54 Madison Ave
Kitchener, N2H 2Z6
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Location, Location, Location This Legal Duplex Only Steps From Lrt Stop And Being In Desirable Downtown Kitchener Make This Property Very Attractive. 3 Bedroom Main Floor Unit And 2 Bedroom Upper Unit Both Have Open Concept Living, New Floors Throughout, New Kitchens, New Bathrooms, New Electrical And Plumbing Throughout, Split Hydro Meters, Smoke Detectors, A Fully Fenced Backyard And Detached Garage. Upper Unit - $1,450/Month Lower Unit - $1,573.20/Month
2 Fridges, 2 Stoves, 2 Dishwashers, 2 Washers & 2 Dryers. Newer Windows Throughout, New Electrical Panels, Split Hydro Meters And All New Plumbing Were Installed In 2018.
40' x 142'
Finished, Sep Entrance
Kitchener Market Statistics
Kitchener Price Trend54 Madison Ave is a 5-bedroom 2-bathroom home listed for sale at $729,900, which is $385,600 (34.6 %) lower than the average sold price of $1,115,500 in the last 30 days (August 17 - September 15). During the last 30 days the average sold price for a 5 bedroom home in Kitchener increased by $15,500 (1.4 %) compared to the previous 30 day period (July 18 - August 16) and down $234,000 (17.3 %) from the same time one year ago.
Inventory ChangeThere were 2 5-bedroom homes listed in Kitchener over the last 30 days (August 17 - September 15), which is down 50.0 % compared with the previous 30 day period (July 18 - August 16) and down 0.0 % compared with the same period last year.
Sold Price Above/Below Asking ($)5-bedroom homes in Kitchener typically sold $40,550 (3.6 %) above asking price over the last 30 days (August 17 - September 15), which represents a $44,529 decrease compared to the previous 30 day period (July 18 - August 16) and ($59,494) more than the same period last year.
Sales to New Listings RatioSold-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 5-bedroom homes in Kitchener over the last 30 days (August 17 - September 15) stood at 100.0 %, down from 125.0 % over the previous 30 days (July 18 - August 16) and down from 100.0 % one year ago.
Average Days on Market when Sold vs DelistedAn average time on the market for a 5-bedroom 2-bathroom home in Kitchener stood at 26 days when successfully sold over the last 30 days (August 17 - September 15), compared to 11 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Millennium Real Estate, Brokerage
Newly Renovated Duplex Close To Grand River Hospital And Minutes To Victoria Park. Top Level Features Finished Attic, 3 Bedrooms, Eat-In Kitchen W/Skylight, Bathroom (3Pc), Laundry. Main Level Offers Bright Kitchen With Granite, Living Room W/Sliders To Deck, Side Entrance Leads To Rec Room, Bathroom, Laundry. Addition At Back Adds Another 600 Sq. Ft. Of Living Space. Set Your Own Rents To Maximize Your Roi!