HN
20 ST GEORGE Street 506, Kitchener, ON N2G 2S7, Kitchener, ON
+7 photos
$265,000

20 ST GEORGE Street 506, Kitchener, ON N2G 2S7, Kitchener, ON

Kitchener, ON N2G 2S7
2 beds 1 bath Condo Apartment

About this home

Sandhills Retirement Community opened in 2001, a faith-based multi-denominational not-for-profit corporation providing quality housing for active seniors 50+ years of age. Smoke free, caring community of like minded residents. The facility encompasses a 58 bright, lovely and spacious apartment- style suites with large windows in downtown Kitchener. Appliances included are washer/ dryer, fridge, stove & dish-washer. Suites have individually controlled heating with efficient electric hot water/ forced air systems and each is cooled with its own rooftop air conditioner. This Bauman model 839 sq.ft. 2 bedroom carpet free unit with 4pc bathroom and balcony with east view. New engineered hardwood flooring - Oak. New Vinyl flooring and lighting in Kitchen and Bathroom. Large master bedroom (large enough for a king sized bed) with walk-in closet. Well managed and quiet building. Very efficient & economical living. Monthly payment $763.27 includes property taxes. Electrical utility is extra but are very affordable due to the quality of the building construction. No worries about the appliances and HVAC equipment repairs or replacement costs as they are included. Pet friendly with restrictions. VICTORIA PARK area with its heritage buildings. Close to numerous churches, shopping, entertainment, performing arts centre, library & LRT transit. Life Lease - no Land Transfer Tax nor legal closing costs. Note that unit must be owner occupied (no rental units in building). Traditional mortgage financing is not available. Garage parking space and Locker included.

Property Score

73/ 100
Overall Property Score
great

A blend of both buyer and investor metrics.

Score breakdown
Walkability
60/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
75/100great
GO Transit, LRT, and bus access from this neighborhood.
Schools
75/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
36% of city avgexcellent
Priced below Kitchener's average of $745,000.
Appreciation Trend
+1.7%/yrgreat
Kitchener has seen +1.7% YoY price change.
Monthly Cash Flow
+$32/mofair
Estimated $32/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
5.76%excellent
Net operating income divided by purchase price.
Basement Suite Potential
Not viablepoor
This property type typically can't add a basement suite.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X11995491
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.

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