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Property Type: Detached HouseOwnership: Freehold
450 HIGHLAND Road E
Kitchener, ON N2M3W7
MLS® 40869736
$675,000
4 bed2 bath5 parking1,554 sqftBuilt 1957
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Frontage
- 43 feet
R2B
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,188.14
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Basement | 5'0'' x 11'0'' |
| 4pc Bathroom | Basement | — |
| Utility room | Basement | 5'5'' x 5'1'' |
| Bedroom | Basement | 8'0'' x 13'8'' |
| Bedroom | Basement | 10'2'' x 13'3'' |
| Recreation room | Basement | 10'10'' x 27'6'' |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 11'4'' x 10'7'' |
| Primary Bedroom | Main level | 12'1'' x 11'7'' |
| Office | Main level | 6'0'' x 3'10'' |
| Kitchen | Main level | 8'0'' x 10'6'' |
| Dining room | Main level | 6'6'' x 10'6'' |
| Living room | Main level | 11'6'' x 12'5'' |
Description
Exceptional opportunity to own a beautifully updated legal duplex raised bungalow in a peaceful, desirable neighbourhood. Flexible multi-unit living with the ability to reside in one unit and rent the other, or use both as income-producing rental or Airbnb accommodations. This impressive property features two fully self-contained units, each offering its own private entrance, kitchen, bathroom, and separate hydro meter for excellent flexibility and privacy. The upper unit was completely renovated in 2020 and featurs a bright open-concept layout, updated kitchen with modern appliances, spacious bedrooms, and a beautifully refreshed bathroom. The lower unit, professionally added in 2021, offers a thoughtfully designed two-bedroom suite complete with a stylish kitchen, modern bathroom, and generous storage including two sheds, added in 2023 and 2023, for additional storage for tenants. This turnkey property offers exceptional versatility and strong income potential. Conveniently located close to public transit, major highways, shopping, and 10 minutes to Wilfrid Laurier and Waterloo Universities. As an added bonus, 2 sets of appliances, 2 sheds, and all furniture from the lower unit are included, and upper-level furniture can be negotiated as part of an offer, making this an outstanding move-in-ready investment opportunity. Legal duplexes of this quality and condition rarely come available. (id:63159)
Listing Information
- MLS®
- 40869736
- Data last synced
- October 18, 2026
Royal LePage State Realty Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage State Realty Inc.
MLS® Number: 40869736
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
$434/sqft
Building average
—
No other active listings in this building
325 - Forest Hill average
$428/sqft
38 active listing(s)
Parking: 5 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: 6.3% ($42,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$540,000.00
Periodic payment — Principal & Interest (monthly)$3,483.90
Additional monthly expenses (condo fees, tax, utilities, etc.)$343.68
Total monthly cost$3,827.58
Interest paid over 5-yr term$154,765.55
Balance at end of term$485,731.75
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$42,500
Stress test qualifying rate8.19%
Payment you must qualify for$4,904.24
Cash Needed at Closing
Minimum down payment$42,500
Estimated Land Transfer Tax (LTT)$9,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$53,975
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.
