$1,149,000 - 38 Shirk Place, Kitchener
Multi-Family for Sale in Kitchener
109 days on market- MLS Number
- X12704522
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 109
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- FLUX REALTY
Discover the one-of-a-kind Jacob Shoemaker estate built in 1840, a beautifully restored 1,500 sq ft luxury guest suite plus over 8,000 sq ft of unfinished space bursting with potential all nestled on a pristine 3/4 acre lot. Set in a legal four-plex on a private lot, this historic Georgian building pairs timeless character with modern sophistication. In 2021, the guest suite was fully renovated and showcases exceptional craftsmanship: in-floor heated bathroom, black walnut vanity, curbless shower with niche lighting, maple window sills, custom trim, elegant Adorne switches, and designer lighting throughout. The chef's kitchen features a gas range, 36" fridge, 8' maple island, counter-to-ceiling tile, custom hood, kick/valence/up lighting, and a pantry with custom drawers. Enjoy an open-concept layout, custom wood beams, main-floor laundry, custom walk-in closet, and a finished loft with exposed brick. The main building is a blank canvas of architectural beauty-with original triple brick walls, soaring timber-framed ceilings, and exposed beams providing a rich architectural foundation. The bones are solid, the spaces are grand, and the light pours in through tall sash windows that frame tree-lined views. Historic millwork, wide-plank floors, and vintage fireplaces offer the character modern builds can't replicate. This property is ideal for investors, custom builders, or creative homeowners who want to build a masterpiece-from boutique guesthouses to a spectacular personal residence. Whether your vision includes a gourmet kitchen, a multi-car garage, a private gym, or a 2nd & 3rd floor balcony, the space is here! Tucked away on a private, forested lot offering peaceful seclusion just minutes from city amenities-perfect for those seeking a prestigious estate with character and presence. This property offers both immediate comfort and long-term creative freedom-a true masterpiece in the making which you'll need to see for yourself to truly appreciate.
Estimate your monthly payments for this property
Estimated Payment
$5,082.41/mo
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.
38 Shirk Place, Kitchener
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Rental income estimator & ROI calculator
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 $766/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 109 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.
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 $4,788 (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.