486 Karn St
Kitchener, N2M 2C1
FOR SALE
$1,075,000
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4 + 2
BEDROOMS3
BATHROOMS1 + 1
KITCHENS6
ROOMSX8309058
MLSIDContact Us
Property Description
Whether you're a growing family, an investor seeking an income-generating property, or in search of a mortgage-savvy solution, this residence caters to your every need. It offers convenient access to public transit, major grocery outlets, and the expressway. The upper level comprises 4 bedrooms, a 4-piece bath, a 3-piece bath, and a kitchen poised for further enhancements. The lower level presents 2 bedrooms and another 3-piece bathroom. Noteworthy features include separate hydro meters, 2 BONUS rooms off the carport, primed for conversion into additional bedrooms, and a private entrance for the basement unit. Don't let this exceptional opportunity pass you by! Property is being sold as is. This a LEGAL duplex. Vacant possession on closing. The backyard did have a pool that was filled by the previous owner.
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Property Features
Park, School
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Property Details
Street
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
45' x 148'
Acreage
< .50
Fronting
South
Taxes
$4,848 (2023)
Basement
Fin W/O, Sep Entrance
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Available
Garage Type
Carport
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Kitchener Market Statistics
Kitchener Price Trend
486 Karn St is a 4-bedroom 3-bathroom home listed for sale at $1,075,000, which is $35,000 (3.2%) lower than the average sold price of $1,110,000 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 4 bedroom home in Kitchener declined by $42,702 (3.7%) compared to the previous 30 day period (March 15 - April 13) and up $18,137 (1.7%) from the same time one year ago.Inventory Change
There were 74 4-bedroom homes listed in Kitchener over the last 30 days (April 14 - May 13), which is up 124.2% compared with the previous 30 day period (March 15 - April 13) and up 184.6% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Kitchener typically sold $9,249 (0.8%) above asking price over the last 30 days (April 14 - May 13), which represents a $10,503 increase compared to the previous 30 day period (March 15 - April 13) and $49,790 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 (April 14 - May 13) stood at 43.2%, down from 112.1% over the previous 30 days (March 15 - April 13) and down from 126.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Kitchener stood at 13 days when successfully sold over the last 30 days (April 14 - May 13), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
Similar Listings
** Legal Duplex ** Attention Downsizers, Upsizers, Savvy Investors and anyone looking for some mortgage help! What happens when the perfect family home meets the perfect income opportunity? Welcome to 62 Parkvale Dr in Kitchener! This stunning Home Provides the perfect space for your family with a large open concept floorplan, main floor laundry, 3 large bedrooms and a bonus second floor office/den that provides that extra bonus space. The big bright windows overlook the greenspace and trails as far as the eye can see! ( no backyard neighbors... except for the wildlife of course! ) The basement offers a full 1 bedroom apartment with separate entrance, separate laundry, stunning views and modern finishes. This space is absolutely perfect for grandparents, older kids, family members OR to rent out for Cash flow and a mortgage helper What else does 62 Parkvale have to offer? Ample parking, close to amenities, family friendly neighborhood, access to several great parks, a brand new community centre and so much more is just a walk away!
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