Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Kitchener. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $649,000 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.
Perched on a hill overlooking the city, this charming 3-bedroom, 2-bathroom century home pairs original character with thoughtful, extensive updates. Thick brick walls quiet the outside world, while large windows and high ceilings keep the main floor bright and open. The kitchen was fully renovated in 2021, alongside new main level flooring and a new furnace and A/C. Since then, the home has continued to be cared for with the same attention: new windows in 2023, a renovated basement bathroom that same year, an updated patio and landscaping in 2022, a deck and pergola added in 2024, and new basement flooring and steps completed in 2026. On the second level you'll find a completely remodeled 5-piece bathroom with freestanding soaker tub, completed in 2025. The layout is well-suited to a variety of living arrangements, with no shortage of storage throughout. Outside, the lot is generous for its downtown setting - a rare find this close to the core. The neighbourhood is friendly, you're walking distance to both primary and high schools, close to the Iron Horse Trail and nearby parks, and just steps from an LRT stop. The surrounding area has seen a steady arrival of great restaurants, bakeries, and grocery stores, all within an easy walk, while highway access remains close by. A home with history, well-maintained and ready for its next chapter.
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Park, School
In-Law Capability, Water Softener
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 40 Madison Avenue S, Kitchener, ON N2G 3M5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Kitchener.
About Purchasing a Home in Kitchener, ON
For a property listed at $649,000 in Kitchener, the legal minimum down payment is $39,900 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 $9,455 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 $9,455.
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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.