$849,999 - 61 WATERLOO Street, Kitchener
Detached for Sale in Kitchener
116 days on market- MLS Number
- X12767854
- Property Type
- Detached
- Status
- active
- Days on Site
- 116
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- RE/MAX TWIN CITY REALTY INC.
LARGE LEGAL DUPLEX A STONE'S THROW FROM GOOGLE, GO TRAIN AND THE DOWNTOWN CORE! VACANT MAIN HOME. Welcome to 61 Waterloo Street, Kitchener - a well-maintained 2-storey legal duplex offering versatility, strong rental potential, and an unbeatable central location. Unit #1 features carpet-free living with an open-concept kitchen and dining area, complete with stainless steel appliances. Enjoy the enclosed front porch, perfect for morning coffee or extra living space. This unit offers 3 bedrooms, including a spacious primary bedroom with a 3-piece ensuite, plus an additional 4-piece shared bathroom and den - ideal for a home office, nursery, or study area. Unit #2 offers carpet-free living, open-concept layout with a functional living space, in-suite laundry, and a 4-piece bathroom-perfect for tenants or extended family. Ideally located minutes to Highway access, Google, Grand River Hospital, GO Transit, and Kitchener's downtown core, this property is an excellent opportunity for investors or owner-occupiers looking to live in one unit and rent the other. A rare chance to own a legal duplex in a prime Kitchener location-don't miss it.
Estimate your monthly payments for this property
Estimated Payment
$4,360.93/mo
Includes CMHC insurance ($23,715)
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.
61 WATERLOO 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 $567/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 116 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 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 $3,542 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.