498 BANKSIDE Dr
Kitchener, N2N 3J3
FOR SALE
$785,000
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3 + 1
BEDROOMS4
BATHROOMS1 + 1
KITCHENS6 + 1
ROOMSX11822563
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Property Description
"Welcome to 498 Bankside Drive, a beautifully renovated 3+1 bedroom corner townhouse with a walk-out basement, offering modern updates and functional living. This home features brand-new appliances, a new AC system, and windows with a 25-year warranty for comfort and peace of mind. The finished walk-out basement, complete with a separate entrance, provides additional living space or in-law potential. Enjoy the spacious and newly updated interior, complemented by a private backyard perfect for relaxing or entertaining, complete with a storage house for all your tools and outdoor gear. The corner lot location ensures enhanced privacy and abundant natural light throughout the home. Situated in the sought-after Beechwood Forest neighborhood, this home backs onto greenspace with no rear neighbors and is just minutes from top-rated schools, parks, shopping, and Hwy 401 for easy commuting.
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Property Features
Park, Public Transit, School
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Property Details
Street
City
Property Type
Att/Row/Townhouse, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
3,424' x 2,024'
Acreage
< .50
Lot Irregularities
WIDE REAR SHAPE
Fronting
South
Taxes
$3,424 (2024)
Basement
Fin W/O, W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Available
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 10.83' x 16.73' | |
Dining | Main | 8.86' x 7.87' | |
Kitchen | Main | 11.81' x 8.86' | |
Bathroom | Main | 4.92' x 4.92' | 2 Pc Bath |
Br | 2nd | 13.12' x 11.81' | |
Bathroom | 2nd | 6.89' x 4.92' | 3 Pc Bath |
2nd Br | 2nd | 10.83' x 11.48' | |
3rd Br | 2nd | 10.83' x 11.48' | |
Bathroom | 2nd | 6.89' x 4.92' | 3 Pc Bath |
Br | Bsmt | 10.83' x 8.86' | |
Kitchen | Bsmt | 8.20' x 15.42' | |
Bathroom | Bsmt | 6.23' x 8.20' | 3 Pc Bath |
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Kitchener Market Statistics
Kitchener Price Trend
498 BANKSIDE Dr is a 3-bedroom 4-bathroom townhome listed for sale at $785,000, which is $205,536 (35.5%) higher than the average sold price of $579,464 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 3 bedroom townhome in Kitchener declined by $49,464 (7.9%) compared to the previous 30 day period (October 22 - November 20) and down $78,036 (11.9%) from the same time one year ago.Inventory Change
There were 29 3-bedroom townhomes listed in Kitchener over the last 30 days (November 21 - December 20), which is down 25.6% compared with the previous 30 day period (October 22 - November 20) and up 38.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom townhomes in Kitchener typically sold ($3,039) (0.5%) below asking price over the last 30 days (November 21 - December 20), which represents a $7,778 decrease compared to the previous 30 day period (October 22 - November 20) and $27,250 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 3-bedroom townhomes in Kitchener over the last 30 days (November 21 - December 20) stood at 193.1%, up from 71.8% over the previous 30 days (October 22 - November 20) and up from 57.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom townhome in Kitchener stood at 18 days when successfully sold over the last 30 days (November 21 - December 20), compared to 53 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife Maple Leaf Realty Ltd.
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