$409,900

For sale

#B1 10 PALACE Street, Kitchener - Single Family for Sale

#B1 10 PALACE Street, Kitchener, Ontario, N2E0J3

2 beds2 baths1 parking$391/mo condo feeListed 10 days ago

Overview

This 2-bedroom, 2-bathroom condo in Kitchener is for sale. Its $409,900 asking price sits right in line with the $399,500 median in Kitchener. It has been on the market 10 days, fresher than the Kitchener average of 54 days.

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Description

This is the largest one level unit at Parkside Urban Towns! The 'Tanner' was a one-off due to the irregular corner restrictions of the development. The bonus for you? A huge living room/ kitchen area with 9' ceilings as well as the largest master suite and walk-in closet offered. Ideal for individuals or small families seeking urban convenience without sacrificing style. Upon entry, you discover an luminous living and kitchen area featuring upgraded stainless steel appliances and an elegant breakfast island featuring beautiful stone countertops. This cozy living space is large enough to hold a full sized sectional and TV unit fostering a cozy and inviting atmosphere. Down the hall past the in-suite laundry and nicely finished 4 piece bathroom, you'll find the two bedrooms offering even more space then other units with sunlight from the south-western exposure. The primary suite also features its own 3 piece ensuite, and did I mention the walk-in closet?? It is sure to impress! Situated in a vibrant neighborhood with tons of amenities and easy access to public transportation, this condo presents an unparalleled fusion of contemporary lifestyle and urban accessibility. Don't miss this opportunity! (id:66096)

Property Details

MLS®: 40873932
Property Type: Single Family
Zoning: mix3
Bedrooms: 2
Beds (above / below): 0 above · 2 below
Bathrooms: 2
Parking: 1
Storeys: 0
Basement: None
Heating: Heat Pump, Forced air
Cooling: Central air conditioning
Garage: Open
Condo Fee: $391/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,120/yr
Listed: 10 days ago

Rooms

Lower level

3pc Ensuite bath
Primary Bedroom: 10'6'' x 16'7''
Bedroom: 12'1'' x 12'10''
4pc Bathroom
Living room: 13'11'' x 10'4''
Eat in kitchen: 12' x 15'10''

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 Built-in
Exterior: Brick
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

10d

Kitchener listings, avg age

54d

List price

$410K

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 2-bed single family in Kitchener has been listed for 10 days, which is 44 days fresher than the city average of 54. Act while there is still low competition.

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Listed by Royal LePage Wolle Realty · MIKE HARVEY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2E)

This home lists at $409,900, about 4.4× the local median household income of $93,000.

Carrying it typically needs a household income of about $80,068 (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)

$409,900

For sale

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Full Cost Breakdown

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Down Payment5% · $20,495

Min 5%50%

Mortgage payment$2,159/mo

↳ CMHC premium ($15,576 capitalized)

Property tax (est.)$260/mo

Condo fee$391/mo

Total monthly$2,810

Cash Needed to Close

Down payment (5%)$20,495

Land transfer tax$4,673

Est. closing costs$3,730

Total cash needed$28,898

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