127 Mill St
Kitchener, N2M 3P7
FOR SALE
$750,000
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4
BEDROOMS2
BATHROOMS2
KITCHENS10 + 1
ROOMSX9309391
MLSIDContact Us
Property Description
This legal duplex with R-2 zoning is the property you've been waiting for! A stunning, solid brick home, its ideally situated within walking distance of St. Mary's Hospital, bus and LRT stations, and all the vibrant amenities of Downtown Kitchener. Both units have been beautifully renovated. The property features a spacious 3-bedroom apartment on the second level, which includes three bright bedrooms (one currently used as a living room), a dining room, kitchen, and a 4-piece bathroom. The main level hosts a cozy 1-bedroom apartment with a 3-piece bathroom and an open-concept kitchen, dining, and living area. The large backyard is perfect for family gatherings, and there's ample parking with space for up to 4 cars in the garage and driveway. Above the garage, you will find an additional space that could serve as a workshop or be converted into a charming office with its own deck. With potential to add a third unit in the basement, this property offers endless possibilities. Whether you're looking to live in one unit and rent out the other or seeking a lucrative investment property, this is a fantastic addition to any real estate portfolio!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-17 | 2024-07-31 | 44 | $750,000 | - | Suspended |
| 2024-05-03 | 2024-06-17 | 45 | $800,000 | - | Suspended |
Property Features
Place Of Worship, Public Transit, School, School Bus Route
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Property Details
Street
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
40' x 100'
Acreage
< .50
Fronting
North
Taxes
$3,321 (2023)
Basement
Part Fin, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Front Yard
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | 2nd | 109.48' x 9.15' | |
| Kitchen | 2nd | 14.30' x 6.56' | |
| Bathroom | 2nd | 6.43' x 7.22' | 4 Pc Bath |
| Prim Bdrm | 2nd | 11.06' x 11.22' | |
| 2nd Br | 2nd | 6.56' x 14.01' | |
| 3rd Br | Main | 10.99' x 8.86' | |
| Kitchen | Main | 14.30' x 8.69' | |
| Bathroom | Main | 5.48' x 6.27' | 3 Pc Bath |
| Den | Bsmt | 18.31' x 10.50' |
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Kitchener Market Statistics
Kitchener Price Trend
127 Mill St is a 4-bedroom 2-bathroom home listed for sale at $750,000, which is $200,675 (21.1%) lower than the average sold price of $950,675 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 4 bedroom home in Kitchener declined by $2,005 (0.2%) compared to the previous 30 day period (July 21 - August 19) and down $98,525 (9.4%) from the same time one year ago.Inventory Change
There were 50 4-bedroom homes listed in Kitchener over the last 30 days (August 20 - September 18), which is up 8.7% compared with the previous 30 day period (July 21 - August 19) and up 61.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Kitchener typically sold $8,274 (0.9%) above asking price over the last 30 days (August 20 - September 18), which represents a $17,749 increase compared to the previous 30 day period (July 21 - August 19) and $38,532 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 (August 20 - September 18) stood at 62.0%, down from 89.1% over the previous 30 days (July 21 - August 19) 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 2-bathroom home in Kitchener stood at 17 days when successfully sold over the last 30 days (August 20 - September 18), compared to 32 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Home Group Realty
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