500 Westmount Rd 408
Kitchener, N2M 5M9
FOR SALE
$449,900
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2
BEDROOMS2
BATHROOMS1
KITCHENS5 + 1
ROOMSX8183778
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Property Description
Renovated, move-in ready condo, perfect for first time buyers and young professionals. This two bedroom, two bathroom condo is carpet free and has a bonus sunroom/office space. Located not far from Belmont Village, Uptown Waterloo, Ira Needles and on public transportation routes. Condo fees include all utilities making this an economical living space. Building amenities include a gym, party room, workshop and guest suite. One outdoor parking spot and a large storage locker are include. Closing is very flexible.
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Property Features
Golf, Library, Park, Public Transit, School, School Bus Route
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$1,842 (2023)
Basement
None
Exterior
Brick, Vinyl Siding
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Exclusive (21)
Garage Type
Surface
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 10.83' x 15.09' | Hardwood Floor, Open Concept, Combined W/Sunroom |
| Dining | Flat | 10.83' x 8.69' | Hardwood Floor, Open Concept |
| Kitchen | Flat | 9.68' x 9.22' | Tile Floor, Open Concept |
| Prim Bdrm | Flat | 10.66' x 13.81' | Ensuite Bath |
| 2nd Br | Flat | 7.87' x 11.75' |
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Kitchener Market Statistics
Kitchener Price Trend
500 Westmount Rd 408 is a 2-bedroom 2-bathroom condo listed for sale at $449,900, which is $24,900 (5.9%) higher than the average sold price of $425,000 in the last 30 days (April 1 - April 30). During the last 30 days the average sold price for a 2 bedroom condo in Kitchener declined by $5,000 (1.2%) compared to the previous 30 day period (March 2 - March 31) and down $97,604 (18.7%) from the same time one year ago.Inventory Change
There were 14 2-bedroom condos listed in Kitchener over the last 30 days (April 1 - April 30), which is down 17.6% compared with the previous 30 day period (March 2 - March 31) and up 27.3% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Kitchener typically sold ($9,900) (2.3%) below asking price over the last 30 days (April 1 - April 30), which represents a $3,100 increase compared to the previous 30 day period (March 2 - March 31) and ($28,122) 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 2-bedroom condos in Kitchener over the last 30 days (April 1 - April 30) stood at 78.6%, up from 76.5% over the previous 30 days (March 2 - March 31) and down from 81.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Kitchener stood at 24 days when successfully sold over the last 30 days (April 1 - April 30), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Ipro Realty Ltd
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