12-10-2016, 11:51 PM
(12-10-2016, 02:22 PM)MidTowner Wrote: The semi-detached houses on Walter Street are nearing completion and have been listed on the MLS.
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[url=https://www.realtor.ca/Residential/Single-Family/17648444/121-Walter-Street-Kitchener-Ontario-N2G1S3]The asking price ($570,000) is unreal to me for the neighbourhood, but maybe there are enough buyers who value a new build in an established neighbourhood enough to pay it. In any case, it's nice to see two single family homes in disrepair knocked down and replaced with four semi-detached homes. Great way to make some very modest density improvements on residential streets near the cores. No risk of any push-back from neighbours.
$570K + $570K = $1,140,000
Pushing the market for a semi. HUGE profit push for some builder.
IMO, I doubt this fetches $400K per side unless builder has deep pockets and can wait 2+ years