59 CHERRY STREET, Kitchener
$699,999
For sale: Multiplex
- Property type
- Duplex
- Bedrooms / bathrooms
- 4 bedrooms, 3 bathrooms
- Living area
- 2,000 sqft
- MLS®
- MLS® X13875316
Attention investors, multi-generational families, and savvy house-hackers! Welcome to 59 Cherry Street perfectly situated in Kitchener's historic and highly desirable Cherry Hill/Mill-Courtland neighbourhood. Perfectly suited for multi-generational families, house-hackers, or long-term investors, this property seamlessly blends vintage warmth with rare development upside; long-term rental income, or a unique short-term boutique destination. Boasting an incredible 9.2/10 "Biker's Dream" rating and an ultra-walkable score, the home offers a lifestyle of pure convenience. Inside, the versatile layout is set up as a live-in mortgage helper or a high-yield investment, with the added bonus of a spacious, unfinished attic awaiting your creative touch-perfect for a future primary retreat, studio, or loft. Outside, the deep backyard offers the unique and lucrative potential to build an additional garden suite, providing a clear path for future expansion or an entirely separate income stream This property delivers the perfect balance of 1920s nostalgia and modern financial opportunity.
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 17 days and the slowest quarter taking more than 65, across 42 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 52 days.
The median sale price was $749,450.
Homes sold for about 3.5% below asking on average, so there was room to negotiate.
About 26% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
- Median days to sell
- 32
- Median sale price
- $749,450
- Sale-to-list ratio
- 96.5%
- Sold above asking
- 26%
Based on 42 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 59 CHERRY STREET
$735,000
Multiplex4+131,100–1,500 sqft67 KINZIE AVENUE, Kitchener
$688,000
Semi-Detached/Link4+131,100–1,500 sqft206 BUTTERCUP COURT, Waterloo
$695,000
Townhouse4+131,200–1,399 sqft35 - 50 PINNACLE DRIVE, Kitchener
$799,999
Detached431,500–2,000 sqft221 CEDARWOODS CRESCENT, Kitchener
$779,000
Semi-Detached/Link432,000–2,500 sqft91 WOODEDGE CIRCLE, Kitchener
$799,999
Detached432,000–2,500 sqft147 SIEBERT AVENUE, Kitchener
$834,900
Detached431,500–2,000 sqft23 ROUTLEY STREET, Kitchener
$599,000
Townhouse4+131,500–2,000 sqft7 SPORTSMAN HILL STREET, Kitchener