$1,499,000
For sale: Multiplex

Location.. Location.. Location.. A+++ An exceptional opportunity***Featuring existing Triplex and future potential development to build additional duplex or triplex or detached accessory dwelling unit or lot severance, possible additional residential units or redevelopment to achieve the highest and best use - All development concepts are subject to confirmation of current zoning, site suitability, servicing requirements and municipal approvals. This property boast a location that is becoming a trend near new developments, The LRT train connecting all students from 2 major universities and a college, Shopping and Recreational opportunities along with access to Highway 7/8 and connections to Highway 401**Whether your vision to occupy one unit, hold a multi-unit property, or investigate future developments, this property offers a compelling opportunity to plan for the years ahead.Bring your ideas and explore the possibilities...
Sold data
Multiplex homes in Kitchener took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 65, across 41 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 73 days.
The median sale price was $749,000.
Homes sold for about 3.6% below asking on average, so there was room to negotiate.
About 24% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
Based on 41 recorded sales in the last 1 year — 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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