448 NEW DUNDEE ROAD, Kitchener

$7,499,999

For sale: Vacant Land

Vacant Land at 448 NEW DUNDEE ROAD, Kitchener
Property type
Vacant Land
MLS®
MLS® X13085028

Rare opportunity to acquire approx. 3.5 acres of development land in a desirable Kitchener location, with municipal approvals in place for a 26-unit residential strata community (14 detached, 12 semi-detached). Property is currently unserviced; water, sanitary sewer, and gas are available at the lot line. Buyer to complete their own due diligence regarding servicing, permits, costs, and timelines. Situated in a rapidly growing area with strong demand for new housing, this site offers convenient access to major roadways, established neighbourhoods, schools, parks, easy access to 401 highway and everyday amenities. An excellent opportunity for builders and developers seeking a well-located project with significant potential.

Sold data

Homes in Kitchener — recent sold market

Homes in Kitchener took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 38, across 512 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.

The median sale price was $649,000.

Homes sold for about 1.3% below asking on average, so there was room to negotiate.

About 37% of sales closed above the list price.

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

Median days to sell
22
Median sale price
$649,000
Sale-to-list ratio
98.7%
Sold above asking
37%

Based on 512 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 448 NEW DUNDEE ROAD