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Property Type: Detached HouseOwnership: Freehold
27 OAK Street
Kitchener, ON N2G1L4
MLS® 40835958
$474,900
3 bed3.5 bath4 parking1,374 sqftBuilt 1925
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Lot size
- 0.15 acres
- Frontage
- 50 feet
SGA-2 (18H)
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,233
Interior
- Basement
- Partially finished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Basement | — |
| Eat in kitchen | Basement | — |
| 3pc Bathroom | Second level | — |
| 2pc Bathroom | Main level | — |
| Bedroom | Second level | 8'9'' x 13'8'' |
| Bedroom | Second level | 9'9'' x 8'9'' |
| Bedroom | Second level | 9'9'' x 11'0'' |
| Den | Main level | 18'9'' x 9'9'' |
| Eat in kitchen | Main level | 18'9'' x 11'6'' |
Description
VENDOR TAKE-BACK (VTB) FINANCING AVAILABLE UPON APPROVAL! Exceptional, high-density redevelopment opportunity located in the absolute heart of Downtown Kitchener's premier tech and innovation core. This 50-foot frontage by 132-foot deep rectangular infill lot features highly coveted SGA-2 (Strategic Growth Area) zoning, unlocking massive potential for a high-yield Missing Middle multi-unit project, stacked townhouses, or a boutique multi-residential build. The existing brick structure was previously utilized as a duplex, configured with 3 bedrooms and 2 bathrooms on the upper level. Furnace replaced 2025. Unbeatable tech-hub demographics drive this location, commanding immense demand from an influx of high-earning tech professionals, medical staff, and academics. You are steps away from global anchors including the Google Canada HQ, Communitech, and the Velocity incubator, alongside top-tier educational hubs like the University of Waterloo School of Pharmacy, McMaster School of Medicine, and Conestoga College. Enjoy immediate access to Victoria Park, upscale dining, and the LRT transit system. The property is being sold As-Is, Where-Is condition. (id:63159)
Listing Information
- MLS®
- 40835958
- Data last synced
- September 15, 2026
RE/MAX TWIN CITY REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX TWIN CITY REALTY INC.
MLS® Number: 40835958
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
$346/sqft
Building average
—
No other active listings in this building
313 - Downtown Kitchener/W. Ward average
$435/sqft
17 active listing(s)
Parking: 4 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: 5.0% ($23,745) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$379,920.00
Periodic payment — Principal & Interest (monthly)$2,451.11
Additional monthly expenses (condo fees, tax, utilities, etc.)$421.75
Total monthly cost$2,872.86
Interest paid over 5-yr term$108,886.16
Balance at end of term$341,739.27
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$23,745
Stress test qualifying rate8.19%
Payment you must qualify for$3,498.14
Cash Needed at Closing
Minimum down payment$23,745
Estimated Land Transfer Tax (LTT)$5,973
Legal / closing costs (typical estimate)$1,500
Total cash needed$31,218
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.
