$750,000 - 64 Sheldon Avenue, Kitchener
Multi-Family for Sale in Kitchener
- MLS Number
- X13164122
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 28
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- RE/MAX ICON REALTY
Welcome to 64 Sheldon Avenue - a rare opportunity to own a spacious legal duplex in Kitchener's highly desirable East Ward. Situated on a quiet, tree-lined street just minutes from Downtown Kitchener, the LRT, public transit, shopping, and major highways, this property offers exceptional flexibility for homeowners and investors alike. Whether you are looking for a mortgage helper, multigenerational living, or a turnkey investment property, this home delivers. The lower level features a beautifully renovated (2017) 1-bedroom, 1-bathroom suite complete with a separate entrance, private laundry, dedicated parking, and its own fully fenced backyard space - perfect for tenants or extended family. The upper unit offers the ideal family layout with three spacious bedrooms and a full bathroom upstairs. The main floor features an updated kitchen with room for a breakfast nook or home office, a bright dining area, comfortable living room, and an additional bathroom. Fresh paint throughout gives the space a clean, move-in-ready feel, while the primary bedroom opens onto a private patio rebuilt in 2020. Outside, the main unit enjoys an attached garage with direct interior access, a fully fenced side yard, newer decks, and a storage shed. Both units have separate laundry, parking, and private outdoor areas, making this property highly functional for owner-occupants and tenants alike. The upper unit is currently vacant, allowing the new owner to set their own rental rates or move in immediately. Located close to the Kitchener Auditorium, Highway 8, the 401, schools, parks, and transit, this is an incredible opportunity in one of Kitchener's most established neighbourhoods. Immediate possession available for the upper unit.
Estimate your monthly payments for this property
Estimated Payment
$3,847.89/mo
Includes CMHC insurance ($20,925)
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.
64 Sheldon 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 $500/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 28 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Kitchener. Good resale value as demand remains consistent.
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 $3,125 (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.