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Property Type: Detached HouseOwnership: Freehold
138 GLASGOW Street
Kitchener, ON N2G2G9
MLS® 40843587
$499,000
3 bed2 bath3 parking1,350 sqftBuilt 1925
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Frontage
- 40 feet
R2B
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,921
Interior
- Basement
- Unfinished, Partial
- Heating
- Natural gas
- Cooling / A/C
- None
- Fireplace
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Second level | — |
| 3pc Bathroom | Main level | — |
| Bedroom | Second level | 8'0'' x 8'11'' |
| Bedroom | Second level | 8'11'' x 10'0'' |
| Bedroom | Second level | 8'11'' x 10'0'' |
| Bonus Room | Main level | 4'11'' x 16'11'' |
| Dining room | Main level | 10'0'' x 10'11'' |
| Living room | Main level | 10'0'' x 10'0'' |
Description
Welcome to 138 Glasgow St, Kitchener, a fully renovated 1,350 sq ft home sitting on a rare 40 x 120 ft lot – deep enough for future laneway house potential . The side door entrance allows for a separate basement access, creating an excellent opportunity to add rental income through a basement unit. Located just steps from Belmont Village, you'll enjoy local favourites like The Bauer Kitchen, Café Pyrus Outpost, Sobeys, and William's, and you're only minutes to Victoria Park, Westmount Golf & Country Club, and the Iron Horse Trail for walking and biking. Westmount Public School is within walking distance, and the Google Waterloo office is a quick commute away – making this an ideal investment property for cash flow, future development, or both. (id:63159)
Listing Information
- MLS®
- 40843587
- Data last synced
- October 3, 2026
HOMELIFE LANDMARK REALTY INC
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: HOMELIFE LANDMARK REALTY INC
MLS® Number: 40843587
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 Cornerstone Association of REALTORS®.
Values & Trends
This listing
$370/sqft
Building average
—
No other active listings in this building
415 - Uptown Waterloo/Westmount average
$541/sqft
22 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: Cambridge
3°C
Fog
Humidity 98%
Wind NE calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
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: 5.0% ($24,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$399,200.00
Periodic payment — Principal & Interest (monthly)$2,575.50
Additional monthly expenses (condo fees, tax, utilities, etc.)$394.75
Total monthly cost$2,970.25
Interest paid over 5-yr term$114,411.87
Balance at end of term$359,081.69
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$24,950
Stress test qualifying rate8.19%
Payment you must qualify for$3,675.66
Cash Needed at Closing
Minimum down payment$24,950
Estimated Land Transfer Tax (LTT)$6,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,905
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.
