654 ROCKWAY Drive

About this home.

Attention builders / developers !!Rare opportunity to develop or renovate in the prestigious Rockway Gardens neighbourhood! Take advantage of the reduced developments Charges. Buyers are lining up at New home builders because of HST rebate. Exceptional 110-ft wide lot backing onto Rockway Park and fronting onto Rockway Golf Course, offering beautiful green space views in a mature, established community. Ideally located within walking distance to Downtown Kitchener, close to restaurants, shopping, parks, transit and minutes to the Conestoga Parkway for easy commuting. This premium lot presents outstanding development potential for builders and investors. With 110 ft of frontage, explore possibilities such as severance into two large estate lots or potential for four semi-detached homes or four executive townhomes A rare chance to secure a prime property in one of Kitchener’s most desirable neighbourhoods. (id:59491)

The full record.

How this listing prices against Downtown/Rockway/S. Ward.

Downtown/Rockway/S. Ward had only 3 sales but 43 active listings, making it one of the softer markets in the city by supply balance. The average price was $522,000, well below the city average, and homes sold in 13 days at 97.75 percent of list, so the few successful listings moved efficiently. The challenge here is depth of demand rather than pricing on the homes that do sell. This is a neighbourhood where condos heavily shape the overall picture.

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