$350,000

For sale

#A13 361 LANCASTER Street West, Kitchener - Single Family for Sale

#A13 361 LANCASTER Street West, Kitchener, Ontario, N2H4V4

1 bed2 baths1 parking797 ft²$357/mo condo feeListed 14 days ago

Overview

This 1-bedroom, 2-bathroom condo in Kitchener is for sale offering roughly 797 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 14 days, fresher than the Kitchener average of 53 days.

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Description

Welcome to Unit A13 at 361 Lancaster Street West! With 2 above-grade storeys, this beautifully maintained, move-in-ready condo offers the perfect blend of modern comfort and effortless low maintenance living. Step into this inviting home featuring an open-concept kitchen and living area, perfect for relaxing or entertaining. This level also includes a convenient powder room for guests and direct access to your private balcony. Head upstairs to find a serene bedroom retreat with its own second private balcony, a full 4-piece bathroom, and dedicated upper-floor laundry for ultimate everyday convenience. Enjoy the added value of included appliances and low condo fees. An unbeatable central location just minutes from Uptown Waterloo, Downtown Kitchener, everyday shopping, dining, and easy expressway access, this is a fantastic opportunity for first time buyers, downsizers, or investors looking for turnkey convenience! (id:66096)

Property Details

MLS®: 40871230
Property Type: Single Family
Zoning: RES-5
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 797 ft²
Year Built: 2017
Storeys: 3
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Open
Condo Fee: $357/mo
Fee Includes: Landscaping, Insurance, Parking
Ownership

Rooms

Third level

Utility room: 5'2'' x 5'4''
4pc Bathroom: 5'2'' x 9'8''
Primary Bedroom: 14'7'' x 15'4''

Second level

Living room: 17'9'' x 15'4''
Kitchen: 8'9'' x 9'7''
2pc Bathroom: 5'2'' x 5'5''

Main level

Foyer: 4'11'' x 5'8''

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
Exterior: Brick, Vinyl siding
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

14d

Kitchener listings, avg age

53d

Price / ft²

$439

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 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 ROYAL LEPAGE CROWN REALTY SERVICES INC. · DUSTIN FORRESTER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2H)

This home lists at $350,000, about 4.8× the local median household income of $73,500.

Carrying it typically needs a household income of about $68,367 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $73,500
Population: 22,456
Median age: 38.4
Owner / renter: 49% / 51%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA N2H)

$350,000· $439/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.)$250/mo

Condo fee$357/mo

Total monthly$2,450

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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