240 DUKE Street, Kitchener, ON
Property Highlights
Welcome to this remarkable 3-Storey fourplex located in the coveted neighborhood of Kitchener. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,399,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 62.31 x 181.16 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This VACANT fully renovated 4-Plex is an investors dream. In an excellent area with numerous advantages in central location close to downtown Kitchener, near shopping, businesses, restaurants & public transit. This updated 4-Plexoffering new kitchens with quartz counters, backsplash and laminate flooring. The amazing property includes 1-4-bedroom unit with separate side entrance, 2- 2bedroom units and 1-1 bedroom unit. Parking for 6 that allow ample parking for all tenants. Plenty of space for each tenant to entertain in the yard. Ready to be leased, Set your own rents. Great opportunity. Don't delay on this opportunity to be a landlord! Photos have been virtually staged.
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Property Summary
This fourplex located at 240 DUKE Street, Kitchener is currently for sale and has been available on SousaSells for 773 days. This property is listed at $1,399,999 with an estimated mortgage of $4,660* per month. It has 5 beds, 3 bathrooms, and is 3500-5000 square feet. 240 DUKE Street, Kitchener
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 240 DUKE Street E, Kitchener, ON N2H 1B3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Kitchener, ON
For a property listed at $1,399,999 in Kitchener, the legal minimum down payment is $280,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $24,475 for this transaction. As this listing is in Kitchener (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $24,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.