What You Can Get With An Annual Household Income Of $150K In Kitchener?

The Canadian Home published a market report this October, in which we talked about the state of the Ontario housing market and the many cities which have had a price decline in September. Kitchener topped that list with a whopping 12% decline in home prices making $737K the new average selling price here. This makes Kitchener 28% more affordable when compared to a city like Mississauga and 3rd most affordable (amongst major cities) in all of Ontario.

Given that mortgage lenders typically offer loans of up to four times one's annual household income, individuals with an annual household income of $150,000 can anticipate an exciting opportunity in Kitchener, where their potential mortgage could reach as high as $750,000. If you are one of them then this list is for you. We've compiled a list of recently sold properties in Kitchener, ranging from detached homes to condo apartments, showcasing what you can expect with a $150K annual household income.

DETACHED HOME

57 Rosemount Drive

• 3 Bedrooms
• 2 Bathrooms
• 1 Garage

Kicking off this list is 57 Rosemount Drive a beautiful detached home that has easy access to highways like 401 and several different plazas. Sold within 22 days of listing home this home was a complete package with spacious bedrooms, a large basement with a dedicated office space and a backyard with a hot tub. Plus, it's in the nice Rosemount neighbourhood, close to downtown Kitchener and has lots of everyday amenities to make your life easier.

SEMI-DETACHED

54 Glen Avon Crescent

• 3 Bedrooms
• 2 Bathrooms
• 1 Garage

Sold within 8 days of listing this property was a fantastic investment opportunity in the waiting. Located in the desired family-friendly neighbourhood of Forest Heights this was a two-storey home loaded with amenities. The new owners of this home now enjoy 1332 Sq ft of living space along with a fully finished basement. Being conveniently located near various amenities like shopping centres, parks and much more made it the perfect investment for smart home buyers.

TOWNHOUSE

26 - 403 Westwood Drive

• 2 Bedrooms
• 2 Bathrooms
• 1 Garage

While it took a bit more time compared to some other listings, this place was a real winner, packed with awesome features. The open kitchen and tall ceilings gave it a spacious vibe. The kitchen had cool granite countertops, and you didn't have to go far for laundry because it was right in the unit. There was also a sweet deck outside for chilling, and the garage had room for two cars. It was a super flexible deal, and someone snapped it up within just 30 days of putting it on the market.

CONDO APT

808 - 108 Garment Street

• 2 Bedrooms
• 2 Bathrooms
• 1 Garage

Welcome to 808 - 108 Garment Street modern living at its finest, for just $580,000 this Condo apartment packs a serious punch. You get an open-concept living room with floor-to-ceiling windows, a beautifully upgraded kitchen with stainless steel appliances, and an in-suite laundry as an added bonus. The high-rise tower itself comes with amenities like a fitness centre, outdoor lounge, pool, terrace, concierge and much more to enhance your lifestyle.

Read more:

Mistakes to avoid as a first-time home buyer

Value for money neighbourhoods to buy Condos in Toronto

Yes, there’s always more where that came from!

These were just some of the fine examples of the properties you can get your hands on with an annual household income of $150K in Kitchener. There's a lot more waiting for you at The Canadian Home and not only in Kitchener but in other cities just like it. We're here to cater to all your preferences and provide real-time expert advice whenever you need it, making us your one-stop shop for all your home-buying needs. Other cities like Waterloo , Guelph , Kingston , Barrie , and Scarborough also offer great options. The best part? We've put together similar lists for these cities too, so be sure to give those a look!