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$551,327

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#509 525 NEW DUNDEE Road, Kitchener - Single Family for Sale

#509 525 NEW DUNDEE Road, Kitchener, Ontario, N2P2L1

2 beds2 baths1 parking1,112 ft²$423/mo condo feeListed 44 days ago

Overview

This 2-bedroom, 2-bathroom condo in Kitchener is for sale offering roughly 1,112 sq ft of space. It has been on the market 44 days, fresher than the Kitchener average of 54 days.

Condos for Sale in Kitchener →All real estate in Kitchener →

Description

Discover the epitome of refined condominium living at 525 NEW DUNDEE RD 509, KIT ON N2P 2L1. This attractive, single-story property, in great condition, offers a sophisticated lifestyle for those seeking comfort and convenience in KIT. The heart of this home is its open-plan kitchen, seamlessly integrating with the living room. It features sleek flat panel cabinets, elegant stone counters, and a practical peninsula, all complemented by modern stainless steel appliances. This design creates an ideal space for both everyday living and entertaining. Retreat to one of the two comfortable bedrooms, designed to offer personal sanctuaries. The two well-appointed bathrooms provide convenience and style, with one featuring a walk-in shower for a spa-like experience. Beyond the walls of this inviting residence, a vibrant community awaits. Residents can enjoy leisurely strolls through the park, engage in friendly competition in the billiard room, or maintain their wellness goals at the fitness center. This condominium presents an exceptional opportunity to embrace a lifestyle of ease and aspiration. (id:66096)

Property Details

MLS®: 40864888
Property Type: Single Family
Zoning: COM3 NHC1
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,112 ft²
Storeys: 1
Style: Other
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Garage: Open
Condo Fee: $423/mo
Fee Includes: Landscaping
Ownership: Condo/Strata
Property Tax

Rooms

Main level

Dining room: 8'2'' x 14'2''
3pc Bathroom
Primary Bedroom: 10'6'' x 12'8''
Kitchen: 10'1'' x 17'5''
Bedroom: 14'3'' x 9'10''
Living room: 14'2'' x 11'11''
4pc Bathroom

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

Features

Appliances: Washer, Dishwasher, Dryer
Exterior: Concrete
Lot Features: Conservation/green belt, Balcony

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Kitchener listings, avg age

54d

Price / ft²

$496

List price

$551K

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 44 days, which is 10 days fresher than the city average of 54. Act while there is still low competition.

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Listed by Corcoran Horizon Realty · William Forbes

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2P)

This home lists at $551,327, about 5.0× the local median household income of $110,000.

Carrying it typically needs a household income of about $107,693 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $110,000
Population: 25,040
Median age: 36
Owner / renter: 76% / 24%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N2P)

$551,327· $496/ft²

For sale

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Full Cost Breakdown

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Down Payment5.47% · $30,132.70

Min 5.47%50%

Mortgage payment$2,890/mo

↳ CMHC premium ($20,848 capitalized)

Property tax (est.)$351/mo

Condo fee$423/mo

Total monthly$3,663

Cash Needed to Close

Down payment (5.47%)$30,133

Land transfer tax$7,502

Est. closing costs$4,154

Total cash needed$41,788

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Open house

#509 525 NEW DUNDEE Road, Kitchener - Single Family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N2P)

Book a showing

Full Cost Breakdown