741 King St W 812
Kitchener, N2G 0E9
FOR SALE
$599,000
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Property Description
Introducing The Bright Building in the heart of downtown Kitchener's vibrant innovation district. This 1 + 1 bedroom, 1 bathroom condo offers unparalleled access to the city's top amenities, including the LRT, Google, KPMG, Grand River Hospital, and Victoria Park. Inside, you'll find a sleek European-style kitchen with built-in appliances and elegant quartz countertops. A perfect home in Dynamic and lively neighbourhood.
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Extras
Rental Income $800 + Utilities.
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
None (LEVEL1 /UNIT 15)
Garage Type
None
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Kitchener Market Statistics
Kitchener Price Trend
741 King St W 812 is a 1-bedroom 1-bathroom condo listed for sale at $599,000, which is $169,000 (39.3%) higher than the average sold price of $430,000 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 1 bedroom condo in Kitchener increased by $57,000 (15.3%) compared to the previous 30 day period (September 27 - October 26) and up $7,500 (1.8%) from the same time one year ago.Inventory Change
There were 17 1-bedroom condos listed in Kitchener over the last 30 days (October 27 - November 25), which is down 45.2% compared with the previous 30 day period (September 27 - October 26) and down 15.0% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Kitchener typically sold ($7,900) (1.8%) below asking price over the last 30 days (October 27 - November 25), which represents a $4,450 decrease compared to the previous 30 day period (September 27 - October 26) and $5,100 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 (October 27 - November 25) stood at 41.2%, up from 19.4% over the previous 30 days (September 27 - October 26) and down from 50.0% 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 18 days when successfully sold over the last 30 days (October 27 - November 25), compared to 50 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group - Realty Experts Inc.
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