111 Lancaster St E
Kitchener, N2H 1M7
FOR SALE
$825,000
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Property Description
Located in the heart of downtown Kitchener, this beautifully updated home is a legal duplex with an additional non-conforming unit, perfect for both homebuyers and investors. The property exudes urban charm, featuring a spacious front porch and well-maintained gardens. With 1,991 square feet of interior space, it includes three kitchens, two living rooms, three generously sized bedrooms, and three full bathrooms. Inside, you'll discover exquisite finishes, elegant fixtures, abundant natural light, and soothing tones throughout. Highlights include a front balcony off the second floor, a fully fenced yard, two back porches, and ample parking. Ideally situated, this home provides easy access to Victoria Park, the Kitchener Market, The Aud, Civic Centre, and all the amenities of downtown Kitchener, along with Highway 7/8 and public transit, making it an excellent choice for those seeking convenience and community appeal.
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Property Details
Street
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Irregularities
48.08 x 115.60 x 66.11 x 73.93
Fronting
West
Taxes
$3,144 (2024)
Basement
Unfinished
Exterior
Stucco/Plaster
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 11.84' x 13.09' | |
Kitchen | Main | 17.42' x 9.74' | |
Br | Main | 20.08' x 11.52' | |
Bathroom | Main | 3.51' x 6.82' | 3 Pc Bath |
Kitchen | Main | 6.76' x 7.25' | Eat-In Kitchen, Skylight, Sliding Doors |
Bathroom | Main | 4.00' x 7.74' | 3 Pc Bath |
2nd Br | Main | 10.60' x 8.92' | |
Living | Main | 11.84' x 13.09' | Combined W/Dining |
Bathroom | 2nd | 6.59' x 8.99' | 3 Pc Bath |
Living | 2nd | 14.99' x 20.34' | Combined W/Dining, Fireplace, Cathedral Ceiling |
3rd Br | 2nd | 16.24' x 10.66' | |
Kitchen | 2nd | 10.93' x 10.07' |
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Kitchener Market Statistics
Kitchener Price Trend
111 Lancaster St E is a 3-bedroom 3-bathroom home listed for sale at $825,000, which is $62,111 (8.1%) higher than the average sold price of $762,889 in the last 30 days (October 15 - November 13). During the last 30 days the average sold price for a 3 bedroom home in Kitchener increased by $362 (0.0%) compared to the previous 30 day period (September 15 - October 14) and up $1,799 (0.2%) from the same time one year ago.Inventory Change
There were 70 3-bedroom homes listed in Kitchener over the last 30 days (October 15 - November 13), which is down 19.5% compared with the previous 30 day period (September 15 - October 14) and up 20.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Kitchener typically sold ($2,295) (0.3%) below asking price over the last 30 days (October 15 - November 13), which represents a $7,122 decrease compared to the previous 30 day period (September 15 - October 14) and $13,526 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 3-bedroom homes in Kitchener over the last 30 days (October 15 - November 13) stood at 91.4%, up from 63.2% over the previous 30 days (September 15 - October 14) and up from 91.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Kitchener stood at 30 days when successfully sold over the last 30 days (October 15 - November 13), compared to 56 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Twin City Realty Inc.
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