32 Simeon St
Kitchener, N2H 1S1
FOR SALE
$799,000
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5 + 1
BEDROOMS3
BATHROOMS2 + 1
KITCHENS9 + 1
ROOMSX9391148
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Property Description
This property is perfect for Investors/buyers who appreciate distinguished homes and seek supplementary rental income or investment opportunities. Classic charm meets modern potential in this turn-key cash flow property, located in a prime downtown neighborhood. With a legal duplex and a basement in-law suite featuring a separate exit, this property offers versatile living arrangements. Plus, enjoy the convenience of three dedicated parking spaces in the back. This property boasts an impressive rental income of $4,550.00 per month, with a breakdown of $2,100.00 for the 3-bedroom unit, $1,900.00 for the 2-bedroom unit, and $550 for the in-law suite in basement. Tenants cover hydro costs, and the high-efficiency hot water boiler helps keep heating expenses low. All rental units are currently on a month-to-month basis, offering flexibility for new ownership. Financials are available upon request, and you'll find clean, low-maintenance units. Don't miss out on this unique opportunity!
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Extras
Recent upgrades include updated electrical work (ESA approved) with two new panels and 120 AMP service, along with upgraded plumbing. The property features a total square footage of 2,248 sq ft.
Property Features
Library, Park, Place Of Worship, Public Transit, School, School Bus Route
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Property Details
Street
City
Property Type
Duplex, 2 1/2 Storey
Lot Size
32' x 91'
Fronting
East
Taxes
$5,006 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 7.35' x 12.99' | |
| Dining | Main | 7.68' x 8.01' | |
| Br | Main | 10.83' x 12.66' | |
| Br | Main | 10.83' x 12.66' | |
| Br | 2nd | 10.93' x 10.99' | |
| Br | 2nd | 8.99' x 11.42' | |
| Br | 2nd | 10.93' x 10.99' | |
| Kitchen | 2nd | 13.12' x 12.17' | |
| Kitchen | Bsmt | 13.12' x 12.17' | |
| Br | Bsmt | 10.01' x 20.01' | |
| Living | Bsmt | 12.01' x 17.42' |
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Kitchener Market Statistics
Kitchener Price Trend
32 Simeon St is a 5-bedroom 3-bathroom home listed for sale at $799,000, which is $91,000 (10.2%) lower than the average sold price of $890,000 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 5 bedroom home in Kitchener declined by $95,000 (9.6%) compared to the previous 30 day period (September 27 - October 26) and down $72,500 (7.5%) from the same time one year ago.Inventory Change
There were 8 5-bedroom homes listed in Kitchener over the last 30 days (October 27 - November 25), which is down 46.7% compared with the previous 30 day period (September 27 - October 26) and up 33.3% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Kitchener typically sold ($9,566) (1.1%) below asking price over the last 30 days (October 27 - November 25), which represents a $566 decrease compared to the previous 30 day period (September 27 - October 26) and ($39,500) 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 5-bedroom homes in Kitchener over the last 30 days (October 27 - November 25) stood at 37.5%, down from 46.7% over the previous 30 days (September 27 - October 26) and down from 66.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in Kitchener stood at 28 days when successfully sold over the last 30 days (October 27 - November 25), compared to 117 days before being removed from the market upon being suspended or terminated.Listing contracted with Luxe Home Town Realty Inc.
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