$999,000 - 23 Doon Creek Street, Kitchener
Detached for Sale in Kitchener
108 days on market- MLS Number
- X12747464
- Property Type
- Detached
- Status
- active
- Days on Site
- 108
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- EXP REALTY
*** LEGAL DUPLEX***Welcome to 23 Down Creek Street, Kitchener, a rare legal duplex backing onto a beautiful conservation area, offering an exceptional blend of space, income potential, and lifestyle. Surrounded by nature and filled with natural light, this home is ideal for families, multi-generational living, or investors looking for a strong mortgage helper. The main residence features 4 spacious bedrooms and 2 full bathrooms, thoughtfully laid out for everyday comfort. The main floor impresses with a large, open kitchen complete with a huge island, perfect for entertaining, along with a generous dining area that comfortably seats up to 10 people. The bright living room, highlighted by a stone fireplace, creates a warm and inviting atmosphere with plenty of windows throughout. Upstairs, you'll find 4 generously sized bedrooms, upper-floor laundry, and well-appointed bathrooms, making daily living convenient and functional for a busy household. The fully furnished walk-out basement apartment includes 2 bedrooms and 1 full bathroom, a separate entrance, and is ready to rent, offering an income potential of up to $2,000 per month. This space is ideal for extended family, guests, or tenants while maintaining privacy for both units. The home boasts a massive backyard with unobstructed views of the conservation area, filled with wildlife and natural beauty. Enjoy over 700 sq. ft. of upper + lower deck space with elegant glass railings, perfect for taking in the views for tenants or extended family to enjoy. Additional features include a double-car garage which is one foot wider than the standard, triple-car driveway, central vacuum system and excellent curb appeal. Conveniently located close to Conestoga College, steps to public transit, and minutes from schools, shopping, restaurants, trails, and all amenities, with easy access to Hwy 401 for commuters. This is a rare opportunity to own an income-generating property in a sought-after location.
Estimate your monthly payments for this property
Estimated Payment
$5,125.39/mo
Includes CMHC insurance ($27,872)
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.
23 Doon Creek Street, 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 $666/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 108 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.
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 $4,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.