$395,000

For sale

#D16 10 PALACE Street, Kitchener - Single Family for Sale

#D16 10 PALACE Street, Kitchener, Ontario, N2E0J3

2 beds2 baths1 parking821 ft²$345/mo condo feeListed 33 days ago

Overview

This 2-bedroom, 2-bathroom condo in Kitchener is for sale offering roughly 821 sq ft of space. Its $395,000 asking price sits right in line with the $399,500 median in Kitchener. It has been on the market 33 days, fresher than the Kitchener average of 53 days.

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Description

Welcome to 10 Palace. Beautiful modern condo complex conveniently located adjacent to Ottawa St and all it’s amenities. Sandwiched between two large parks. Nearby schools, shopping, restaurants and trails. Great location for any lifestyle. Very close to Hwy 8 access. This unit boasts easy access to your private entry and a patio for early morning coffee. A well lit entryway opens up to your open concept main living space and generous kitchen with lots of prep space and very modern finishes and stainless appliances. Modern lighting and 2 large bathrooms round out this two bedroom unit. In suite laundry is easily accessible and the oversize windows and patio give even more natural light. (id:66096)

Property Details

MLS®: 40866711
Property Type: Single Family
Zoning: M2
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 821 ft²
Year Built: 2023
Storeys: 0
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Open
Condo Fee: $345/mo
Ownership: Condo/Strata
Property Tax: $2,994.78/yr
Listed

Rooms

Main level

Bedroom: 16'6'' x 9'0''
Living room: 13'7'' x 10'9''
Kitchen: 15'11'' x 6'10''
Bedroom: 16'4'' x 8'4''
4pc Bathroom: 4'11'' x 7'2''
3pc Bathroom: 4'11'' x 6'8''

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

Features

Appliances: Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer, Window Coverings, Microwave Built-in
Exterior: Shingles
Lot Features: Balcony, No Pet Home

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

33d

Kitchener listings, avg age

53d

Price / ft²

$481

List price

$395K

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 33 days, which is 20 days fresher than the city average of 53. Act while there is still low competition.

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Listed by SHAW REALTY GROUP INC. · SHAW HASYJ

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2E)

This home lists at $395,000, about 4.2× the local median household income of $93,000.

Carrying it typically needs a household income of about $77,157 (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)

$395,000· $481/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,750

Min 5%50%

Mortgage payment$2,080/mo

↳ CMHC premium ($15,010 capitalized)

Property tax (est.)$250/mo

Condo fee$345/mo

Total monthly$2,675

Cash Needed to Close

Down payment (5%)$19,750

Land transfer tax$4,400

Est. closing costs$3,685

Total cash needed$27,835

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