$529,000
For sale: Apartment

SELLERS WILL PAY $1,500/MONTH TOWARD YOUR MORTGAGE FOR 2 YEARS!! Stylish Downtown Boutique Living at OTIS ON THE PARC - 51 David St. Unit #207. A contemporary gem that pays tribute to Downtown Kitchener's most desirable neighbourhood - Victoria Park - with thoughtful architecture and stunning views. This FULLY FURNISHED, modern 1,348 sq. ft. two-story unit offers an open concept design and the perfect blend of stylish finishes and functional living. The spacious main level includes a cozy living area, a fully equipped sleek kitchen featuring a large island perfect for entertaining, a convenient 2-piece bathroom and a functional laundry room. Enjoy your morning coffee on the private balcony with views of Victoria Park, nature and downtown. Upstairs, you'll find two large bedrooms, each with their own spacious closets and private ensuite baths. This boutique condo boasts controlled entry, elevators, and an industrial water softener ensuring your comfort and peace of mind. High-speed internet and indoor parking is included, with one dedicated spot in the highly innovative, state-of-the-art underground, stacked parking garage providing safe and luxurious storage for your vehicle that can be controlled with your smart phone. Whether you're a first-time buyer, downsizer, or city enthusiast, this home checks all the boxes. Otis is perfectly located within steps of anything you will ever need, downtown Kitchener's vibrant amenities, including trendy restaurants and entertainment, shops, parks, transit, schools and business centers. Don't miss out, this unit even comes fully furnished!!
Sold data
Apartment homes in Kitchener took a median of 45 days to sell over the last 90 days, with the quickest quarter selling within 27 days and the slowest quarter taking more than 83, across 46 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 100 days.
The median sale price was $319,450.
Homes sold for about 3.5% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 37% of sellers reduced their price before finding a buyer.
Based on 46 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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