242 Lorraine Avenue, Kitchener, ON

$699,000
MLS#:X8481592
3 beds
2 baths
5.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow-Raised"] detached located in the coveted neighborhood of Kitchener. Expertly crafted featuring premium brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $699,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 2 Bathrooms
  • Premium 60 x 94 ft lot size
  • Features a ["full"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Central Vacuum, Sump Pump, Water Heater
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Welcome to 242 Lorraine Ave in the sought-after Heritage Park neighbourhood. This beautifully landscaped raised bungalow sits on an oversized corner lot. Upon entering, you are invited into an open-concept main level featuring a captivating kitchen with granite countertops, a generously sized island, modern white cabinetry, and stainless steel appliances. The kitchen effortlessly flows into the dining room, which showcases a contemporary accent wall and a deck leading to the tranquil backyard for added relaxation and outdoor enjoyment. Within this level, you will find three bedrooms and a cheater ensuite that boasts a double vanity and a tiled tub with custom tile niches, adding a touch of luxury. Descend to the lower level to discover an additional living room with a wet bar and surround sound system, providing a perfect space for relaxation and entertainment. Additionally, another 4 piece bathroom is conveniently located on this floor. The oversized double car garage is a standout feature of the property, as it is heated and includes cabinets, making it a versatile space that also offers room for a TV setup ideal for creating a personalized "Man cave." Zoned R2, this home with a separate entrance is an excellent opportunity for investors, downsizers, or first-time home buyers. Its close proximity to parks, schools, and shopping centers ensures convenience and accessibility. Book your showing today!

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 4, 2024
Sold price information is available to members only
Listed Date6/26/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick, Aluminum Siding
Lot Size60 × 94 Feet
CountyWaterloo
Annual Tax$4,493.08
Legal DescriptionLT 40 PL 1403 KITCHENER; KITCHENER

Parking & Garage

Parking Spaces5.0
Garage Spaces3
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Community Features

Location

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242 Lorraine Avenue, Kitchener, ON

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 242 Lorraine Avenue, Kitchener, ON N2B 3P7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$559,200
Monthly Mortgage$3,249
Property Tax (Est.)$374
Utilities & Maint.$350
Total Monthly Cost$3,973

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Kitchener.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Kitchener.

Verified Local Data
City Population575,847
City Median Age38 Yrs
City Ownership65% Owners
Avg Area List Price$738,764

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Local Schools Guide

Elementary Schools

Our Lady of Grace
Public70 Gracefield Crescent, Alpine, Kitchener, Ontario, N2E 1R9
7.3
Alpine
Public75 Lucerne Drive, Alpine, Kitchener, Ontario, N2E 1B4
5.8
Queen Elizabeth
Public191 Hoffman Street, Southdale, Kitchener, Ontario, N2M 3N2
4.0
A R Kaufman
PublicCarwood Avenue, Rockway, Kitchener, Ontario, N2G 3C5
2.0
Country Hills
Public195 Country Hill Drive, Country Hills, Kitchener, Ontario, N2E 2G7
4.4

Secondary Schools

St. Mary’s
Catholic1500 Block Line Road, Kitchener, Ontario, N2C 2S2
6.1
Eastwood
Public760 Weber Street East, Eastwood, Kitchener, Ontario, N2H 1H6
5.8

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.