73 Locust St
Kitchener, N2H 1W8
FOR SALE
$895,000
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5
BEDROOMS2
BATHROOMS2
KITCHENS11 + 3
ROOMSX9308785
MLSIDContact Us
Property Description
Explore the pleasure of urban living with this renovated LEGAL DUPLEX, ideally positioned in the heart of Kitchener's Central Frederick neighbourhood. This home is a prime choice for first-time buyers or investors, offering substantial investment potential and a relaxed lifestyle. Near the University of Waterloo's School of Pharmacy, this home is close to employers such as Google and the Innovation Centre. Located within walking distance of the LRT, quick access to Highway 7/8 and the nearby GO Train for easy commutes to the GTA. The neighbourhood is bustling with cultural attractions including the Centre in the Square, Kitchener Market, The Museum, Library, Victoria Park, Kitchener Auditorium, and many dining options. It's a thriving hub of innovation/growth. The duplex features 2 meticulously designed above-grade units and a partially finished basement, ideal for those seeking a solid investment or a smart living arrangement. All bedrooms are above grade making both units feel like home. The main level unit of this duplex offers a 2-bedroom layout, including a large kitchen, 3-piece bath, living/dining room, laundry room and an amazing large front porch. Featuring 9ft ceilings, hardwood floors and extra soundproofing between the units for less noise transfer than traditional condos. The unfinished basement provides extra storage and future additional living space, enhancing the versatility of the property. The upper unit offers a 2-bedroom layout, a large sunroom, a finished attic, kitchen, 3-piece bath, living room, laundry; central heat and A/C for the second-floor unit combined with heat pump for additional independent comfort.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-25 | 2024-09-09 | 76 | $895,000 | - | Terminated |
Extras
Whether you are seeking a mortgage helper or a valuable addition to your residential investment portfolio, this opportunity is not one to miss. Seize the opportunity to invest in one of Kitchener's rapidly expanding neighbourhoods.
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Property Details
Street
City
Property Type
Duplex, 2 1/2 Storey
Lot Size
38' x 75'
Fronting
West
Taxes
$4,009 (2024)
Basement
Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 17.22' x 13.06' | Hardwood Floor, Wall Sconce Lighting, Combined W/Dining |
| Dining | Main | 10.24' x 12.17' | Hardwood Floor, Bay Window, Combined W/Living |
| Kitchen | Main | 13.09' x 13.02' | Pot Lights, Stainless Steel Appl, Linoleum |
| Prim Bdrm | Main | 11.29' x 9.97' | Broadloom, Large Window |
| Br | Main | 10.30' x 11.29' | Broadloom, Large Window, Closet |
| Laundry | Bsmt | 8.92' x 12.47' | Pot Lights, Above Grade Window |
| Living | 2nd | 22.15' x 10.96' | Large Window, Broadloom, Combined W/Dining |
| Kitchen | 2nd | 12.24' x 13.12' | Stainless Steel Appl, Ceramic Back Splash, Double Sink |
| Family | 2nd | 10.40' x 8.86' | Broadloom, Wall Sconce Lighting |
| Br | 2nd | 10.24' x 9.71' | Large Window, Broadloom |
| 2nd Br | 2nd | 9.74' x 9.71' | Broadloom, Large Window |
| 3rd Br | 3rd | 13.55' x 28.71' | Broadloom, Window |
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Kitchener Market Statistics
Kitchener Price Trend
73 Locust St is a 5-bedroom 2-bathroom home listed for sale at $895,000, which is $260,000 (22.5%) lower than the average sold price of $1,155,000 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 5 bedroom home in Kitchener increased by $390,000 (51.0%) compared to the previous 30 day period (July 21 - August 19) and down $240,000 (17.2%) from the same time one year ago.Inventory Change
There were 16 5-bedroom homes listed in Kitchener over the last 30 days (August 20 - September 18), which is up 220.0% compared with the previous 30 day period (July 21 - August 19) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Kitchener typically sold ($64,000) (5.5%) below asking price over the last 30 days (August 20 - September 18), which represents a $50,000 decrease compared to the previous 30 day period (July 21 - August 19) and ($24,000) 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 5-bedroom homes in Kitchener over the last 30 days (August 20 - September 18) stood at 31.2%, up from 20.0% over the previous 30 days (July 21 - August 19) and up from 25.0% 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 18 days when successfully sold over the last 30 days (August 20 - September 18), compared to 63 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Professionals Inc.
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