$785,500 - 193 Madison Avenue, Kitchener
Detached for Sale in Kitchener
New — Listed yesterday- MLS Number
- X13443184
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- RIGHT AT HOME REALTY
Discover a unique and versatile home in one of Kitchener's vibrant and convenient communities. Set on an oversized lot with modern curb appeal, this property offers exceptional flexibility for multigenerational living extended family use The home features multiple finished living areas, separate kitchen areas, updated bathrooms, refreshed flooring, fresh paint.The layout is designed to offer practical separation while still functioning comfortably as one single-family home. The second floor includes three rooms currently used as bedrooms and one bathroom. The main floor includes one bedroom, a living room, two kitchens, and two bathrooms. The basement includes two bedrooms, a living room, bathroom, and utility room. The Garage modified to detached rear workshop provides a large open-concept storage/workshop area, bonus room for office & bathroom.Conveniently situated near LRT & bus transit, with quick access to Highway 7/8, Downtown Kitchener, Google Canada, and St. Mary's Hospital, this home offers both accessibility and flexibility. The updated finishes, functional layout, and additional usable space make it appealing for a variety of buyers and living arrangementsImprovements / Upgrades: 2020 Sewer and water main replacement completed; front deck/porch structure repaired; CAC installed. 2021: Main floor large bathroom renovated. 2022: Detached workshop/storage bathroom renovated; main floor bathroom window and upper floor small room window replaced; rental HWT installed; New furnace installed; 2023: Dormer siding replaced and gutters replaced; 2024: Concrete parging completed on three sides of the house. 2025: Sump pump replaced; two rear exit doors replaced; three egress-style basement windows replaced; second floor, main floor smaller, and basement bathrooms updated/renovated; full house flooring replaced; 2026 whole house including front deck / porch freshly painted. The seller do not warrant retrofit status of basement / duplex
Estimate your monthly payments for this property
Estimated Payment
$4,030.02/mo
Includes CMHC insurance ($21,915)
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.
193 Madison 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 $714/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Kitchener's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Kitchener are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 6 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 5 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 $3,273 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.