Loading…
Property Type: Detached HouseOwnership: Freehold
476 PROSPECT Avenue
Kitchener, ON N2A1E1
MLS® 40868525
$799,000
6 bed3 bath6 parking2,770 sqft
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 51 feet
RES-2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,694
Interior
- Basement
- Finished, Full
- Heating
- Heat Pump, Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Lower level | 9'' x 8' |
| Living room/Dining room | Lower level | 12'4'' x 8'5'' |
| Kitchen | Lower level | 9'6'' x 8'3'' |
| Primary Bedroom | Lower level | 9'3'' x 8'1'' |
| Bedroom | Lower level | 11'0'' x 10'0'' |
| 4pc Bathroom | Lower level | 8'0'' x 5'0'' |
| Laundry room | Second level | 6'0'' x 8'1'' |
| Kitchen | Main level | 7'6'' x 13'4'' |
| Living room/Dining room | Second level | 9'5'' x 13'3'' |
| Primary Bedroom | Second level | 8'4'' x 10'1'' |
| Bedroom | Second level | 8'4'' x 7'6'' |
| 4pc Bathroom | Second level | 8'0'' x 5'0'' |
| Laundry room | Main level | 3'0'' x 3'0'' |
Description
Three completely private 2-bedroom homes under one roof. Turnkey, renovated from top to bottom, and delivered completely vacant for immediate occupancy. 476 Prospect Avenue offers an extraordinary opportunity rarely found in Kitchener’s central corridor: a substantial multi-unit property designed for complete autonomy, modern comfort, and serious long-term equity. KEY HIGHLIGHTS: • 3 Independent 2-Bedroom Suites: Ideal for extended families, multi-generational living, or savvy buyers wanting significant rental income to offset monthly expenses. • Designer-Level Finishes: Freshly renovated throughout with sparkling new kitchens, premium countertops, new appliances, stylish bathrooms, and carpet-free flooring. • Total Autonomy: Every suite is equipped with its own private entrance and in-suite washer and dryer (upper unit separately metered). • Generous Parking: Expansive driveway accommodates up to 6 vehicles with ease. • Location Convenience: Walk to transit, parks, and schools, with immediate access to expressway connections and downtown amenities. Properties of this calibre and flexibility do not come around often. Move in, lease out, or do both. Schedule your showing today. (id:63161)
Listing Information
- MLS®
- 40868525
- Data last synced
- October 27, 2026
Flux Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Flux Realty
MLS® Number: 40868525
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
$288/sqft
Building average
—
No other active listings in this building
226 - Stanley Park/Centreville average
$374/sqft
21 active listing(s)
Parking: 6 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: 6.9% ($54,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$639,200.00
Periodic payment — Principal & Interest (monthly)$4,123.90
Additional monthly expenses (condo fees, tax, utilities, etc.)$530.17
Total monthly cost$4,654.07
Interest paid over 5-yr term$183,196.56
Balance at end of term$574,962.47
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$54,900
Stress test qualifying rate8.19%
Payment you must qualify for$5,769.56
Cash Needed at Closing
Minimum down payment$54,900
Estimated Land Transfer Tax (LTT)$12,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$68,855
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.
