46 CHERRY STREET, Kitchener
$895,000
For sale: Multiplex
- Property type
- Triplex
- Bedrooms / bathrooms
- 4 bedrooms, 3 bathrooms
- Living area
- 2,000 sqft
- MLS®
- MLS® X13756402
A rare opportunity in a highly convenient central location! Built in 1919, this charming century home combines timeless character with an impressive income-producing setup. With easy access to the 401, LRT, schools, shopping and the hospital, this property offers both convenience and versatility.Currently operating successfully as an Airbnb, the home features three separate, fully equipped units - two 1-bedroom suites and a spacious 2-bedroom unit. Each unit comes complete with appliances and furnishings, making this a truly turnkey investment opportunity.Outside, the beautifully landscaped and tiered backyard offers a peaceful retreat and backs directly onto scenic Cherry Park. Additional features include a unique two-storey garage and a separate cozy bunkie, providing excellent storage and added flexibility.Whether you're looking for a proven income property, a multi-generational home, or a residence with the potential for multiple living spaces, this one-of-a-kind property offers plenty of possibilities in a location that is hard to beat.
Sold data
Multiplex homes in Kitchener — recent sold market
Multiplex homes in Kitchener took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 65, across 43 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 54 days.
The median sale price was $760,000.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 23% of sales closed above the list price.
Around 21% of sellers reduced their price before finding a buyer.
- Median days to sell
- 32
- Median sale price
- $760,000
- Sale-to-list ratio
- 96.8%
- Sold above asking
- 23%
Based on 43 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
Schools in Kitchener
Kitchener has 66 Fraser Institute–rated schools (57 elementary and 9 secondary), averaging 5.8/10.
- Rated schools
- 66
- Elementary
- 57
- Secondary
- 9
- Average rating
- 5.8 / 10
Top-rated schools in Kitchener
- David Saint-Jacques — secondaryFraser rating 8.4/10
- St. Josephine Bakhita — elementaryFraser rating 7.9/10
- J W Gerth — elementaryFraser rating 7.7/10
- Pope John Paul II — elementaryFraser rating 7.6/10
- St Teresa — elementaryFraser rating 7.6/10
- Cameron Heights — secondaryFraser rating 7.5/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 46 CHERRY STREET
$990,000
Multiplex6+231,500–2,000 sqft18 HIGH STREET, Waterloo
$899,000
Detached4+131,500–2,000 sqft537 HAVENDALE PLACE, Waterloo
$950,000
Detached4+131,100–1,500 sqft112 MICHENER CRESCENT, Kitchener
$949,000
Detached431,100–1,500 sqft555 KILLBEAR COURT, Waterloo
$849,999
Detached4+132,000–2,500 sqft231 STEEPLERIDGE STREET, Kitchener
$999,900
Detached4+132,000–2,500 sqft629 WILD RYE STREET, Waterloo
$849,900
Detached4+131,100–1,500 sqft46 MCLACHLAN PLACE, Willow West/Sugarbush/West Acres, Guelph
$939,000
Detached4+231,100–1,500 sqft12 BROCK STREET, Pineridge/Westminster Woods, Guelph