$219,900
For sale: Apartment

Excellent opportunity here. Priced well below market value. 1 bedroom unit on the top floor on the back side of the building, overlooking the trees - 19th floor, with amazing views. ****Buyer must assume the tenant (once buyer takes possession of the property you're free to serve notice for vacant possession). Tenant moved in March 2018 and is currently renting on a month-to-month basis at $1127/mth + hydro. ****This is the larger 1 bedroom unit, 800 sq/ft. Spacious and bright with in-suite laundry and one underground parking space. Condo fee includes water, fitness room, sauna, games room, meeting room and indoor pool. Extra parking spaces available for approx $80/month on a first-come first-serve basis (currently a waiting list). Meticulously maintained building recently updated with new windows and exterior concrete refurbishment.
Sold data
Apartment homes in Kitchener took a median of 51 days to sell over the last 90 days, with the quickest quarter selling within 25 days and the slowest quarter taking more than 85, across 53 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 92 days.
The median sale price was $325,000.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 15% of sales closed above the list price.
Around 26% of sellers reduced their price before finding a buyer.
Based on 53 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Kitchener has 66 Fraser Institute–rated schools (57 elementary and 9 secondary), averaging 5.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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