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$369,999

For saleJust listed

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#G 1692 FISCHER HALLMAN Road, Kitchener - Single Family for Sale

#G 1692 FISCHER HALLMAN Road, Kitchener, Ontario, N2R0J1

2 beds bath

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#15b 388 old huron Road, Kitchener, Ontario, N2R0J6

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Listed by GLOBAL PLATINUM REALTY INC.

#515 1100 Lackner Place, Kitchener, Ontario, N2A0L3

For saleJust listed

Today

$366K

#515 1100 Lackner Place, Kitchener, Ontario, N2A0L3

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Listed by RE/MAX REAL ESTATE CENTRE INC.

#107 741 KING Street West, Kitchener, Ontario, N2G1E5

For saleJust listed

Today

$280K

#107 741 KING Street West, Kitchener, Ontario, N2G1E5

1 ba457 ft²+$357/mo

Listed by Real Broker Ontario Ltd.

Investment analysis

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$369,999

Kitchener

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Overview

This 2-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 963 sq ft of space. Listed at $369,999, it is attractively priced about 7% below the $399,900 median asking price in Kitchener. It has been on the market 0 days, fresher than the Kitchener average of 53 days.

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

Description

Airbnb-Ready Condo - Ideal for First-Time Buyers or Investors This fully furnished condo is Airbnb-ready and equipped with smart features, including a Wi-Fi-enabled door lock, smart lighting, and a smart thermostat. Designed for efficiency and convenience, the unit features a high-efficiency tankless water heater. With strong income potential, this property has the opportunity to generate positive cash flow and may effectively help cover its own expenses. The unit is currently vacant and available for immediate possession and quick closing. (id:66096)

Property Details

MLS®: 40875876
Property Type: Single Family
Zoning: RESIDENTIAL
Bedrooms: 2
Beds (above / below): 0 above · 2 below
Bathrooms: 1
Parking: 1
Interior Size: 963 ft²
Year Built: 2015
Storeys: 1
Style: Other
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Open, None
Condo Fee: $228/mo
Fee Includes: Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,980.72/yr
Listed: Today

Market Timing

Days on market

Kitchener listings, avg age

53d

Price / ft²

$384

List price

$370K

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 (N2R)

This home lists at $369,999, about 3.2× the local median household income of $116,000.

Carrying it typically needs a household income of about $72,274 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $116,000
Population: 18,445
Median age: 32.8
Owner / renter: 80% / 20%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA N2R)

$369,999· $384/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,499.95

Min 5%50%

Mortgage payment$1,949/mo

↳ CMHC premium ($14,060 capitalized)

Property tax (est.)$248/mo

Condo fee$228/mo

Total monthly$2,425

Cash Needed to Close

Down payment (5%)$18,500

Land transfer tax$4,025

Est. closing costs$3,610

Total cash needed$26,135

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

Open houses

#G 1692 FISCHER HALLMAN Road, Kitchener - Single Family for Sale

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