283 Fairway Rd 90
Kitchener, N2A 2P1
FOR SALE
$349,000
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Property Description
Attention First Time Home Buyers and Investors! Welcome To 90-283 Fairway! This 2-Bedroom 1-Bathroom Condo Unit Is Located In A Great Location That Is Well-Connected To A Variety of Amenities, Including Main Roads, Schools, Shopping Centres, Parks And More. This Bright And Spacious Unit Offers Ample Room For Comfortable Living. The Two Well-Sized Bedrooms And 4-Piece Bath Are Ideal For Those Seeking A Balance Of Comfort And Functionality In Their Living Space. Whether You're A First-Time Homebuyer, A Small Family, Or An Investor, This Condo Is An Excellent Opportunity. The Condo Fee Covers All Major Utilities, Making It Easy To Manage Your Monthly Expenses. Don't Miss Out On This Chance To Own A Piece Of Real Estate In A Fantastic Location! Property Currently Renting for $2100/month
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$1,461 (2023)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Parking Spaces
1
Parking 1
Owned
Garage Type
None
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Kitchener Market Statistics
Kitchener Price Trend
283 Fairway Rd 90 is a 2-bedroom 1-bathroom condo listed for sale at $349,000, which is $72,562 (17.2%) lower than the average sold price of $421,562 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 2 bedroom condo in Kitchener increased by $14,562 (3.6%) compared to the previous 30 day period (October 22 - November 20) and up $46,562 (12.4%) from the same time one year ago.Inventory Change
There were 28 2-bedroom condos listed in Kitchener over the last 30 days (November 21 - December 20), which is up 16.7% compared with the previous 30 day period (October 22 - November 20) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Kitchener typically sold ($11,037) (2.6%) below asking price over the last 30 days (November 21 - December 20), which represents a $3,237 decrease compared to the previous 30 day period (October 22 - November 20) and ($24,900) 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 condos in Kitchener over the last 30 days (November 21 - December 20) stood at 28.6%, down from 37.5% over the previous 30 days (October 22 - November 20) and down from 35.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in Kitchener stood at 44 days when successfully sold over the last 30 days (November 21 - December 20), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with The Canadian Home Realty Inc.
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