$385,000

For sale

#H 242 Rachel Crescent, Kitchener - Single Family for Sale

#H 242 Rachel Crescent, Kitchener, Ontario, N2R0E1

2 beds1 bath1 parking950 ft²$215/mo condo feeListed 32 days ago

Overview

This 2-bedroom, 1-bathroom condo in Kitchener is for sale offering roughly 950 sq ft of space. Its $385,000 asking price sits right in line with the $399,500 median in Kitchener. It has been on the market 32 days, fresher than the Kitchener average of 53 days.

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Description

Welcome to 242 Rachel Crescent in Kitchener, a bright and stylish 2-bedroom, 1-bathroom condo offering a wonderful opportunity for first-time buyers, empty nesters, or anyone looking for comfortable, low-maintenance living.This thoughtfully designed open-concept layout features a spacious living and dining area that flows seamlessly into the modern kitchen, complete with granite countertops, stainless steel appliances, and a convenient island-perfect for meal preparation and casual dining. Dark laminate flooring runs throughout the main living areas, creating a modern and cohesive feel.The spacious primary bedroom provides a comfortable retreat, while the second bedroom offers excellent flexibility as a guest room, home office, or additional living space. The well-appointed four-piece bathroom features a relaxing soaker tub. Enjoy one premium corner parking space, low condo fees, and the added convenience of an owned water heater and water softener with no rental contracts.The location offers an active and convenient lifestyle, with parks, forests, walking and cycling trails nearby. Shopping, restaurants, public transit, schools, and everyday amenities are all just minutes away. Move-in ready, this condo is ready to welcome you home. Contact your Realtor today to book a private showing! (id:66096)

Property Details

MLS®: X13858694
Property Type: Single Family
Zoning: R8
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $215/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,836/yr
Listed: 32 days ago

Rooms

Main level

Bedroom: 3.15 x 4.67 meters
Bedroom 2: 2.71 x 3.35 meters
Kitchen: 3.31 x 3.53 meters
Dining room: 2.76 x 2.93 meters
Living room: 4.97 x 3.8 meters
Laundry room: 1.61 x 2.37 meters
Bathroom: 3.15 x 1.49 meters

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, Microwave, Water Heater - Tankless, Water Heater
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

32d

Kitchener listings, avg age

53d

Price / ft²

$405

List price

$385K

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 32 days, which is 21 days fresher than the city average of 53. Act while there is still low competition.

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Listed by RE/MAX A-B Realty Ltd · LAURITA ALMEIDA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2R)

This home lists at $385,000, about 3.3× the local median household income of $116,000.

Carrying it typically needs a household income of about $75,204 (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)

$385,000· $405/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,250

Min 5%50%

Mortgage payment$2,028/mo

↳ CMHC premium ($14,630 capitalized)

Property tax (est.)$236/mo

Condo fee$215/mo

Total monthly$2,479

Cash Needed to Close

Down payment (5%)$19,250

Land transfer tax$4,250

Est. closing costs$3,655

Total cash needed$27,155

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