$350,000

For sale

#806 1 VICTORIA Street South, Kitchener - Single Family for Sale

#806 1 VICTORIA Street South, Kitchener, Ontario, N2G1G1

1 bed1 bath1 parking680 ft²$614/mo condo feeListed 43 days ago

Overview

This 1-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 680 sq ft of space. Listed at $350,000, it is attractively priced about 12% below the $399,500 median asking price in Kitchener. It has been on the market 43 days, fresher than the Kitchener average of 54 days.

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Description

Experience modern downtown living in this bright and spacious 1-bedroom condo, located in one of Kitchener’s most sought-after buildings. With the LRT, GO Train, restaurants, parks, and cafés just steps away, this location offers unmatched convenience in the heart of the city’s tech district. Inside, the unit features a well-planned, open-concept layout that makes excellent use of space. Large windows fill the home with natural light and provide unobstructed city views, creating a warm and inviting atmosphere throughout. The living and dining area offers comfortable flexibility for day-to-day living, while the modern kitchen includes sleek cabinetry and quality appliances. The bedroom provides a quiet, comfortable retreat with room for a full furniture set, and the unit is complete with a stylish bathroom and in-suite laundry for added convenience. This highly regarded building offers great amenities, secure entry, and a vibrant urban lifestyle perfect for professionals, first-time buyers, or investors. With its functional layout, clean sightlines, and unbeatable DTK location, this condo delivers exceptional value and comfort. (id:66096)

Property Details

MLS®: 40865383
Property Type: Single Family
Zoning: D6
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 680 ft²
Storeys: 1
Style: Other
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Underground, None
Condo Fee: $614/mo
Fee Includes: Property Management, Heat, Water, Insurance, Parking
Ownership: Condo/Strata

Rooms

Main level

4pc Bathroom
Primary Bedroom: 10'1'' x 15'4''
Living room: 10'7'' x 13'3''
Kitchen: 10'7'' x 12'10''

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
Foundation: Poured Concrete
Exterior: Concrete
Lot Features: Balcony

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

43d

Kitchener listings, avg age

54d

Price / ft²

$515

List price

$350K

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 43 days, which is 11 days fresher than the city average of 54. Act while there is still low competition.

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Listed by RE/MAX Twin City Realty Inc. · STEFAN CUCAK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2G)

This home lists at $350,000, about 5.6× the local median household income of $62,400.

Carrying it typically needs a household income of about $68,367 (20% down, 25-yr amortization, stress-tested) — roughly 10% 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)

$350,000· $515/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,500

Min 5%50%

Mortgage payment$1,843/mo

↳ CMHC premium ($13,300 capitalized)

Property tax (est.)$267/mo

Condo fee$614/mo

Total monthly$2,725

Cash Needed to Close

Down payment (5%)$17,500

Land transfer tax$3,725

Est. closing costs$3,550

Total cash needed$24,775

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