19 Clarence Pl
Kitchener, N2H 2L1
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4 + 1
BEDROOMS4
BATHROOMS3 + 1
KITCHENS10 + 3
ROOMSX8198868
MLSIDContact Us
Property Description
This updated legal non-conforming fourplex in an excellent area offers a compelling investment opportunity. With features like a garage, two driveways, a steel roof, and three separate hydro meters, it boasts a phenomenal location and well-maintained units with great tenants. In-suite laundry is available in all the four units. The amazing property includes two 2-bedroom units, one 1-bedroom unit, and one bachelor unit. Tenants are responsible for their own hydro, and there are two driveways for convenience. Overall, this fourplex stands out as a great investment with numerous advantages in downtown core area, near shopping, businesses, restaurants & public transit.
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Property Features
Hospital, Library, Park, Public Transit, Rec Centre, School
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Property Details
Street
City
Property Type
Fourplex, 2 1/2 Storey
Approximate Sq.Ft.
2000-2500
Lot Size
50' x 63'
Fronting
South
Taxes
$4,897 (2023)
Basement
Part Bsmt
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Attached
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Kitchener Market Statistics
Kitchener Price Trend
19 Clarence Pl is a 4-bedroom 4-bathroom home listed for sale at $1,099,999, which is $10,001 (0.9%) lower than the average sold price of $1,110,000 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 4 bedroom home in Kitchener declined by $42,702 (3.7%) compared to the previous 30 day period (March 15 - April 13) and up $18,137 (1.7%) from the same time one year ago.Inventory Change
There were 74 4-bedroom homes listed in Kitchener over the last 30 days (April 14 - May 13), which is up 124.2% compared with the previous 30 day period (March 15 - April 13) and up 184.6% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Kitchener typically sold $9,249 (0.8%) above asking price over the last 30 days (April 14 - May 13), which represents a $10,503 increase compared to the previous 30 day period (March 15 - April 13) and $49,790 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 (April 14 - May 13) stood at 43.2%, down from 112.1% over the previous 30 days (March 15 - April 13) and down from 126.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Kitchener stood at 13 days when successfully sold over the last 30 days (April 14 - May 13), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with Berkshire Hathaway Homeservices West Realty
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