230 Highland Rd W
Kitchener, N2M 3C2
FOR SALE
$1,098,888
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3 + 3
BEDROOMS4
BATHROOMS1
KITCHENS8 + 6
ROOMSX9246883
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Property Description
Exceptional Investment Opportunity at 230 Highland Road West, Kitchener. Unlock the potential of this remarkable property, strategically positioned on a bustling street with exceptional visibility. Zoned RES-5, the opportunities here are endless: expand with additional dwelling units, either within the existing structure or through a new build, or capitalize on the approved home-based business. The circular driveway provides abundant parking, complemented by additional spaces at the rear, accessible through a private entrance. Step inside this expansive bungalow, where the walk-out basement & multiple entrances make this property ideal for duplexing, creating an in-law suite, or accommodating a multi-generational family. Inside, youll discover a spacious living room bathed in natural light. The adjacent 2pc bathroom adds convenience. The main level features 2 generously sized bedrooms & a full bathroom equipped with a standing shower. The kitchen, fully stocked with appliances & abundant cabinetry, seamlessly flows into the dining roomperfect for family meals. The main floor also hosts a convenient laundry area. Ascend to the upper-level loft, that can serve as another bedroom, home office, play area, or whatever suits your needs. The garage offers a unique bonusa private bathroom for added convenience. The fully finished basement is a standout feature, offering 3 additional bedrooms, 2 full bathrooms & a well-appointed kitchenette setup. The expansive layout easily accommodates the conversion into two separate units, enhancing the propertys income potential. Outside, the vast backyard, complete with a private entrance, provides even more parking options & includes both a shed & a storage container. This propertys prime location puts you close to everything you needshopping, dining, top-rated schools, public transportation & quick highway access. Dont miss this rare opportunity to transform this incredible property into your next successful venture!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-03-07 | 2024-05-08 | 63 | $1,168,000 | - | Expired |
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Property Details
Street
City
Property Type
Detached, Bungalow-Raised
Lot Size
81' x 141'
Fronting
East
Taxes
$6,233 (2024)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
9
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 26.25' x 13.12' | |
| Kitchen | Main | 7.87' x 13.45' | |
| Dining | Main | 9.51' x 13.45' | |
| Br | Main | 11.48' x 13.45' | |
| 2nd Br | Main | 11.48' x 15.09' | |
| Bathroom | Main | 3.28' x 3.28' | 3 Pc Bath |
| Laundry | Main | 3.28' x 3.28' | |
| 3rd Br | Upper | 18.70' x 11.81' | |
| Rec | Bsmt | 11.15' x 22.97' | |
| Br | Bsmt | 12.14' x 7.55' | |
| 2nd Br | Bsmt | 13.45' x 12.80' | |
| 3rd Br | Bsmt | 12.14' x 7.55' |
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Kitchener Market Statistics
Kitchener Price Trend
230 Highland Rd W is a 3-bedroom 4-bathroom home listed for sale at $1,098,888, which is $349,386 (46.6%) higher than the average sold price of $749,502 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 3 bedroom home in Kitchener increased by $2,710 (0.4%) compared to the previous 30 day period (September 27 - October 26) and down $10,543 (1.4%) from the same time one year ago.Inventory Change
There were 79 3-bedroom homes listed in Kitchener over the last 30 days (October 27 - November 25), which is down 1.3% compared with the previous 30 day period (September 27 - October 26) and up 38.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Kitchener typically sold $2,125 (0.3%) above asking price over the last 30 days (October 27 - November 25), which represents a $8,762 increase compared to the previous 30 day period (September 27 - October 26) and $200 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 3-bedroom homes in Kitchener over the last 30 days (October 27 - November 25) stood at 100.0%, up from 70.0% over the previous 30 days (September 27 - October 26) and up from 77.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in Kitchener stood at 19 days when successfully sold over the last 30 days (October 27 - November 25), compared to 57 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Twin City Realty Inc.
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