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Property Type: Detached HouseOwnership: FreeholdNEW LISTING
18 FALESY AVENUE
Kitchener, ON N2A1N8
MLS® X14120222
69
Walk Score
46
Transit
54
Bike
$529,900
2 bed2.5 bath2 parking
69
Walk Score
46
Transit
54
Bike
Property Details
Property & Lot
- Sub-type
- House
- Style
- Raised bungalow
- Stories
- 1
- Lot size
- 58.1 x 100.2 FT
- Frontage
- 58.1 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,704 (2025)
Interior
- Basement
- Partially finished, N/A
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Ground level | — |
| Dining room | Ground level | — |
| Kitchen | Ground level | — |
| Primary Bedroom | Ground level | — |
| Bedroom | Ground level | — |
| Family room | Basement | — |
| Recreational, Games room | Basement | — |
Description
Attention Investors, Contractors, Flippers & First-Time Home Buyers! Welcome to 18 Falesy Ave, a detached bungalow situated in a desirable and established Kitchener neighbourhood. Offering plenty of potential and an opportunity to add value, this property is ready for your vision and personal touch. The main floor features 2 comfortable bedrooms and a full 4-piece bathroom. The basement provides additional usable space with a family room with fireplace and a large recreation room and convenient 2-piece bathroom, offering flexibility for a variety of future uses. Whether you're looking to renovate and flip, explore a multi-unit conversion, or create your ideal starter home, this property presents an exciting opportunity. Take advantage of Kitchener's updated zoning regulations, which may permit up to 4 residential units on a qualifying lot. Subject to applicable requirements and municipal approvals, buyers may wish to explore possibilities such as a fourplex conversion or an additional residential unit in the backyard. Offered "AS-IS", the property requires some TLC but offers significant potential for the right buyer. Conveniently located near amenities and commuter routes, this could be an excellent opportunity for homeowners and investors alike. Buyer Due Diligence: Buyers are responsible for conducting their own due diligence and confirming all zoning, multi-unit development and permit possibilities directly with the City of Kitchener. The Seller and Listing Brokerage make no representations or warranties, expressed or implied, regarding the feasibility, zoning, or approval of any development or conversion of the property. Don't miss this opportunity to unlock the potential of 18 Falesy Ave. Schedule your private showing today! (id:63161)
Listing Information
- MLS®
- X14120222
- Tax assessment year
- 2025
- Data last synced
- October 28, 2026
GLOBAL BRICKS REALTY
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: GLOBAL BRICKS REALTY
MLS® Number: X14120222
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: 2 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: 5.3% ($27,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$423,920.00
Periodic payment — Principal & Interest (monthly)$2,734.99
Additional monthly expenses (condo fees, tax, utilities, etc.)$308.67
Total monthly cost$3,043.65
Interest paid over 5-yr term$121,496.69
Balance at end of term$381,317.41
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$27,990
Stress test qualifying rate8.19%
Payment you must qualify for$3,891.68
Cash Needed at Closing
Minimum down payment$27,990
Estimated Land Transfer Tax (LTT)$7,073
Legal / closing costs (typical estimate)$1,500
Total cash needed$36,563
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.
