46 Cherry Street, Kitchener, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey triplex located in the coveted neighborhood of Kitchener. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $899,000 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.
- 4 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 33.06 x 166.07 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Separate Hydro Meter
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Centrally located in a prime area with seamless access to the 401, LRT, schools, shopping, and the hospital, this charming century home built in 1919 offers a perfect blend of character and convenience. Currently operated as a successful AirBnB, it features three separate, fully-equipped units: two 1-bedroom suites and one spacious 2-bedroom unit, all with appliances and furnishings included for a turnkey experience. The beautifully tiered backyard backs onto the scenic Cherry Park, adding a serene touch to the property's lush landscaping. With a unique two-storey garage and a separate cozy bunkie, this home is an ideal high-income investment or a fantastic, flexible family residence!
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Greenbelt/Conservation, Fenced Yard, Place Of Worship, Public Transit, School
Interior Features
Separate Hydro Meter
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 46 Cherry Street, Kitchener, ON N2G 2C6
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 $899,000 in Kitchener, the legal minimum down payment is $64,900 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 $14,455 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 $14,455.
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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.