Kitchener, N2M 3V8
$699,000
Listed by RIGHT AT HOME REALTY.
Calling all DIYers, renovators and developers, this expansive 18,000 sq ft lot is not only a canvas for personal or developmental creativity but also a prime investment opportunity. Situated in a sought-after area nestled between various parks and located close to ION light rail stops, it offers unparalleled potential for both immediate and long-term returns. With nearby parks and green spaces, residents can enjoy the beauty of nature, outdoor activities, and a healthy lifestyle right at their doorstep. The convenience of nearby shopping centers and recreational facilities adds a layer of appeal to this property. The sheer size and location of this lot offer a rare opportunity for developers and investors. By capitalizing on its potential to host a significant development, investors can look forward to attractive returns on investment through either direct sales, long-term leasing, or by increasing rental yields.
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.
