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Property Type: TownhouseOwnership: Freehold
40 MADELEINE STREET
Kitchener, ON N2R1V4
MLS® X13022356
$599,000
3 bed2.5 bath2 parking
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
- Lot size
- 18 x 103.7 FT
- Frontage
- 18 feet
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Freehold
- Annual property tax
- $3,663 (2025)
Interior
- Basement
- Unfinished, N/A
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Description
Located in the heart of Huron Park, this well-kept freehold townhouse offers 1400 square feet of bright, open-concept living with no condo fees. The main floor features a spacious kitchen, dining area, and a large living room with a walkout to a wooden deck and a fully fenced backyard. Laminate flooring runs throughout both the main and second levels for a warm, cohesive feel.The second floor includes three generous bedrooms, and the basement offers excellent potential for finishing. Its layout allows for an easy separate-entrance setup, making it suitable for a home-based business, office, or an in-law or nanny suite.The home has been well maintained with many recent updates. The roof was replaced approximately three years ago, most windows were replaced three years ago, the fence was replaced two years ago, and the water softener is only two months old. The washer and dryer are also recent. At approximately 15 years old, the property offers modern construction with meaningful upgrades already completed.Set in a family-friendly neighbourhood close to parks, schools, trails, and all Huron Park amenities, this freehold home delivers outstanding value, flexibility, and long-term peace of mind. (id:63159)
Listing Information
- MLS®
- X13022356
- Tax assessment year
- 2025
- Data last synced
- September 23, 2026
HOMELIFE/MIRACLE REALTY LTD
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: HOMELIFE/MIRACLE REALTY LTD
MLS® Number: X13022356
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
$363/sqft
214 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: 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: 5.8% ($34,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$479,200.00
Periodic payment — Principal & Interest (monthly)$3,091.64
Additional monthly expenses (condo fees, tax, utilities, etc.)$305.25
Total monthly cost$3,396.89
Interest paid over 5-yr term$137,340.10
Balance at end of term$431,041.95
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$34,900
Stress test qualifying rate8.19%
Payment you must qualify for$4,373.89
Cash Needed at Closing
Minimum down payment$34,900
Estimated Land Transfer Tax (LTT)$8,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$44,855
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.
