283 Fairway Rd N 202
Kitchener, N2A 2P1
FOR SALE
$359,900
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Property Description
Welcome to this bright and spacious carpet-free 2-bedroom condo in Kitchener, ON! Find yourself conveniently located near schools, parks, shopping, and public transit, this condo is perfect for first-time buyers, downsizers, or investors Featuring a good sized living space to wind down after a long day in, as well as a modern kitchen with ample cabinet space. This unit is filled with natural light from large windows throughout. The generous-sized bedrooms offer great closet space, while the 4-piece bathroom provides comfort and functionality. Condo fees include Hydro, Water and Gas, this ensures worry-free living with all your essential utilities covered. Laundry is available in the building. Don't miss this fantastic opportunity!
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Property Details
Street
City
Property Type
Condo Apt
Approximate Sq.Ft.
900-999
Taxes
$1,742 (2024)
Basement
None
Exterior
Alum Siding, Brick
Heat Included
Yes
Heat Type
Baseboard
Heat Source
Other
Hydro Included
Yes
Air Conditioning
None
Parking Spaces
1
Parking 1
Rental
Garage Type
None
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Kitchener Market Statistics
Kitchener Price Trend
283 Fairway Rd N 202 is a 2-bedroom 1-bathroom condo listed for sale at $359,900, which is $58,600 (14.0%) lower than the average sold price of $418,500 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom condo in Kitchener declined by $14,000 (3.2%) compared to the previous 30 day period (December 22 - January 20) and up $282,750 (208.3%) from the same time one year ago.Inventory Change
There were 31 2-bedroom condos listed in Kitchener over the last 30 days (January 21 - February 19), which is up 40.9% compared with the previous 30 day period (December 22 - January 20) and up 210.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Kitchener typically sold ($3,450) (0.8%) below asking price over the last 30 days (January 21 - February 19), which represents a $2,501 decrease compared to the previous 30 day period (December 22 - January 20) and ($1,900) 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 2-bedroom condos in Kitchener over the last 30 days (January 21 - February 19) stood at 12.9%, down from 18.2% over the previous 30 days (December 22 - January 20) and down from 540.0% 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 (January 21 - February 19), compared to 56 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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