$797,911 - 200 Madison Avenue, Kitchener
Detached for Sale in Kitchener
42 days on market- MLS Number
- X13090480
- Property Type
- Detached
- Status
- active
- Days on Site
- 42
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- EXP REALTY
Discover a unique (2 in-law suites and 2 backyards) and versatile home set in one of Kitchener's most vibrant communities. Showcasing a modern, newly renovated design and eye-catching curb appeal, this property offers the perfect blend of style, space, and income potential. Step inside to an open-concept main floor featuring a seamless living, kitchen, and dining area, great for both everyday living and entertaining. The main level also includes a convenient laundry room and a 2-piece bath. Upstairs, you'll find four spacious bedrooms along with a comfortable family room, providing plenty of space for a growing family. Enjoy outdoor living with a fenced backyard and private patio, perfect for relaxing or hosting guests. Adding exceptional versatility, the home includes a 1 bedroom accessory apartment with a 3-piece bath, its own separate entrance, and private backyard space, ideal for extended family or income potential. The finished basement expands your living space with a wet bar, 3-piece bath, and an additional laundry room. Positioned for ultimate convenience, this home is just a short walk to LRT transit and bus routes, with quick access to Highway 7/8 and only minutes from the Kitchener Farmers' Market and St. Mary's Hospital, making daily commuting and errands effortless. Complete with a single-car garage and parking for two more vehicles in the driveway, this fantastic layout delivers modern living with exceptional flexibility. Notable updates: Furnace & A/C ~2021, Most Windows ~2021, Roof ~2018, Stucco ~2021. A rare opportunity you won't want to miss!
Estimate your monthly payments for this property
Estimated Payment
$4,129.43/mo
Includes CMHC insurance ($28,725)
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.
200 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 $532/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.
Market Position
At 42 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 4 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 $3,325 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.