$249,900

For sale

#802 1414 KING Street East, Kitchener - Single Family for Sale

#802 1414 KING Street East, Kitchener, Ontario, N2G4T8

1 bed1 bath2 parking618 ft²$642/mo condo feeListed 14 days ago

Overview

This 1-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 618 sq ft of space. Listed at $249,900, it is attractively priced about 37% below the $399,500 median asking price in Kitchener. It has been on the market 14 days, fresher than the Kitchener average of 53 days.

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

Description

OWN for LESS than many rentals! AFFORDABLE HOME OWNERSHIP where ALL UTILITIES ARE INCLUDED with your maintenance fees! Well established, well managed, Eastwood Community Condo. Welcome to Unit 802 at 1414 King St E in Kitchener. Updated and stylish, this beautiful one bedroom condo features in-suite laundry, lovely 4 piece bathroom, gorgeous updated kitchen with stainless steel appliances, living-dining room combo and an open balcony to watch the sun set. There is a storage locker on the 8th floor for your convenience. There is a spacious parking lot with lots of open parking. Enjoy Amazing Social Opportunities with all the amenities featuring bowling, shuffleboard, fitness, billiards, library, games room, quilting room, workshop and more. Rockway Community Centre, Rockway Gardens and Rockway Golf Course are also at your door step. TAKE ADVANTAGE OF THIS OPPORTUNITY AND COME SEE IT TODAY! (id:66096)

Property Details

MLS®: 40872951
Property Type: Single Family
Zoning: mix-2
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 618 ft²
Year Built: 1987
Storeys: 1
Style: Other
Basement: None
Heating: Forced air, Boiler, Natural gas
Cooling: Central air conditioning
Garage: Underground, Open
Condo Fee: $642/mo
Fee Includes: Common Area Maintenance, Landscaping, Property Management, Heat, Electricity, Water, Insurance, Parking

Rooms

Main level

Foyer: 7'7'' x 10'3''
4pc Bathroom: 4'10'' x 7'11''
Kitchen: 7'2'' x 7'11''
Living room: 12'0'' x 12'8''
Dining room: 8'2'' x 12'0''
Bedroom: 9'9'' x 11'1''

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

Features

Appliances: Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer
Exterior: Brick
Lot Features: Conservation/green belt, Balcony, Paved driveway

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Kitchener listings, avg age

53d

Price / ft²

$404

List price

$250K

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 14 days, which is 39 days fresher than the city average of 53. Act while there is still low competition.

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Listed by RED AND WHITE REALTY INC. · VICTOR ESTEIREIRO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2G)

This home lists at $249,900, about 4.0× the local median household income of $62,400.

Carrying it typically needs a household income of about $48,814 (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)

$249,900· $404/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $12,495

Min 5%50%

Mortgage payment$1,316/mo

↳ CMHC premium ($9,496 capitalized)

Property tax (est.)$146/mo

Condo fee$642/mo

Total monthly$2,104

Cash Needed to Close

Down payment (5%)$12,495

Land transfer tax$2,224

Est. closing costs$3,250

Total cash needed$17,969

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