301 Highland Rd E
Kitchener, N2M 3W6
FOR SALE
$599,000

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BEDROOMS2
BATHROOMS2
KITCHENS15
ROOMSX12015444
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Property Description
VACANT LEGAL DUPLEX WITH DETACHED GARAGE W LOFT - with separate hydro meters and private entrances! The upper unit features 3bedrooms and a 4-piece bathroom, while the basement unit offers 1 bedroom and a 4-piece bathroom. Both units boast spacious kitchens and in-unit laundry for added convenience. Numerous updates include a new roof (2017), complete lower apartment renovation with new electrical, insulation, and flooring (2019), attic re-insulation, rebuilt main laundry/mudroom, and staircase to the lower unit. The property also passed the final inspection for a duplex permit from the City of Kitchener in 2021. A great investment opportunity or multi-generational living solution!
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Property Details
Street
City
Property Type
Duplex, 1 1/2 Storey
Lot Size
44' x 100'
Fronting
East
Taxes
$3,348 (2024)
Basement
Apartment, Finished
Exterior
Alum Siding, Brick
Heat Type
Other
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Garage Type
Detached
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Kitchener Market Statistics
Kitchener Price Trend
301 Highland Rd E is a 4-bedroom 2-bathroom home listed for sale at $599,000, which is $431,000 (41.8%) lower than the average sold price of $1,030,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Kitchener increased by $15,625 (1.5%) compared to the previous 30 day period (December 22 - January 20) and up $186,760 (22.1%) from the same time one year ago.Inventory Change
There were 38 4-bedroom homes listed in Kitchener over the last 30 days (January 21 - February 19), which is up 40.7% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Kitchener typically sold ($26,300) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $15,528 decrease compared to the previous 30 day period (December 22 - January 20) and $2,761 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 4-bedroom homes in Kitchener over the last 30 days (January 21 - February 19) stood at 39.5%, down from 44.4% over the previous 30 days (December 22 - January 20) and down from 80.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Kitchener stood at 43 days when successfully sold over the last 30 days (January 21 - February 19), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Twin City Realty Inc.
Similar Listings
Attention Developers, Builders and Investors! This property is being offered together with 120 Lancaster W. The two properties together add up to approximately half an acre of land with a depth of 285 feet which can provide you with an EXCELLENT DEVELOPMENT OPPORTUNITY. The R7 ZONING designation opens up numerous options, including the construction of townhouses, stacked townhouses and apartment building. EXCELLENT LOCATION near the GO/VIA Station, the LRT, Future Transit Hub and Expressway. Centrally located within a short distance to both Downtown Kitchener & Uptown Waterloo, close to parks, restaurants, schools, public transit, Universities, etc. This Legal Duplex offers two spacious units with two bedrooms in each which can provide good revenue until you're ready to redevelop. TAKE ADVANTAGE OF THIS OPPORTUNITY AND COME SEE IT TODAY!!
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Welcome to 11 Mansion St, beautifully renovated triplex in the heart of downtown Kitchener! This property is a fantastic opportunity for savvy investors or parents of college students. It's the perfect setup for a student to live in one unit while renting out the others to cover a significant portion of the mortgage. The main floor unit boasts an open-concept design featuring modern kitchen with sleek white cabinetry, stylish herringbone backsplash & stainless steel appliances. The centre piece is a stunning quartz waterfall island illuminated by a gorgeous chandelier creating the ideal space for dining & entertaining. The kitchen seamlessly flows into the bright living area where you'll find laminate flooring &le natural light. This unit also includes a cozy bedroom & contemporary 3pc bathroom with glass walk-in shower. The 2nd-floor unit offers a1-bedroom retreat complete with stunning kitchen featuring stainless steel appliances, quartz countertops & vaulted ceilings with exposed wood beams. Skylights flood the living room with natural light creating a bright & inviting atmosphere. There's also a dedicated workspace nook perfect for those working from home! Sliding doors lead to the bedroom with custom built-in shelving & the unit is completed with sleek 4pcbathroom with skylight & heated floors. The 3rd unit is a cleverly designed 200 sqft studio featuring a queen-size bunk bed, a walk-in shower &built-in ceramic cooktop with a mini fridge, maximizing functionality in a compact space. Additional highlights of the property include on-site laundry & 3 driveway parking spaces (1 in front and 2 in back). Located just steps away from two parks & the Centre In The Square theatre and within walking distance to the beautiful Victoria Park home to a lake, walking trails, splash pad & popular events like Rib Fest. It's also a short 10-minute walk to Conestoga College & St. Louis campuses, with easy access to King Streets vibrant shops, dining & amenities!
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