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Property Type: Detached HouseOwnership: Freehold
20 FAIRVIEW Avenue
Kitchener, ON N2H3E8
MLS® 40871297
$575,000
4 bed2 bath6 parking1,626 sqftBuilt 1922
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 50 feet
R2B
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,531
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Main level | — |
| Laundry room | Basement | 6'8'' x 9'7'' |
| Eat in kitchen | Main level | 10'0'' x 14'1'' |
| Dining room | Main level | 12'3'' x 13'10'' |
| Living room | Main level | 12'4'' x 15'4'' |
| 4pc Bathroom | Second level | — |
| Bedroom | Second level | 10'5'' x 10'7'' |
| Bedroom | Second level | 8'3'' x 17'3'' |
| Bedroom | Second level | 10'6'' x 10'8'' |
| Primary Bedroom | Second level | 11'9'' x 14'11'' |
| Attic | Third level | 10'11'' x 24'7'' |
Description
Opportunity, character, and endless potential await! This classic 4-bedroom, 2-bath home is ready for its next chapter and offers the perfect canvas for someone with vision. Situated on a large, beautifully treed lot on a mature street just steps from downtown, this property combines an exceptional location with unlimited possibilities. The welcoming full-width covered front porch sets the tone, while inside you'll find spacious principal rooms including an eat-in kitchen, formal dining room, and a comfortable living room with a cozy wood stove. Original woodwork throughout adds warmth, charm, and timeless character that simply can't be duplicated. This home requires extensive updating but offers incredible potential to become a stunning family residence or, a potential duplex investment. The unfinished walk-up attic offers excellent potential for future living space, while an upper walk-out porch off one of the bedrooms adds even more character and charm. The true showstopper is the spectacular backyard. The oversized, beautifully treed lot provides exceptional privacy and plenty of room for gardens, entertaining, family gatherings, or simply enjoying your own peaceful outdoor retreat. Recent improvements include a new roof and eavestroughs (2022), two attic windows replaced (2022), and a new furnace (2017), providing a solid starting point for your renovation plans. Additional features include a detached garage, a long private driveway with parking for 4-5 vehicles, a covered rear entry porch, and a flexible closing date. Bring your imagination and restore this character-filled home to its full potential. Great chance for a property with this much charm, such an incredible lot, and so much opportunity come to market! (id:63159)
Listing Information
- MLS®
- 40871297
- Data last synced
- October 20, 2026
RE/MAX Real Estate Centre Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX Real Estate Centre Inc.
MLS® Number: 40871297
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
$354/sqft
Building average
—
No other active listings in this building
212 - Downtown Kitchener/East Ward average
$395/sqft
31 active listing(s)
Parking: 6 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: 5.7% ($32,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$460,000.00
Periodic payment — Principal & Interest (monthly)$2,967.76
Additional monthly expenses (condo fees, tax, utilities, etc.)$458.58
Total monthly cost$3,426.35
Interest paid over 5-yr term$131,837.32
Balance at end of term$413,771.49
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$32,500
Stress test qualifying rate8.19%
Payment you must qualify for$4,206.40
Cash Needed at Closing
Minimum down payment$32,500
Estimated Land Transfer Tax (LTT)$7,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$41,975
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.
