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Property Type: Detached HouseOwnership: Freehold
40 WOODLAND Avenue
Kitchener, ON N2M3G7
MLS® 40870096
$649,000
4 bed2 bath4 parking2,179 sqftBuilt 1925
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 35 feet
R2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,007.1
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Second level | — |
| 3pc Bathroom | Basement | — |
| Bedroom | Basement | 20'7'' x 9'2'' |
| Kitchen | Basement | 12'3'' x 7'2'' |
| Living room | Basement | 12'3'' x 11'2'' |
| Bedroom | Second level | 10'11'' x 11'1'' |
| Bedroom | Second level | 10'8'' x 11'2'' |
| Bedroom | Second level | 9'4'' x 12'4'' |
| Family room | Main level | 13'8'' x 20'4'' |
| Dining room | Main level | 10'8'' x 10'9'' |
| Kitchen | Main level | 10'11'' x 10'9'' |
| Living room | Main level | 11'4'' x 11'0'' |
Description
Charming Century Home in a Prime Downtown Location! This beautifully renovated legal duplex offers exceptional flexibility for homeowners and investors alike. Featuring 3+1 bedrooms with potential for a loft conversion, the home has been extensively updated from top to bottom. Live comfortably in the main residence while generating income from the lower-level suite, or accommodate extended family with ease. Enjoy a spacious, tree-lined backyard, an oversized family room highlighted by a stunning fireplace, and walkout access to a large deck perfect for entertaining. The lower-level suite includes a separate entrance and private laundry. Separate laundry facilities are available for each unit, providing added convenience and independence. An oversized driveway provides ample parking. Conveniently located within walking distance to schools, parks, shopping, restaurants, and everyday amenities. Major updates completed in 2018 include kitchens, flooring, plumbing, electrical, HVAC, central air conditioning, deck, and most windows and doors. With a potential rental income of approximately $50,000 per year, this property presents an outstanding opportunity for both investors and owner-occupants. (id:63159)
Listing Information
- MLS®
- 40870096
- Data last synced
- October 20, 2026
Royal LePage Peaceland Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Peaceland Realty
MLS® Number: 40870096
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
$298/sqft
Building average
—
No other active listings in this building
311 - Downtown/Rockway/S. Ward average
$403/sqft
20 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
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 6.1% ($39,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$519,200.00
Periodic payment — Principal & Interest (monthly)$3,349.70
Additional monthly expenses (condo fees, tax, utilities, etc.)$442.93
Total monthly cost$3,792.63
Interest paid over 5-yr term$148,804.21
Balance at end of term$467,022.08
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$39,900
Stress test qualifying rate8.19%
Payment you must qualify for$4,722.80
Cash Needed at Closing
Minimum down payment$39,900
Estimated Land Transfer Tax (LTT)$9,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$50,855
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.
