54 Madison Ave

Kitchener, N2H 2Z6
FOR SALE
$729,900
54 Madison Ave, Kitchener
54 Madison Ave
54 Madison Ave
54 Madison Ave
54 Madison Ave
54 Madison Ave
54 Madison Ave
54 Madison Ave
54 Madison Ave
54 Madison Ave
54 Madison Ave
54 Madison Ave
54 Madison Ave
54 Madison Ave
54 Madison Ave
54 Madison Ave
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5
BEDROOMS
2
BATHROOMS
2
KITCHENS
11
ROOMS
X4921744
MLSID
Contact Us
Property Description
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
Extras
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.
Property Details
Property Type
Duplex, 2-Storey
Lot Size
40' x 142'
Acreage
< .50
Fronting
North
Taxes
$2,924 (2019)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
Kitchener Market Statistics
Kitchener Price Trend
54 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 $234,000 (17.3 %) from the same time one year ago.
Inventory Change
There were 2 5-bedroom homes listed in Kitchener over the last 30 days (August 17 - September 15), which is down 50.0 % compared with the previous 30 day period (July 18 - August 16) and down 0.0 % compared with the same period last year.
Sold Price Above/Below Asking ($)
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 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 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 Delisted
An 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
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