$599,900
For sale: Multiplex

This versatile 4-bedroom, 2-bathroom home offers the opportunity of modern family comfort, incredible investment potential, or an ideal mortgage-helper setup. The main floor welcomes you with a bright, open-concept layout that effortlessly connects the living spaces to a beautifully updated kitchen with granite countertop, creating the perfect hub for everyday family living. The smart layout features one bedroom on the main floor and two spacious bedrooms upstairs, while the fourth bedroom is located in the basement. The lower level serves as a massive asset, doubling as a spacious family room or converting easily into a completely separate duplex unit. This private basement space comes equipped with its own kitchen, living room, and bathroom, offering an exceptional opportunity to generate rental income to offset your mortgage or house extended family. Outside, the property shines with a large lot situated on a peaceful, quiet street, featuring a detached garage that is perfectly suited to park the car or become a dream workshop, man cave or she shack.
Sold data
Multiplex homes in Kitchener took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 64, across 44 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 76 days.
The median sale price was $755,000.
Homes sold for about 3.0% below asking on average, so there was room to negotiate.
About 25% of sales closed above the list price.
Around 20% of sellers reduced their price before finding a buyer.
Based on 44 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Kitchener has 66 Fraser Institute–rated schools (57 elementary and 9 secondary), averaging 5.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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