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Property Type: Detached HouseOwnership: FreeholdNEW LISTING
38 LYLE Place
Kitchener, ON N2B2J6
MLS® 40874176
78
Walk Score
46
Transit
74
Bike
$849,000
3 bed4 full, 2 half bath7 parking2,283 sqftBuilt 1963
78
Walk Score
46
Transit
74
Bike
Open House
Saturday, October 31
2:00 PM – 4:00 PM
Sunday, November 1
2:00 PM – 4:00 PM
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Lot size
- 0.25 acres
- Frontage
- 45 feet
R2A
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Condo / maintenance fee
- $0/mo
- Annual property tax
- $5,638.05
Interior
- Basement
- Finished, Full
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Basement | 9'6'' x 11'8'' |
| Storage | Basement | 16'2'' x 11'8'' |
| Recreation room | Basement | 11'4'' x 28'0'' |
| 3pc Bathroom | Basement | 6'8'' x 7'10'' |
| Primary Bedroom | Second level | 14'7'' x 12'4'' |
| Bedroom | Second level | 9'3'' x 14'0'' |
| Bedroom | Second level | 12'0'' x 10'1'' |
| 4pc Bathroom | Second level | 7'7'' x 8'2'' |
| 2pc Bathroom | Second level | 8'5'' x 11'9'' |
| Storage | Main level | 6'8'' x 5'2'' |
| Office | Main level | 9'3'' x 11'5'' |
| Mud room | Main level | 8'3'' x 7'2'' |
| Living room | Main level | 15'9'' x 11'11'' |
Description
**EARN $8000/YEAR for the next 3 years! Then enjoy LOWER Energy SAVINGS for years to come!** Welcome home to this spacious family property tucked away on a quiet cul-de-sac in one of Kitchener's most established and sought-after neighborhoods, just a short walk from Stanley Park Mall. Situated on a beautiful oversized lot, this home offers over 2,200 sq. ft. of living space, a RARE 3-car garage and exceptional flexibility for today's growing family! With three nice sized bedrooms and multiple opportunities to create additional sleeping accommodations - this home is designed to grow with you! The thoughtfully laid out main floor features a bright home office that can easily function as a guest room, nursery or potential fourth bedroom, along with a convenient powder room and spacious living areas anchored by a cozy natural gas fireplace. The kitchen provides direct access to the backyard and includes a gas BBQ hookup, making outdoor entertaining a breeze. Upstairs, you'll find three spacious bedrooms, a full 4-piece bathroom and the convenience of second-floor laundry located within the primary ensuite (basement laundry hookups available if preferred). The finished basement adds even more versatility with a large rec room, second gas fireplace, 3-piece bathroom, extensive storage and plenty of room for future modifications, including the potential for an additional bedroom or private guest suite. Highlights include the income-generating solar panels, EV charger wiring in the garage (charger not included), and PARKING for up to 7+ VEHICLES between the driveway and the RARE 3-car garage. Located close to parks, schools, trails, shopping and everyday amenities, this Heritage/Stanley Park gem offers the space, flexibility and future potential today's families are searching for. Don't miss this opportunity to own an oversized property in a mature neighborhood while benefiting from immediate income & long-term energy savings! (id:63161)
Listing Information
- MLS®
- 40874176
- Data last synced
- October 28, 2026
Re/Max Icon Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Re/Max Icon Realty
MLS® Number: 40874176
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
$372/sqft
Building average
—
No other active listings in this building
224 - Heritage Park/Rosemount average
$401/sqft
20 active listing(s)
Parking: 7 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: 7.1% ($59,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$679,200.00
Periodic payment — Principal & Interest (monthly)$4,381.97
Additional monthly expenses (condo fees, tax, utilities, etc.)$583.84
Total monthly cost$4,965.81
Interest paid over 5-yr term$194,660.67
Balance at end of term$610,942.60
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$59,900
Stress test qualifying rate8.19%
Payment you must qualify for$6,118.48
Cash Needed at Closing
Minimum down payment$59,900
Estimated Land Transfer Tax (LTT)$13,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$74,855
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.
