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Property Type: Detached HouseOwnership: Freehold
102 MASSEY AVENUE
Kitchener, ON N2C1M5
MLS® X13853362
$979,000
6 bed3 bath3 parking
Amenities
Also listed: Separate Electricity Meters
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Lot size
- 50.8 x 109.1 FT ; 59.86 ft x 110.00 ft
- Frontage
- 50.9 feet
R2A
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,725.89 (2025)
Interior
- Basement
- Finished, Separate entrance, N/A, N/A
- Heating
Description
Rare 3 Unit Property in the Heart of Kitchener!Welcome to this versatile and income-generating property featuring 3 separate units, making it an excellent opportunity for homeowners, investors, or multi-generational families.Unit 1: Main-floor bungalow featuring 3 bedroomsUnit 2: Legal basement apartment with separate entrance and 2 bedroomsUnit 3: Newly built legal 1-bedroom backyard apartment-style unitThe property has been thoughtfully upgraded, including new flooring, updated bathrooms and kitchens, new appliances, basement windows, new airconditioner, new heat pump for backyard unit and a newly constructed backyard unit. All available City permit documentation is attached to the listing.Enjoy the flexibility to live in one unit and rent the other two, occupy two units and rent one, accommodate a large or multi-generational family across all three units, or rent out all three units for potential rental income.A unique opportunity to own a legal 3-unit property in a prime Kitchener location with multiple living and investment possibilities. (id:63159)
Listing Information
- MLS®
- X13853362
- Tax assessment year
- 2025
- Data last synced
- October 3, 2026
YOUR GTA REAL ESTATE INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: YOUR GTA REAL ESTATE INC.
MLS® Number: X13853362
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Kitchener average
$400/sqft
504 active listing(s)
Parking: 3 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Kitchener-Waterloo
4°C
Mist
Humidity 97%
Wind N 4 km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
256,885
(2021 Census)
+10.1% since 2016
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 7.4% ($72,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$783,200.00
Periodic payment — Principal & Interest (monthly)$5,052.94
Additional monthly expenses (condo fees, tax, utilities, etc.)$310.49
Total monthly cost$5,363.43
Interest paid over 5-yr term$224,467.37
Balance at end of term$704,490.93
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$72,900
Stress test qualifying rate8.19%
Payment you must qualify for$7,025.66
Cash Needed at Closing
Minimum down payment$72,900
Estimated Land Transfer Tax (LTT)$16,055
Legal / closing costs (typical estimate)$1,500
Total cash needed$90,455
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
