1522 King St E 303
Kitchener, N2G 2P1
FOR SALE
$425,000
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Property Description
Calling all first-time homebuyers and investors! This delightful 2-bedroom, 1-bathroom apartment with one parking space included is ready to capture your attention. Step into a welcoming living space flooded with natural light, creating a warm and inviting atmosphere for relaxation or entertaining. The open concept kitchen is equipped with modern appliances and ample storage space, making meal preparation a breeze. Adjacent to the kitchen, a cozy dining area awaits, perfect for enjoying meals with loved ones or catching up on work. Situated in a convenient location, this apartment offers easy access to parks, shops, restaurants, public transportation, and easy highway access with nearby ramps for both HWY 7/8 and 401 making it an ideal choice for those seeking both comfort and convenience. Whether you're looking to take your first step into homeownership or seeking a lucrative investment opportunity, this apartment ticks all the boxes. Don't miss your chance schedule a showing today and make this gem yours!
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$2,387 (2024)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Bathroom | Main | 9.09' x 4.99' | |
| Br | Main | 13.19' x 10.24' | |
| Kitchen | Main | 16.27' x 11.94' | |
| Living | Main | 12.47' x 13.52' | |
| Prim Bdrm | Main | 13.19' x 12.43' |
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Kitchener Market Statistics
Kitchener Price Trend
1522 King St E 303 is a 2-bedroom 1-bathroom condo listed for sale at $425,000, which is $0 (0.0%) lower than the average sold price of $425,000 in the last 30 days (April 3 - May 2). During the last 30 days the average sold price for a 2 bedroom condo in Kitchener declined by $5,000 (1.2%) compared to the previous 30 day period (March 4 - April 2) and down $102,500 (19.4%) from the same time one year ago.Inventory Change
There were 13 2-bedroom condos listed in Kitchener over the last 30 days (April 3 - May 2), which is down 31.6% compared with the previous 30 day period (March 4 - April 2) and up 8.3% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Kitchener typically sold ($8,949) (2.1%) below asking price over the last 30 days (April 3 - May 2), which represents a $4,051 increase compared to the previous 30 day period (March 4 - April 2) and ($39,150) more 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 2-bedroom condos in Kitchener over the last 30 days (April 3 - May 2) stood at 92.3%, up from 68.4% over the previous 30 days (March 4 - April 2) and up from 66.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in Kitchener stood at 25 days when successfully sold over the last 30 days (April 3 - May 2), compared to 75 days before being removed from the market upon being suspended or terminated.Listing contracted with Trilliumwest Real Estate
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