103 Vicmount Dr
Kitchener, N2M 2A2
FOR SALE
$819,900
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4 + 1
BEDROOMS3
BATHROOMS2 + 1
KITCHENS10 + 5
ROOMSX11993669
MLSIDContact Us
Property Description
Great Investment Opportunity in Kitchener's Desirable West End! Welcome to 103 Vicmount, a purpose-built triplex offering tremendous income potential! This spacious property features a wide lot, perfect for future expansion with the possibility of adding accessory units to maximize your return on investment. Each open-concept unit is generously sized, providing a functional and comfortable space that tenants will love. The added convenience of being close to transit and grocery stores makes this location even more attractive. With immediate rental income and the long-term appreciation potential in Kitchener-Waterloo's dynamic real estate market, this property is an incredible opportunity for savvy investors. Whether you're seeking to grow your portfolio or live in one unit while renting out the others, this versatile property checks all the boxes. Don't miss out - book your showing today!
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Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
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Property Details
Street
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
63' x 110'
Fronting
South
Taxes
$5,257 (2024)
Basement
Finished, Full
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Garage Type
None
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Kitchener Market Statistics
Kitchener Price Trend
103 Vicmount Dr is a 4-bedroom 3-bathroom home listed for sale at $819,900, which is $210,100 (20.4%) lower than the average sold price of $1,030,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Kitchener increased by $15,625 (1.5%) compared to the previous 30 day period (December 22 - January 20) and up $186,760 (22.1%) from the same time one year ago.Inventory Change
There were 38 4-bedroom homes listed in Kitchener over the last 30 days (January 21 - February 19), which is up 40.7% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Kitchener typically sold ($26,300) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $15,528 decrease compared to the previous 30 day period (December 22 - January 20) and $2,761 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Kitchener over the last 30 days (January 21 - February 19) stood at 39.5%, down from 44.4% over the previous 30 days (December 22 - January 20) and down from 80.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Kitchener stood at 43 days when successfully sold over the last 30 days (January 21 - February 19), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Wolle Realty
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