283 Fairway Rd N 501
Kitchener, N2A 2P1
FOR SALE
$364,999
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Property Description
Welcome home to unit #501. This beautifully maintained top floor unit comes with 2 bedrooms, 1 full bathroom along with great views of Kitchener from the private balcony. This condo unit provides 2 generous sized bedrooms with generous closets along with open concept living and dining area for hosting and entertaining guests. Full 3 piece washroom with storage cabinet. All Utilities are included in the maintenance fee!! This unit comes with a rare private garage parking spot for that extra level of security. Prime location as its just minutes to Highway 8, Fairway Mall, Chicopee Park, Grocery stores and Schools. This home is the perfect start for first time home buyers, families and investors. Book your showing today before it's too late!!
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Extras
Rare private garage parking for security. All utilities are included in maintenance fee!! Status Certificate is available upon request.
Property Features
Hospital, Park, Rec Centre, River/Stream, School
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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
None
Elevator
Yes
Parking 1
Owned (#8)
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 11.98' x 19.42' | Balcony |
Dining | Main | 8.33' x 7.09' | |
Kitchen | Main | 7.97' x 8.76' | |
Prim Bdrm | Main | 11.32' x 14.57' | |
2nd Br | Main | 9.25' x 14.57' | |
Bathroom | Main | 7.84' x 4.49' |
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Kitchener Market Statistics
Kitchener Price Trend
283 Fairway Rd N 501 is a 2-bedroom 1-bathroom condo listed for sale at $364,999, which is $80,001 (18.0%) lower than the average sold price of $445,000 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 2 bedroom condo in Kitchener increased by $50,100 (12.7%) compared to the previous 30 day period (September 27 - October 26) and up $105,000 (30.9%) from the same time one year ago.Inventory Change
There were 22 2-bedroom condos listed in Kitchener over the last 30 days (October 27 - November 25), which is down 33.3% compared with the previous 30 day period (September 27 - October 26) and up 83.3% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Kitchener typically sold ($4,900) (1.1%) below asking price over the last 30 days (October 27 - November 25), which represents a $0 decrease compared to the previous 30 day period (September 27 - October 26) and ($4,900) 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 (October 27 - November 25) stood at 50.0%, up from 39.4% over the previous 30 days (September 27 - October 26) and up from 25.0% 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 19 days when successfully sold over the last 30 days (October 27 - November 25), compared to 60 days before being removed from the market upon being suspended or terminated.Listing contracted with Justo Inc.
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