18 FALESY AVENUE, Kitchener

$529,900

For sale: Detached

Detached at 18 FALESY AVENUE, Kitchener
Property type
Detached
Bedrooms / bathrooms
2 bedrooms, 2 bathrooms
Living area
1,100 sqft
MLS®
MLS® X14120222

Attention Investors, Contractors, Flippers & First-Time Home Buyers! Welcome to 18 Falesy Ave, a detached bungalow situated in a desirable and established Kitchener neighbourhood. Offering plenty of potential and an opportunity to add value, this property is ready for your vision and personal touch. The main floor features 2 comfortable bedrooms and a full 4-piece bathroom. The basement provides additional usable space with a family room with fireplace and a large recreation room and convenient 2-piece bathroom, offering flexibility for a variety of future uses. Whether you're looking to renovate and flip, explore a multi-unit conversion, or create your ideal starter home, this property presents an exciting opportunity. Take advantage of Kitchener's updated zoning regulations, which may permit up to 4 residential units on a qualifying lot. Subject to applicable requirements and municipal approvals, buyers may wish to explore possibilities such as a fourplex conversion or an additional residential unit in the backyard. Offered "AS-IS", the property requires some TLC but offers significant potential for the right buyer. Conveniently located near amenities and commuter routes, this could be an excellent opportunity for homeowners and investors alike. Buyer Due Diligence: Buyers are responsible for conducting their own due diligence and confirming all zoning, multi-unit development and permit possibilities directly with the City of Kitchener. The Seller and Listing Brokerage make no representations or warranties, expressed or implied, regarding the feasibility, zoning, or approval of any development or conversion of the property. Don't miss this opportunity to unlock the potential of 18 Falesy Ave. Schedule your private showing today!

Sold data

Detached homes in Kitchener — recent sold market

Detached homes in Kitchener took a median of 18 days to sell over the last 90 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 32, across 277 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 30 days.

The median sale price was $700,000.

Homes sold for about 1.1% below asking on average, so there was room to negotiate.

About 38% of sales closed above the list price.

Around 17% of sellers reduced their price before finding a buyer.

Median days to sell
18
Median sale price
$700,000
Sale-to-list ratio
98.9%
Sold above asking
38%

Based on 277 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Kitchener

Kitchener has 66 Fraser Institute–rated schools (57 elementary and 9 secondary), averaging 5.8/10.

Rated schools
66
Elementary
57
Secondary
9
Average rating
5.8 / 10

Top-rated schools in Kitchener

  • David Saint-Jacques — secondaryFraser rating 8.4/10
  • St. Josephine Bakhita — elementaryFraser rating 7.9/10
  • J W Gerth — elementaryFraser rating 7.7/10
  • Pope John Paul II — elementaryFraser rating 7.6/10
  • St Teresa — elementaryFraser rating 7.6/10
  • Cameron Heights — secondaryFraser rating 7.5/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 18 FALESY AVENUE