$920,000

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#7 183 Victoria Street North, Kitchener - Single Family for Sale

#7 183 Victoria Street North, Kitchener, Ontario, N2R5C5

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Listed by RE/MAX REAL ESTATE CENTRE INC.

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Listed by Re/Max Real Estate Centre Inc.

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Listed by RE/MAX TWIN CITY REALTY INC.

Investment analysis

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$920,000

Kitchener

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Description

Stylish 3-storey condo townhouse offering over 2,000 sq. ft. of thoughtfully designed living space, combining sleek modern finishes with a prime Kitchener location. The lower level features a spacious bedroom, a 4-piece bathroom. The bright, open-concept main floor living space is ideal for both everyday living and entertaining, with large windows, a well proportioned dining area. The contemporary kitchen is finished with quartz countertops, melamine slab cabinetry, and porcelain tile. The upper level offers two additional bedrooms with closets, a full bathroom, a private terrace, and convenient ensuite laundry. Ideally located near downtown Kitchener, transit, parks, restaurants, and everyday amenities. (id:66096)

Property Details

MLS®: X13820226
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 2,125 ft²
Storeys: 3
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, No Garage
Condo Fee: $428/mo
Fee Includes: Electricity, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,077.4/yr
Listed: 42 days ago

Market Timing

Days on market

42d

Kitchener listings, avg age

54d

Price / ft²

$433

List price

$920K

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.

Area context

Neighbourhood profile (N2R)

This home lists at $920,000, about 7.9× the local median household income of $116,000.

Carrying it typically needs a household income of about $179,708 (20% down, 25-yr amortization, stress-tested) — roughly 55% above the area median.

Median household income: $116,000
Population: 18,445
Median age: 32.8
Owner / renter: 80% / 20%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA N2R)

$920,000· $433/ft²

For sale

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Full Cost Breakdown

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Down Payment7.28% · $67,000

Min 7.28%50%

Mortgage payment$4,729/mo

↳ CMHC premium ($34,120 capitalized)

Property tax (est.)$340/mo

Condo fee$428/mo

Total monthly$5,497

Cash Needed to Close

Down payment (7.28%)$67,000

Land transfer tax$14,875

Est. closing costs$5,260

Total cash needed$87,135

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#7 183 Victoria Street North, Kitchener - Single Family for Sale

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Description

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Neighbourhood profile (N2R)

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Full Cost Breakdown