$390,000

For sale

#P10 25 PALACE Street, Kitchener - Single Family for Sale

#P10 25 PALACE Street, Kitchener, Ontario, N2E0L3

2 beds2 baths1 parking906 ft²$261/mo condo feeListed 13 days ago

Overview

This 2-bedroom, 2-bathroom condo in Kitchener is for sale offering roughly 906 sq ft of space. Its $390,000 asking price sits right in line with the $399,500 median in Kitchener. It has been on the market 13 days, fresher than the Kitchener average of 53 days.

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Description

Welcome to this brand new condominium townhome in Kitchener's beautiful Parkside community, where convenience and community intertwine to create a haven for everyday living. Nestled next to this family-centric neighborhood are the expanses of McLennan Park and Elmsdale Park, offering a tranquil escape or variety of outdoor activities. Within this main level unit, discover a meticulously crafted single-storey space spanning 920 square feet. Enjoy the expanse of two generously proportioned bedrooms with 2 bathrooms, as well as an ample living room, dining room, & kitchen. The primary bedroom enjoys the privacy of an ensuite bathroom with shower, and 2nd bedroom boasts its own balcony allowing ample natural light. Venturing beyond the neighbourhood is effortless, with a two-minute drive to HWY 7/8, granting seamless access for commuters. Should you prefer the convenience of public transit, an onsite stop is just outside your doorstep, ensuring smooth journeys to any destination. Just a 5 minute walk away sits Laurentian Power Centre, boasting an array of amenities to cater to your every need. From a large Zehrs grocery store to home improvement essentials at Lowes, and healthcare services at the walk-in clinic, every convenience is within easy reach. (id:66096)

Property Details

MLS®: 40873041
Property Type: Single Family
Zoning: M2
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 906 ft²
Storeys: 2
Style: Other
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Garage: Open
Condo Fee: $261/mo
Ownership: Condo/Strata
Property Tax: $3,060/yr
Listed

Rooms

Second level

Bedroom: 9'1'' x 10'6''
3pc Ensuite bath
Primary Bedroom: 12'7'' x 9'1''
4pc Bathroom
Laundry room
Living room/Dining room: 13'10'' x 10'6''
Kitchen: 10'8'' x 10'0''

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: Concrete, Vinyl siding, Brick Veneer
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

13d

Kitchener listings, avg age

53d

Price / ft²

$430

List price

$390K

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 13 days, which is 40 days fresher than the city average of 53. Act while there is still low competition.

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Listed by Condo Culture Inc. - Brokerage 2 · ROBERT MCFEE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2E)

This home lists at $390,000, about 4.2× the local median household income of $93,000.

Carrying it typically needs a household income of about $76,181 (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)

$390,000· $430/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,500

Min 5%50%

Mortgage payment$2,054/mo

↳ CMHC premium ($14,820 capitalized)

Property tax (est.)$255/mo

Condo fee$261/mo

Total monthly$2,570

Cash Needed to Close

Down payment (5%)$19,500

Land transfer tax$4,325

Est. closing costs$3,670

Total cash needed$27,495

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