$299,900

For sale

427 DUKE Street West, Kitchener - Single Family for Sale

427 DUKE Street West, Kitchener, Ontario, N2H3Y6

2 beds2 baths4 parking1,086 ft²Listed 14 days ago

Overview

This 2-bedroom, 2-bathroom home in Kitchener is for sale offering roughly 1,086 sq ft of space. It has been on the market 14 days, fresher than the Kitchener average of 53 days.

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Description

Investors, Flippers & Families! Rare Midtown Corner Lot with massive potential available for the first time in 40+ years! This 1902 detached home sits on a premium 40’ x 119’ corner lot in a rapidly appreciating Midtown pocket near DTK, transit, and the Spur Line Trail. Surrounded by $1M+ redevelopments, this property offers ultimate flexibility for a high-end family renovation or a high-yield investment project. The existing 2- bed, 1.5-bath character home features great bones and excellent holding value. Major mechanical updates offer immediate peace of mind, including a furnace replaced in 2025 and a newer main roof from 2020. Move in, rent out, or renovate while finalizing your permits. The high density RES-5 zoning and dual street exposure are perfectly primed for intensification under Kitchener’s Growing Together framework. Capitalize on the corner configuration for separate unit entrances and streamlined parking logistics to build cluster townhouses, a multi-unit conversion, or an accessory dwelling. Best of all, leverage the 10 unit threshold for an expedited Zoning Certificate process, bypassing complex site plans. Whether you want to restore a piece of history or build a multi-unit legacy project, this prime piece of Midtown’s future is a must-see! (id:66096)

Property Details

MLS®: 40872946
Property Type: Single Family
Zoning: RES-5/ Light Industrial
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 4
Interior Size: 1,086 ft²
Frontage: 40 ft
Year Built: 1902
Storeys: 2
Style: Other
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: Window air conditioner
Garage: Detached Garage
Ownership

Rooms

Main level

Mud room: 6'3'' x 7'9''
Office: 7'6'' x 9'5''
Dining room: 9'10'' x 12'5''
Living room: 10'6'' x 11'7''
Kitchen: 11'3'' x 12'5''

Second level

Bedroom: 9'3'' x 10'11''
Primary Bedroom: 9'8'' x 10'11''
4pc Bathroom

Basement

2pc Bathroom

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Satellite Dish, Stove, Dryer, Freezer
Foundation: Stone
Exterior: Brick, Vinyl siding
Lot Features: Cul-de-sac, Corner Site

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Kitchener listings, avg age

53d

Price / ft²

$276

List price

$300K

Homes here sell faster than most markets

Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Kitchener has been listed for 14 days, which is 39 days fresher than the city average of 53. Act while there is still low competition.

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Listed by Royal LePage Wolle Realty · MAT WOJTAS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2H)

This home lists at $299,900, about 4.1× the local median household income of $73,500.

Carrying it typically needs a household income of about $58,581 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $73,500
Population: 22,456
Median age: 38.4
Owner / renter: 49% / 51%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA N2H)

$299,900· $276/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,995

Min 5%50%

Mortgage payment$1,580/mo

↳ CMHC premium ($11,396 capitalized)

Property tax (est.)$291/mo

Total monthly$1,870

Cash Needed to Close

Down payment (5%)$14,995

Land transfer tax$2,974

Est. closing costs$3,400

Total cash needed$21,369

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