$885,000 - 152 Kinzie Avenue, Kitchener
Multi-Family for Sale in Kitchener
79 days on market- MLS Number
- X12946434
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 79
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- ENGEL & VOLKERS WATERLOO REGION
Truly a rare find! This OWNER OCCUPIED legal duplex bungalow sits on an impressive 90 ft frontage lot ( Double lot with potential for severance) and features an oversized double detached garage plus parking for four additional cars on the driveway. Perfect for owner-occupiers or investors, this property has been owner-occupied and meticulously maintained-showing true pride of ownership. The upper unit offers three spacious bedrooms, a full bath, a large eat-in kitchen, a formal dining room, and an oversized living room filled with natural light. The bright lower unit features two bedrooms, a full bath, a generous eat-in kitchen, a formal dining room, and a spacious living room with sunshine windows. Each unit has a separate entrance and shares a common laundry area for convenience. Enjoy a private, fully fenced backyard with a storage shed-ideal for gardening or relaxing outdoors. Located just 3 minutes from Highway access, major shopping malls, grocery stores, and everyday amenities. Whether you're looking to live in one unit and rent the other, this property offers excellent flexibility and long-term value.
Estimate your monthly payments for this property
Estimated Payment
$4,540.51/mo
Includes CMHC insurance ($24,692)
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.
152 Kinzie Avenue, 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 $805/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 79 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.
Excellent Flexibility
With 5 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.
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 $3,688 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.