283 Fairway Rd N 206
Kitchener, N2A 2P1
FOR SALE
$348,000
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Property Description
This centrally located, low-maintenance condo is ready to become your next home. Situated in a prime spot with easy access to major highways, including the 401, shopping centers, bus routes, regional malls, skiing, and more, convenience is at your door step. Offering affordable living, this charming 2-bedroom, 4 Piece Washroom unit includes utilities like heat, hydro, and water within the condo fees. The unit is carpet-free and well-maintained, featuring a balcony and a striking brick veneer accent wall an eye-catching centerpiece for entertaining or enjoying a cozy night in. Storage is no issue, with plenty of closets throughout the unit providing ample space for your belongings. A designated parking spot is included, and visitor parking is available for guests. With its unbeatable location and effortless lifestyle, this condo has everything you need. Don't miss out on the opportunity to make this your home!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-08-26 | 2022-09-08 | 14 | $348,000 | $390,000 | Sold |
| 2022-08-26 | 2022-09-08 | 14 | $348,000 | $390,000 | Sold |
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$1,706 (2024)
Basement
None
Exterior
Alum Siding, Brick
Heat Included
Yes
Heat Type
Baseboard
Heat Source
Electric
Hydro Included
Yes
Air Conditioning
Window Unit
Parking Spaces
1
Parking 1
Owned
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Prim Bdrm | Main | 11.52' x 14.50' | |
| 2nd Br | Main | 9.15' x 14.50' | |
| Kitchen | Main | 8.17' x 8.07' | |
| Living | Main | 13.58' x 19.85' | |
| Dining | Main | 7.84' x 8.33' |
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Kitchener Market Statistics
Kitchener Price Trend
283 Fairway Rd N 206 is a 2-bedroom 1-bathroom condo listed for sale at $348,000, which is $67,000 (16.1%) lower than the average sold price of $415,000 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 2 bedroom condo in Kitchener declined by $25,000 (5.7%) compared to the previous 30 day period (September 1 - September 30) and down $110,000 (21.0%) from the same time one year ago.Inventory Change
There were 31 2-bedroom condos listed in Kitchener over the last 30 days (October 1 - October 30), which is up 10.7% compared with the previous 30 day period (September 1 - September 30) and up 210.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Kitchener typically sold ($4,900) (1.2%) below asking price over the last 30 days (October 1 - October 30), which represents a $5,100 increase compared to the previous 30 day period (September 1 - September 30) and ($17,557) 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 (October 1 - October 30) stood at 45.2%, up from 25.0% over the previous 30 days (September 1 - September 30) and down from 70.0% 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 34 days when successfully sold over the last 30 days (October 1 - October 30), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Miracle Realty Ltd
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