227 Fairway Rd N
Kitchener, N2A 2N7
FOR SALE
$660,000
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2
BEDROOMS2
BATHROOMS2
KITCHENS10 + 1
ROOMSX9357403
MLSIDContact Us
Property Description
Great opportunity to own this fully LEGAL side by side DUPLEX. Both units are vacant and ready for you to set market rents! Situated on a large corner lot with ample parking and spacious backyard, this very well maintained property offers two units with updated kitchens and 4PC bathrooms in each. Unit A is a 1 Bedroom + Den, while Unit B is a 1 bedroom unit. Both units are bright and inviting with large windows, neutral paint and updated flooring throughout. The property is equipped with separate hydro meters and is separate metered for water. Laundry is shared in the semi-finished basement. Set in a prime neighbourhood within close proximity to schools, shopping, public transit, parks and more. Book your 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 $660,000, which is $25,000 (3.9%) higher than the average sold price of $635,000 in the last 30 days (October 15 - November 13). During the last 30 days the average sold price for a 2 bedroom home in Kitchener declined by $100,714 (13.7%) compared to the previous 30 day period (September 15 - October 14) and down $30,000 (4.5%) from the same time one year ago.Inventory Change
There were 4 2-bedroom homes listed in Kitchener over the last 30 days (October 15 - November 13), which is down 33.3% compared with the previous 30 day period (September 15 - October 14) and down 20.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Kitchener typically sold $45,100 (7.1%) above asking price over the last 30 days (October 15 - November 13), which represents a $49,371 increase compared to the previous 30 day period (September 15 - October 14) and ($4,888) 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 (October 15 - November 13) stood at 175.0%, up from 116.7% over the previous 30 days (September 15 - October 14) and up from 140.0% 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 8 days when successfully sold over the last 30 days (October 15 - November 13), compared to 53 days before being removed from the market upon being suspended or terminated.Listing contracted with Rock Star Real Estate Inc.
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