16 Lemonbalm Street, Kitchener, ON
Property no longer active
This property was sold on October 7, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow-Raised duplex located in the coveted neighborhood of Kitchener. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $799,900 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.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 92.27 x 95.16 ft lot
- Features a separate entrance, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Accessory Apartment, Auto Garage Door Remote, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Prime Investment Opportunity: Purpose-Built Duplex at 16 Lemonbalm St, Kitchener Discover this well-maintained duplex, purpose-built in 2003, offering two fully independent units. The upper unit provides 1,014 sq. ft. with two bedrooms and one bathroom, while the lower unit is 654 sq. ft. with two bedrooms, one bathroom, and large egress windows that provide safety for occupants and flood the space with natural light. Each unit has its own gas and electricity meters, with separate 100-amp electrical panels and hot water heaters. Shared laundry facilities add convenience without compromising privacy. The attached garage, currently assigned to the upper tenant, includes a 10x10 mezzanine for additional storage. The property offers a total of four parking spaces: three in the driveway and one in the garage, ensuring ample parking for both units. Enjoy the backyard space, perfect for outdoor relaxation and the 2018 roof adds peace of mind. Location is Key! This duplex is perfect for tenants looking for convenience and accessibility. With proximity to Williamsburg Town Centre, Sunrise Shopping Centre, Huron Natural Area Trails, local parks, schools, and easy access to HWY 7/8, everything they need is just minutes away. Whether you're looking to expand your investment portfolio or live in one unit while renting out the other, this duplex offers endless possibilities. Don't miss out on this rare find in Kitchener!
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Property Summary
This duplex located at 16 Lemonbalm Street, Kitchener is currently for sale and has been available on SousaSells for 707 days. This property is listed at $799,900 with an estimated mortgage of $2,663* per month. It has 4 beds, 2 bathrooms, and is 700-1100 square feet. 16 Lemonbalm Street, Kitchener
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Kitchener.
- •4 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •700-1100 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Kitchener.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Greenbelt/Conservation
- Park
- Public Transit
- School
Interior Features
- Accessory Apartment
- Auto Garage Door Remote
- In-Law Suite
- Separate Heating Controls
- Separate Hydro Meter
- Water Heater
- Water Softener
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 16 Lemonbalm Street, Kitchener, ON
Q.What is the asking price for 16 Lemonbalm Street, Kitchener, ON ?
The current listing price for 16 Lemonbalm Street, Kitchener, ON in Kitchener is $799,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 2 bathrooms across approximately 700-1100 sqft.
Q.What property type and architectural style is 16 Lemonbalm Street, Kitchener, ON ?
16 Lemonbalm Street, Kitchener, ON is a Duplex (Bungalow-Raised) featuring a Separate Entrance, Apartment basement.
Q.What key property features does 16 Lemonbalm Street, Kitchener, ON offer?
Key property features include: Greenbelt/Conservation, Park, Public Transit, School.
Q.What interior features are included in this home?
Interior highlights include: Accessory Apartment, Auto Garage Door Remote, In-Law Suite, Separate Heating Controls, Separate Hydro Meter, Water Heater, Water Softener.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (Attached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 16 Lemonbalm Street, Kitchener, ON N2E 3V9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Kitchener, ON
For a property listed at $799,900 in Kitchener, the legal minimum down payment is $54,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $12,473 for this transaction. As this listing is in Kitchener (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,473.
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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.