64 Woolwich St
Kitchener, N2K 1S3
FOR SALE
$999,999
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BEDROOMS1
BATHROOMS1
KITCHENS9
ROOMSX12015733
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Property Description
2 x 4Plexes & POSSIBLY MORE can be erected on 2 lots. VALUE IS IN THE LAND! RESIDENTIAL HOME NOT AVAILABLE FOR VIEWING. NO SHOWINGS. Selling as-is. The owner has only submitted for a Record of Pre-submission BUT NO FURTHER ACTION HAS BEEN TAKEN. This would be the new owners responsibility. The owner/applicant has proposed a severance create a new residential development lot, in order to identify the development potential for each lot. No severance sketch available currently. The owner/applicant has investigated a potential development concept to which the city has given verbal consent running until May 28,2025, i.e. severance of two lots with approximately equal frontage, demolishing the existing residential home and constructing at a minimal, 2 x 4Plexes & POSSIBLY MORE residential dwellings/density. Minor variance application(s) may be required for reduced lot frontage. The property is designated Built-Up Area and Urban Area in the Region Official Plan (ROP). Property measurements are as follows 156.58x88.50x187.79x75.5
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Property Details
Street
City
Property Type
Detached, 1 1/2 Storey
Lot Size
88' x 188'
Fronting
East
Taxes
$3,882 (2024)
Basement
Crawl Space
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Garage Type
Detached
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Kitchener Market Statistics
Kitchener Price Trend
64 Woolwich St is a 2-bedroom 1-bathroom home listed for sale at $999,999, which is $357,999 (55.8%) higher than the average sold price of $642,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in Kitchener declined by $15,500 (2.4%) compared to the previous 30 day period (December 22 - January 20) and down $88,000 (12.1%) from the same time one year ago.Inventory Change
There were 8 2-bedroom homes listed in Kitchener over the last 30 days (January 21 - February 19), which is up 60.0% compared with the previous 30 day period (December 22 - January 20) and up 166.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Kitchener typically sold $41,000 (6.4%) above asking price over the last 30 days (January 21 - February 19), which represents a $45,000 increase compared to the previous 30 day period (December 22 - January 20) and ($8,000) 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 homes in Kitchener over the last 30 days (January 21 - February 19) stood at 62.5%, down from 120.0% over the previous 30 days (December 22 - January 20) and down from 266.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Kitchener stood at 11 days when successfully sold over the last 30 days (January 21 - February 19), compared to 0 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Twin City Realty Inc.
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