51 David St 207
Kitchener, N2G 0E8
FOR SALE
$739,000
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Property Description
MORTGAGE REBATE - The sellers are offering a valuable mortgage incentive of $2,500 per month for up to three years, making homeownership more affordable and easing your financial commitment. Stylish Downtown Boutique Living at OTIS ON THE PARC 51 David St. Unit #207. A contemporary gem that pays tribute to Downtown Kitchener's most desirable neighbourhood Victoria Park with thoughtful architecture and stunning views. This FULLY FURNISHED, modern 1,348 sq. ft. two-story unit offers an open concept design and the perfect blend of stylish finishes and functional living. The spacious main level includes a cozy living area, a fully equipped sleek kitchen featuring a large island perfect for entertaining, a convenient 2-piece bathroom and a functional laundry room. Enjoy your morning coffee on the private balcony with views of Victoria Park, nature and downtown. Upstairs, you'll find two large bedrooms, each with their own spacious closets and private ensuite baths. This boutique condo boasts controlled entry, elevators, and an industrial water softener ensuring your comfort and peace of mind. High-speed internet and indoor parking is included, with one dedicated spot in the highly innovative, state-of-the-art underground, stacked parking garage providing safe and luxurious storage for your vehicle that can be controlled with your smart phone. Whether you're a first-time buyer, downsizer, or city enthusiast, this home checks all the boxes. Otis is perfectly located within steps of anything you will ever need, downtown Kitchener's vibrant amenities, including trendy restaurants and entertainment, shops, parks, transit, schools and business centers. Don't miss out, this unit even comes fully furnished. Book your showing today!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-12-18 | 2025-02-06 | 50 | $759,000 | - | Terminated |
Property Features
Grnbelt/Conserv, Park, Public Transit, School
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Property Details
Street
City
Property Type
Condo Apt, 2-Storey
Approximate Sq.Ft.
1200-1399
Taxes
$4,874 (2024)
Basement
None
Exterior
Brick Front, Metal/Side
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Exclusive
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Bathroom | Main | 7.09' x 3.58' | 2 Pc Bath |
Dining | Main | 12.17' x 6.17' | |
Kitchen | Main | 12.76' x 13.16' | |
Laundry | Main | 4.99' x 7.58' | |
Living | Main | 12.17' x 10.76' | |
Bathroom | 2nd | 6.99' x 8.83' | 4 Pc Ensuite |
Bathroom | 2nd | 5.09' x 9.42' | 4 Pc Ensuite |
Br | 2nd | 10.01' x 14.67' | |
Prim Bdrm | 2nd | 12.01' x 16.93' |
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Kitchener Market Statistics
Kitchener Price Trend
51 David St 207 is a 2-bedroom 3-bathroom condo listed for sale at $739,000, which is $320,500 (76.6%) higher than the average sold price of $418,500 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom condo in Kitchener declined by $14,000 (3.2%) compared to the previous 30 day period (December 22 - January 20) and up $282,750 (208.3%) from the same time one year ago.Inventory Change
There were 31 2-bedroom condos listed in Kitchener over the last 30 days (January 21 - February 19), which is up 40.9% compared with the previous 30 day period (December 22 - January 20) and up 210.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Kitchener typically sold ($3,450) (0.8%) below asking price over the last 30 days (January 21 - February 19), which represents a $2,501 decrease compared to the previous 30 day period (December 22 - January 20) and ($1,900) 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 2-bedroom condos in Kitchener over the last 30 days (January 21 - February 19) stood at 12.9%, down from 18.2% over the previous 30 days (December 22 - January 20) and down from 540.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom condo in Kitchener stood at 44 days when successfully sold over the last 30 days (January 21 - February 19), compared to 56 days before being removed from the market upon being suspended or terminated.Listing contracted with Real Broker Ontario Ltd
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