$405,071

For sale

#517 1100 Lackner Place, Kitchener - Single Family for Sale

#517 1100 Lackner Place, Kitchener, Ontario, N2A0L3

2 beds1 bath1 parking750 ft²$463/mo condo feeListed 28 days ago

Overview

This 2-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 750 sq ft of space. Its $405,071 asking price sits right in line with the $399,500 median in Kitchener. It has been on the market 28 days, fresher than the Kitchener average of 53 days.

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Description

*** Brand-new condo by Reid's Heritage Homes, qualifies for the HST Rebate which could save you thousands *** This bright and stylish "Watson" model is a 751 sq. ft suite offering southern exposure and a private balcony to enjoy beautiful sunrise views. Featuring one bedroom plus den, one bathroom, a spacious balcony and many features including; quartz countertops, stainless steel appliances, and durable luxury vinyl plank flooring. Enjoy the added benefits of one underground parking space, a storage locker, secure building entry, elevator access, bicycle storage, a party room with kitchenette, and a playground. Located steps from trails, transit, shopping, and everyday amenities, with quick highway access and a short drive to universities and colleges. A fantastic opportunity for first-time buyers, downsizers, professionals, or investors seeking modern, low-maintenance living in a convenient location. The purchase price set out above is net of HST. How HST will be addressed will be determined at the time the Purchaser enters the agreement of purchase and sale, based on the status of the existing and proposed HST Rebates announced by the provincial and federal governments. ARN# is TBD (id:66096)

Property Details

MLS®: X13874910
Property Type: Single Family
Zoning: R7
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $463/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,079.14/yr
Listed: 28 days ago

Rooms

Main level

Kitchen: 3.1 x 2.87 meters
Living room: 5 x 3.84 meters
Den: 2.46 x 1.93 meters
Bedroom: 3.86 x 3.25 meters
Bathroom: 3.02 x 1.5 meters
Laundry room: 1.83 x 1.83 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, Dishwasher, Stove, Dryer, Microwave, Water Heater
Exterior: Brick, Stucco
Lot Features: Conservation/green belt, Elevator, Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

28d

Kitchener listings, avg age

53d

Price / ft²

$540

List price

$405K

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 28 days, which is 25 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. · Andrea De Vries

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2A)

This home lists at $405,071, about 4.2× the local median household income of $96,000.

Carrying it typically needs a household income of about $79,125 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $96,000
Population: 32,454
Median age: 39.2
Owner / renter: 71% / 29%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA N2A)

$405,071· $540/ft²

For sale

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Full Cost Breakdown

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Down Payment5.00% · $20,253.55

Min 5.00%50%

Mortgage payment$2,133/mo

↳ CMHC premium ($15,393 capitalized)

Property tax (est.)$257/mo

Condo fee$463/mo

Total monthly$2,853

Cash Needed to Close

Down payment (5.00%)$20,254

Land transfer tax$4,576

Est. closing costs$3,715

Total cash needed$28,545

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