17 Peter St 5
Kitchener, N2G 3J5
FOR SALE
$399,999
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Property Description
Attention homebuyers and investors alike! If you are looking for an affordable, brand new, never lived in condo in the heart of Downtown Kitchener, then look no further! Welcome to "The Elwood" Floor plan in the beautifully constructed Cedar Hill condo building. This interior main floor unit features 560 square feet of beautifully finished living space, 1 Bedroom, 1 Bathroom, Open concept kitchen/living area, full stainless steel appliance package, quartz countertops, kitchen island, tons of natural light, 1 surface parking spot and all finishes and upgrades already INCLUDED in the price. Rates are coming down and now is the time to buy. This development consists of 10 brand new condo units built by Welcome Home Construction. Other One/Two Bedroom units also available. Welcome Home Construction have over 20 years of experience, AND are a fully licensed Tarion Builder. All photos are of the model suite.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-17 | 2024-06-21 | 35 | $399,888 | - | Terminated |
| 2023-11-27 | 2024-03-07 | 104 | $449,888 | - | Suspended |
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Basement
None
Exterior
Stone, Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned
Garage Type
Surface
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 8.92' x 14.40' | |
| Living | Main | 10.66' x 11.15' | |
| Prim Bdrm | Main | 10.24' x 10.66' | |
| Bathroom | Main | 8.92' x 4.99' | 4 Pc Bath |
| Utility | Main | 4.76' x 9.09' |
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Kitchener Market Statistics
Kitchener Price Trend
17 Peter St 5 is a 1-bedroom 1-bathroom condo listed for sale at $399,999, which is $15,001 (3.6%) lower than the average sold price of $415,000 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 1 bedroom condo in Kitchener increased by $35,500 (9.4%) compared to the previous 30 day period (July 22 - August 20) and down $47,142 (10.2%) from the same time one year ago.Inventory Change
There were 18 1-bedroom condos listed in Kitchener over the last 30 days (August 21 - September 19), which is up 28.6% compared with the previous 30 day period (July 22 - August 20) and down 48.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Kitchener typically sold ($9,900) (2.4%) below asking price over the last 30 days (August 21 - September 19), which represents a $3,750 decrease compared to the previous 30 day period (July 22 - August 20) and $4,628 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 1-bedroom condos in Kitchener over the last 30 days (August 21 - September 19) stood at 38.9%, down from 100.0% over the previous 30 days (July 22 - August 20) and up from 20.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Kitchener stood at 28 days when successfully sold over the last 30 days (August 21 - September 19), compared to 89 days before being removed from the market upon being suspended or terminated.Listing contracted with Coldwell Banker Neumann Real Estate
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