$899,900 - 118 Chandler Drive, Kitchener
Multi-Family for Sale in Kitchener
89 days on market- MLS Number
- X12888118
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 89
- Bedrooms
- 8
- Bathrooms
- 3
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- Keller Williams Home Group Realty
Opportunities like this don't come around often. Welcome to 118 Chandler Drive, a well maintained legal purpose built triplex tucked into a quiet, family friendly Kitchener neighbourhood. Whether you're an investor looking for a stable income producing property or a family searching for a home that allows multiple generations to live together while building long term wealth, this property offers the perfect blend of comfort, flexibility and future potential. Large windows fill each unit with natural light, while practical layouts create homes that feel open, comfortable and highly functional for everyday living. The units feel spacious, making them especially attractive for long term tenants and growing families. Several key updates have already been completed, including unit renos in recent years, a new roof new hot water tank providing confidence in the condition of the property while allowing the next owner to focus on maximizing its potential. There's also coin operated laundry, offering an additional revenue stream with minimal effort. What truly sets this property apart is the opportunity for future growth. The generous lot and rear yard space invite buyers to imagine the potential of adding a 4th unit, possibly an Accessory Dwelling Unit in the backyard. For investors, this could significantly increase cash flow and overall property value. For multi generational families, it creates the possibility of a private living space for parents, adult children or extended family while still being close by. Location is another major advantage. The property is conveniently located near schools, parks, shopping, public transit and major commuter routes, making it highly appealing for both tenants and homeowners. Ample parking and a spacious lot add to its practicality. Whether you're building your investment portfolio or creating a home where multiple generations can thrive together, 118 Chandler Drive offers stability today and exciting possibilities for the future.
Estimate your monthly payments for this property
Estimated Payment
$4,616.95/mo
Includes CMHC insurance ($25,107)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Kitchener
Kitchener is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Kitchener
- •Convenient location in Kitchener
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Kitchener offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
118 Chandler Drive, Kitchener
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $300/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 89 days on site, this property has exceeded the typical selling timeline for Kitchener. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 8 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Kitchener.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Kitchener properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,750 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.