404 KING St
Kitchener, N2G 2L5
FOR SALE
$324,900
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BEDROOMS1
BATHROOMS1
KITCHENS3
ROOMSX11967520
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Property Description
Stylish Downtown Loft Living! Situated just steps from trendy pubs, cafes, and more, this bright, unitboasts views of the historic LANG Tannery. The modern kitchen features stainless steel appliances, anisland with a breakfast bar, granite countertops, and a subway tile backsplash. The open-concept living anddining area, complete with a fireplace, is ideal for entertaining. Soaring 14' ceilings and expansive windowscreate a light-filled, inviting space. Enjoy polished concrete floors throughout, and a bedroom with aspacious closet and upper storage. The unit includes in-suite laundry for added convenience. Buildingamenities include a rooftop patio with BBQ facilities, a secured bike room, and an owned locker for extrastorage. The impressive lobby and social room complete the experience. Some of the pictures are virtuallystaged. The Buyer shall verify the status certificate to confirm the inclusion of a parking space with theunit.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-02-22 | 2023-03-03 | 9 | $424,900 | $405,000 | Sold |
| 2022-11-04 | 2023-02-03 | 91 | $429,900 | - | Expired |
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,775 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Exclusive
Garage Type
Underground
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Kitchener Market Statistics
Kitchener Price Trend
404 KING St is a 1-bedroom 1-bathroom condo listed for sale at $324,900, which is $190,100 (36.9%) lower than the average sold price of $515,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Kitchener increased by $174,040 (51.0%) compared to the previous 30 day period (December 22 - January 20) and up $268,000 (108.5%) from the same time one year ago.Inventory Change
There were 31 1-bedroom condos listed in Kitchener over the last 30 days (January 21 - February 19), which is up 47.6% compared with the previous 30 day period (December 22 - January 20) and up 47.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Kitchener typically sold ($14,900) (2.9%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,060 increase compared to the previous 30 day period (December 22 - January 20) and ($400) 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 1-bedroom condos in Kitchener over the last 30 days (January 21 - February 19) stood at 3.2%, down from 23.8% over the previous 30 days (December 22 - January 20) and down from 128.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Kitchener stood at 22 days when successfully sold over the last 30 days (January 21 - February 19), compared to 72 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Real Estate Centre Inc.
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