$279,900

For sale

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#8B 38 Howe Drive, Kitchener - Single Family for Sale

#8B 38 Howe Drive, Kitchener, Ontario, N2E0E3

1 bed1 bath1 parking ft²

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Listed by Re/Max Real Estate Centre Inc.

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#1304 1 Victoria Street South, Kitchener, Ontario, N2G0B5

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Today

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Listed by RE/MAX TWIN CITY REALTY INC.

Investment analysis

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$279,900

Kitchener

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Overview

This 1-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 650 sq ft of space. Listed at $279,900, it is attractively priced about 30% below the $399,500 median asking price in Kitchener. It has been on the market 12 days, fresher than the Kitchener average of 53 days.

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

Description

One bedroom unit located in a great neighborhood in the Laurentian Hills. This unit offers an open concept layout. The Walk-Out will lead to a private terrance with Green Space. Large bedroom, Spacious bathroom, and lots of storage. This is the property for the first time buyers or a busy person, Located conveniently close to all amenities and just minutes to the highways. Its more than just a condo... its a lifestyle (id:66096)

Property Details

MLS®: X14110256
Property Type: Single Family
Zoning: RESIDENTIAL
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $214/mo
Fee Includes: Insurance
Ownership: Condo/Strata
Property Tax: $2,240/yr
Listed: 12 days ago

Market Timing

Days on market

12d

Kitchener listings, avg age

53d

Price / ft²

$431

List price

$280K

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 (N2E)

This home lists at $279,900, about 3.0× the local median household income of $93,000.

Carrying it typically needs a household income of about $54,674 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $93,000
Population: 40,428
Median age: 36.4
Owner / renter: 66% / 34%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA N2E)

$279,900· $431/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $13,995

Min 5%50%

Mortgage payment$1,474/mo

↳ CMHC premium ($10,636 capitalized)

Property tax (est.)$187/mo

Condo fee$214/mo

Total monthly$1,875

Cash Needed to Close

Down payment (5%)$13,995

Land transfer tax$2,674

Est. closing costs$3,340

Total cash needed$20,009

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

#8B 38 Howe Drive, Kitchener - Single Family for Sale

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Neighbourhood profile (N2E)

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