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Property Type: Detached HouseOwnership: Freehold
439 ALICE Avenue
Kitchener, ON N2M2A3
MLS® 40871342
72
Walk Score
50
Transit
62
Bike
$509,900
3 bed1 bath3 parking832 sqftBuilt 1943
72
Walk Score
50
Transit
62
Bike
Property Details
Property & Lot
- Sub-type
- House
- Style
- Cape Cod
- Stories
- 1.5
- Lot size
- 0.12 acres
- Frontage
- 55 feet
RES-4
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $2,966.66
Interior
- Basement
- Unfinished, Full
- Heating
- Electric
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Basement | 5'4'' x 8'0'' |
| Storage | Basement | 21'10'' x 21'3'' |
| Storage | Basement | 11'0'' x 13'1'' |
| Bedroom | Second level | 7'11'' x 10'6'' |
| Bedroom | Second level | 15'0'' x 11'10'' |
| Primary Bedroom | Main level | 7'11'' x 10'4'' |
| Living room | Main level | 11'2'' x 13'11'' |
| Kitchen | Main level | 11'8'' x 13'10'' |
| Dining room | Main level | 11'2'' x 9'0'' |
| 3pc Bathroom | Main level | 8'9'' x 8'1'' |
Description
**ATTENTION first-time buyers, savvy renovators, and ambitious developers: this versatile property is packed with potential. **Featuring multi-unit development potential (ideal for 4–6 units or semi-detached homes), you can live in, rent out, or redevelop to maximize your return. **The current home needs TLC and is being sold as-is, offering a blank canvas for your vision with MAIN FLOOR BEDROOM AND BATHROOM. **Private financing is available for qualified buyers. **Unbeatable Location: Tucked into a quiet, family-oriented neighborhood, you are just steps from Timm Park, Gzowski Park, and the Victoria Hills Community Centre. **Enjoy quick access to Downtown Kitchener via Victoria St., or head down Highland Road for top-tier amenities, including major grocery stores, popular restaurants, and vibrant shopping centers. **Excellent proximity to both Grand River Hospital (KW) and St. Mary’s (WRHN). **Don’t miss this rare entry-level opportunity into Kitchener's growing market—bring your ideas and unlock this property's full potential! (id:63161)
Listing Information
- MLS®
- 40871342
- Data last synced
- October 27, 2026
Re/Max Real Estate Centre Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Re/Max Real Estate Centre Inc.
MLS® Number: 40871342
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
$613/sqft
Building average
—
No other active listings in this building
323 - Victoria Hills average
$417/sqft
13 active listing(s)
Parking: 3 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: 5.1% ($25,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$407,920.00
Periodic payment — Principal & Interest (monthly)$2,631.76
Additional monthly expenses (condo fees, tax, utilities, etc.)$289.22
Total monthly cost$2,920.98
Interest paid over 5-yr term$116,911.04
Balance at end of term$366,925.36
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$25,990
Stress test qualifying rate8.19%
Payment you must qualify for$3,752.11
Cash Needed at Closing
Minimum down payment$25,990
Estimated Land Transfer Tax (LTT)$6,673
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,163
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.
