$399,500

For sale

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#703 1414 KING Street East, Kitchener - Single Family for Sale

#703 1414 KING Street East, Kitchener, Ontario, N2G4T8

2 beds1 bath1 parking ft²

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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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Today

$270K

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Listed by RE/MAX TWIN CITY REALTY INC.

Investment analysis

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$399,500

Kitchener

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Description

WOW!!! Bright, Large corner unit in AAA condition with wonderful views. Updated kitchen and spacious primary rooms. Large primary bedroom and good sized den with closet/ could be used as a second bedroom. Easy access to a storage unit on the same floor of the unit. Condo fees include heat, hydro and parking. This building offers a bowling alley, shuffleboard, darts, billiards, gym, party room, games room, dining room, quilting/craft room, boardroom, library, BBQ area and a woodworking room. (id:66096)

Property Details

MLS®: 40856977
Property Type: Single Family
Zoning: C5
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 1,260 ft²
Year Built: 1987
Storeys: 1
Style: Other
Basement: None
Heating: Baseboard heaters, Forced air
Cooling: Central air conditioning
Garage: Underground, None
Condo Fee: $1,345/mo
Fee Includes: Common Area Maintenance, Landscaping, Property Management, Heat, Electricity, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,025/yr
Listed: 70 days ago

Rooms

Main level

Foyer: 11'2'' x 4'6''
Living room: 13'5'' x 19'11''
Kitchen: 9'3'' x 7'10''
Family room: 12'1'' x 9'2''
Dining room: 11'2'' x 12'5''
Breakfast: 6'6'' x 10'3''
Primary Bedroom: 15'11'' x 11'0''
Bedroom: 11'6'' x 11'2''
4pc Bathroom

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

Market Timing

Days on market

70d

Kitchener listings, avg age

53d

Price / ft²

$317

List price

$400K

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 (N2G)

This home lists at $399,500, about 6.4× the local median household income of $62,400.

Carrying it typically needs a household income of about $78,036 (20% down, 25-yr amortization, stress-tested) — roughly 25% above 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)

$399,500· $317/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,975

Min 5%50%

Mortgage payment$2,104/mo

↳ CMHC premium ($15,181 capitalized)

Property tax (est.)$252/mo

Condo fee$1,345/mo

Total monthly$3,702

Cash Needed to Close

Down payment (5%)$19,975

Land transfer tax$4,468

Est. closing costs$3,699

Total cash needed$28,142

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

#703 1414 KING Street East, Kitchener - Single Family for Sale

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Neighbourhood profile (N2G)

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