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Property Type: Detached HouseOwnership: Freehold
427 DUKE Street W
Kitchener, ON N2H3Y6
MLS® 40872946
87
Walk Score
63
Transit
87
Bike
$299,900
2 bed2.5 bath4 parking1,086 sqftBuilt 1902
87
Walk Score
63
Transit
87
Bike
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 40 feet
RES-5/ Light Industrial
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,488
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Window air conditioner
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Mud room | Main level | 6'3'' x 7'9'' |
| Office | Main level | 7'6'' x 9'5'' |
| Dining room | Main level | 9'10'' x 12'5'' |
| Living room | Main level | 10'6'' x 11'7'' |
| Kitchen | Main level | 11'3'' x 12'5'' |
| Bedroom | Second level | 9'3'' x 10'11'' |
| Primary Bedroom | Second level | 9'8'' x 10'11'' |
| 2pc Bathroom | Basement | — |
| 4pc Bathroom | Second level | — |
Description
Investors, Flippers & Families! Rare Midtown Corner Lot with massive potential available for the first time in 40+ years! This 1902 detached home sits on a premium 40’ x 119’ corner lot in a rapidly appreciating Midtown pocket near DTK, transit, and the Spur Line Trail. Surrounded by $1M+ redevelopments, this property offers ultimate flexibility for a high-end family renovation or a high-yield investment project. The existing 2- bed, 1.5-bath character home features great bones and excellent holding value. Major mechanical updates offer immediate peace of mind, including a furnace replaced in 2025 and a newer main roof from 2020. Move in, rent out, or renovate while finalizing your permits. The high density RES-5 zoning and dual street exposure are perfectly primed for intensification under Kitchener’s Growing Together framework. Capitalize on the corner configuration for separate unit entrances and streamlined parking logistics to build cluster townhouses, a multi-unit conversion, or an accessory dwelling. Best of all, leverage the 10 unit threshold for an expedited Zoning Certificate process, bypassing complex site plans. Whether you want to restore a piece of history or build a multi-unit legacy project, this prime piece of Midtown’s future is a must-see! (id:63161)
Listing Information
- MLS®
- 40872946
- Data last synced
- October 22, 2026
Royal LePage Wolle Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Wolle Realty
MLS® Number: 40872946
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
$276/sqft
Building average
—
No other active listings in this building
114 - Uptown Waterloo/North Ward average
$405/sqft
36 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% ($14,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$239,920.00
Periodic payment — Principal & Interest (monthly)$1,547.88
Additional monthly expenses (condo fees, tax, utilities, etc.)$344.67
Total monthly cost$1,892.55
Interest paid over 5-yr term$68,761.76
Balance at end of term$215,808.82
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$14,995
Stress test qualifying rate8.19%
Payment you must qualify for$2,209.08
Cash Needed at Closing
Minimum down payment$14,995
Estimated Land Transfer Tax (LTT)$2,974
Legal / closing costs (typical estimate)$1,500
Total cash needed$19,469
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.