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Property Type: Detached HouseOwnership: FreeholdNEW LISTING
290 MELROSE Avenue
Kitchener, ON N2H2C1
MLS® 40874562
68
Walk Score
53
Transit
66
Bike
$599,900
3 bed2 bath4 parking1,420 sqftBuilt 1953
68
Walk Score
53
Transit
66
Bike
Open House
Sunday, November 1
2:00 PM – 4:00 PM
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Frontage
- 51 feet
R2A
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,209
Interior
- Basement
- Partially finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Lower level | — |
| Recreation room | Lower level | 17'7'' x 26'9'' |
| Laundry room | Lower level | — |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 9'1'' x 9'7'' |
| Bedroom | Main level | 8'1'' x 11'5'' |
| Primary Bedroom | Main level | 12'2'' x 12'5'' |
| Eat in kitchen | Main level | 12'10'' x 14'11'' |
| Living room | Main level | 17'6'' x 14'8'' |
Description
Are you looking for a centrally located bungalow in a mature area of the city? Then come check out this charming single detached bungalow has been thoughtfully updated, is completely carpet free, offers a separate entrance, features a cozy gas fireplace, and carries the solid character of its 1953 build. Out front, the property provides parking for four vehicles — one in the detached single car garage and another three along the long asphalt driveway. The fenced rear yard offers plenty of outdoor enjoyment with a sunroom, a walk up from the lower level, a garden shed, and ample space for a future vegetable garden. Inside, this bungalow offers 1,047 square feet of living space with three bedrooms, two full bathrooms, and a finished lower level rec room. Stepping through the front door, you’re welcomed by a good sized foyer, and to the left, a large living room enhanced with pot lights and laminate flooring. The kitchen features plenty of white cabinetry, a tiled backsplash, stainless steel appliances, and a convenient side entrance. At the back of the home are three bedrooms, all with laminate flooring, along with a recently updated four piece family bathroom. The lower level provides a generous rec room with laminate flooring and a gas fireplace, adding that extra bit of living space for today’s growing families. Continuing downstairs, you’ll find the walk up staircase, another full bathroom, the laundry area, and plenty of finished storage space. The property is walking distance to the neighbourhood off leash dog park, the Kitchener Memorial Auditorium and very close to Tim Hortons, the Expressway at Frederick/Victoria and Fairview Park Mall. Offering a flexible closing date this move in ready bungalow can be the perfect option to align your family for Christmas! Some AI generated photos being used. Please take a moment to view the marketing video, 360 degree photography and the other photos to get a full grasp of what the property has to offer. (id:63161)
Listing Information
- MLS®
- 40874562
- Data last synced
- October 28, 2026
BOSLEY REAL ESTATE LTD., BROKERAGE
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: BOSLEY REAL ESTATE LTD., BROKERAGE
MLS® Number: 40874562
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
$422/sqft
Building average
—
No other active listings in this building
212 - Downtown Kitchener/East Ward average
$392/sqft
31 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: 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
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Mortgage & Ownership Cost Calculator
Minimum required: 5.8% ($34,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$479,920.00
Periodic payment — Principal & Interest (monthly)$3,096.28
Additional monthly expenses (condo fees, tax, utilities, etc.)$421.75
Total monthly cost$3,518.03
Interest paid over 5-yr term$137,546.45
Balance at end of term$431,689.59
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$34,990
Stress test qualifying rate8.19%
Payment you must qualify for$4,380.17
Cash Needed at Closing
Minimum down payment$34,990
Estimated Land Transfer Tax (LTT)$8,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$44,963
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.
