741 King St W 406

Kitchener, N2G 0E9
FOR SALE
$434,000
741 King St W 406, Kitchener
741 King St W 406
741 King St W 406
741 King St W 406
741 King St W 406
741 King St W 406
741 King St W 406
741 King St W 406
741 King St W 406
741 King St W 406
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
3
ROOMS
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Property Description
Welcome to 406-741 King St. W., Kitchener where modern luxury meets vibrant urban living! This stunning 1-bedroom, 1-bathroom condo offers a chic, contemporary lifestyle. Step inside to discover a sleek European-style kitchen featuring built-in appliances, gleaming quartz countertops, and generous storage space, perfect for culinary enthusiasts. The spacious bedroom provides a serene retreat for relaxation, while the adjacent bathroom boasts high-end fixtures and finishes that elevate your daily routine with a touch of sophistication. Located in the lively Bright Building, you'll enjoy exclusive access to fantastic amenities and a communal lounge fostering a strong sense of community. In the heart of downtown Kitchener, this prime location puts you just steps away from trendy restaurants, charming cafes, boutique shops, and lively entertainment venues. With easy access to public transportation and major highways, your daily commute will be effortless. Don't miss your chance to make 406 your new home and experience the heights of urban living. Schedule your viewing today and immerse yourself in the vibrant lifestyle Kitchener has to offer! **Photos of exterior and amenities only**
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-09-15 2023-10-18 33 $499,800 - Terminated
2023-06-14 2023-09-14 92 $499,800 - Expired
Property Features
Hospital, Library, Public Transit
Property Details
Street
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain12.99' x 11.91'
KitchenMain12.99' x 12.07'
BrMain10.40' x 13.75'
Kitchener Market Statistics
Kitchener Price Trend
741 King St W 406 is a 1-bedroom 1-bathroom condo listed for sale at $434,000, which is $81,000 (15.7%) lower than the average sold price of $515,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Kitchener increased by $174,040 (51.0%) compared to the previous 30 day period (December 22 - January 20) and up $268,000 (108.5%) from the same time one year ago.
Inventory Change
There were 31 1-bedroom condos listed in Kitchener over the last 30 days (January 21 - February 19), which is up 47.6% compared with the previous 30 day period (December 22 - January 20) and up 47.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Kitchener typically sold ($14,900) (2.9%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,060 increase compared to the previous 30 day period (December 22 - January 20) and ($400) 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 1-bedroom condos in Kitchener over the last 30 days (January 21 - February 19) stood at 3.2%, down from 23.8% over the previous 30 days (December 22 - January 20) and down from 128.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Kitchener stood at 22 days when successfully sold over the last 30 days (January 21 - February 19), compared to 72 days before being removed from the market upon being suspended or terminated.
Listing contracted with Corcoran Horizon Realty
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