151 Patricia Ave
Kitchener, N2M 1J5
FOR SALE
$815,000
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BEDROOMS3
BATHROOMS1 + 1
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Property Description
NEWLY UPDATED LEGAL DUPLEX - VACANT: Experience the charm of urban living in this thoughtfully updated duplex, ideally situated in central Kitchener's Cherry Hill neighborhood. Ideal for first-time buyers, savvy investors, and house hacking enthusiasts, this property offers a rare blend of substantial investment potential and refined living. This prime investment opportunity features 2 meticulously designed units that seamlessly combine comfort and functionality. The main level boasts a spacious 3-bedroom layout with kitchen, a 4-pce bath, inviting living and dining rooms, and the convenience of in-suite laundry. The lower unit with separate entrance, offers a versatile 3-bedroom layout, complete with an eat-in kitchen, both a 4-pce and a 3-pce bathroom, living room, and in-suite laundry. Outside, an expansive private backyard with mature trees, and no direct rear neighbours creates a serene environment for relaxation or entertaining. Additional highlights include a detached single garage with a storage/workshop area, a shed for extra storage, and parking for up to 4 vehicles, enhancing the property's practicality and appeal. Prime location: surrounded by numerous parks, the nearby Iron Horse Trail, restaurants, shopping centers and close proximity to schools. Just 5 minutes from Grand River Hospital and Google, 3 minutes from St. Mary's Hospital, and 10 minutes from the University of Waterloo and Wilfrid Laurier. Enjoy easy access to major highways, public transit and ION routes, and 7 minutes from the Kitchener GO Transit Station. Don't miss out this exceptional property won't last long!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-04-29 | 2022-07-18 | 80 | $699,900 | - | Terminated |
| 2023-01-12 | 2023-01-14 | 2 | $675,000 | $675,000 | Sold |
Extras
BASEMENT: FRIDGE, STOVE, DISHWASHER, WASHER & DRYER.
Property Features
Golf, Grnbelt/Conserv, Hospital, Lake/Pond, Library, Public Transit
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Property Details
Street
City
Property Type
Duplex, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
50' x 160'
Acreage
< .50
Lot Irregularities
165.47 ft x 52.09 ft x 160.38 ft x 50.35
Fronting
South
Taxes
$3,747 (2023)
Basement
Finished, Full
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 8.89' x 11.25' | |
| Dining | Main | 6.73' x 7.55' | |
| Kitchen | Main | 8.14' x 11.22' | |
| Living | Main | 16.99' x 11.35' | |
| Br | Main | 8.43' x 7.94' | |
| Prim Bdrm | Main | 12.20' x 11.35' | |
| Br | Bsmt | 15.65' x 5.51' | |
| Br | Bsmt | 7.55' x 10.63' | |
| Kitchen | Bsmt | 6.66' x 10.37' | |
| Living | Bsmt | 14.11' x 10.37' | |
| Prim Bdrm | Bsmt | 14.47' x 10.37' | |
| Utility | Bsmt | 10.24' x 4.76' |
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Kitchener Market Statistics
Kitchener Price Trend
151 Patricia Ave is a 3-bedroom 3-bathroom home listed for sale at $815,000, which is $34,290 (4.4%) higher than the average sold price of $780,710 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 3 bedroom home in Kitchener declined by $5,430 (0.7%) compared to the previous 30 day period (July 21 - August 19) and up $2,916 (0.4%) from the same time one year ago.Inventory Change
There were 91 3-bedroom homes listed in Kitchener over the last 30 days (August 20 - September 18), which is up 23.0% compared with the previous 30 day period (July 21 - August 19) and up 40.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Kitchener typically sold $11,734 (1.5%) above asking price over the last 30 days (August 20 - September 18), which represents a $5,575 increase compared to the previous 30 day period (July 21 - August 19) and $16,615 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 (August 20 - September 18) stood at 68.1%, down from 77.0% over the previous 30 days (July 21 - August 19) and up from 60.0% 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 18 days when successfully sold over the last 30 days (August 20 - September 18), compared to 46 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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