs a household income of about $60,359 (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)

$309,000· $476/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $15,450

Min 5%50%

Mortgage payment$1,627/mo

↳ CMHC premium ($11,742 capitalized)

Property tax (est.)$260/mo

Condo fee$562/mo

Total monthly$2,450

Cash Needed to Close

Down payment (5%)$15,450

Land transfer tax$3,110

Est. closing costs$3,427

Total cash needed$21,987

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