227 Fairway Rd N
Kitchener, N2A 2N7
FOR SALE
$649,900
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2
BEDROOMS2
BATHROOMS2
KITCHENS10 + 1
ROOMSX11977710
MLSIDContact Us
Property Description
Excellent opportunity to own a fully LEGAL side-by-side DUPLEX in a prime neighbourhood. Both units are vacant and ready for you to set market rents with tenants of your choosing.Situated on a large corner lot, the property offers ample parking, a spacious backyard, and two well-maintained units. Unit A offers 1 bedroom + den, while Unit B is a bright and roomy1-bedroom unitboth featuring updated kitchens and 4-piece bathrooms, neutral paint, and upgraded flooring throughout. Large windows invite plenty of natural light, creating a warm andinviting living spaces. Each unit has separate hydro and water meters, while shared laundry is conveniently located in the semi-finished basement. Ideal for investors or those looking tolive in one unit while renting the other. Conveniently located in a great neighbourhood close to schools, shopping, transit, parks, and more. Don't miss this incredible opportunitybookyour showing today! RSA*
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-08-05 | 2024-09-18 | 44 | $694,900 | - | Terminated |
Property Features
Other, Park, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
60' x 71'
Acreage
< .50
Lot Irregularities
60.09 x 71.32 x 60.08 x 72.40 ft
Fronting
East
Taxes
$3,742 (2024)
Basement
Full, Unfinished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Pvt Double
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 11.15' x 13.68' | |
| Living | Main | 11.42' x 11.15' | |
| Br | 2nd | 11.25' x 11.52' | |
| Bathroom | 2nd | 6.56' x 7.58' | 4 Pc Bath |
| Kitchen | Main | 11.52' x 11.42' | |
| Living | Main | 10.99' x 11.32' | |
| Sunroom | Main | 7.68' x 5.09' | |
| Br | 2nd | 7.84' x 11.84' | |
| Den | 2nd | 8.99' x 11.52' | |
| Bathroom | 2nd | 7.15' x 10.17' | 4 Pc Ensuite |
| Laundry | Bsmt | 21.10' x 18.34' |
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Kitchener Market Statistics
Kitchener Price Trend
227 Fairway Rd N is a 2-bedroom 2-bathroom home listed for sale at $649,900, which is $7,900 (1.2%) higher than the average sold price of $642,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in Kitchener declined by $15,500 (2.4%) compared to the previous 30 day period (December 22 - January 20) and down $88,000 (12.1%) from the same time one year ago.Inventory Change
There were 8 2-bedroom homes listed in Kitchener over the last 30 days (January 21 - February 19), which is up 60.0% compared with the previous 30 day period (December 22 - January 20) and up 166.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Kitchener typically sold $41,000 (6.4%) above asking price over the last 30 days (January 21 - February 19), which represents a $45,000 increase compared to the previous 30 day period (December 22 - January 20) and ($8,000) 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 homes in Kitchener over the last 30 days (January 21 - February 19) stood at 62.5%, down from 120.0% over the previous 30 days (December 22 - January 20) and down from 266.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Kitchener stood at 11 days when successfully sold over the last 30 days (January 21 - February 19), compared to 0 days before being removed from the market upon being suspended or terminated.Listing contracted with Rock Star Real Estate Inc.
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