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Property Type: Detached HouseOwnership: Freehold
498 KARN Street
Kitchener, ON N2M2C1
MLS® 40869252
$1,379,000
7 bed6 bath6 parking3,985 sqftBuilt 2024
Property Details
Property & Lot
- Sub-type
- House
- Style
- Contemporary
- Stories
- 2
- Frontage
- 34 feet
RES-4
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $8,731.25
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Second level | 11'0'' x 13'8'' |
| 4pc Bathroom | Basement | — |
| 5pc Bathroom | Main level | — |
| Storage | Basement | 11'0'' x 13'8'' |
| Laundry room | Basement | 5'3'' x 5'7'' |
| Bedroom | Basement | 6'8'' x 11'2'' |
| 4pc Ensuite bath | Basement | — |
| Primary Bedroom | Basement | 10'2'' x 12'1'' |
| Kitchen/Dining room | Basement | 12'11'' x 20'11'' |
| Storage | Main level | — |
| Laundry room | Main level | 5'4'' x 5'5'' |
| Bedroom | Main level | 7'6'' x 11'0'' |
| 4pc Ensuite bath | Main level | — |
| Primary Bedroom |
Description
Duplex PLUS an In-Law Suite! Own a large custom-built duplex plus a separate 2-bedroom in-law suite, offering nearly 4,000 sq. ft. of finished living space across three levels. Thoughtfully designed for multi-generational living, extended family, or investors looking for multiple income streams. The property features three distinct living spaces, including a 1,539 sq. ft. 3-bedroom unit and two 2-bedroom living spaces measuring approximately 1,162 sq. ft. and 1,284 sq. ft. The 1,284 sq. ft. lower-level in-law suite has its own separate side entrance and will be vacant on closing. All three units feature 9-ft ceilings, two full bathrooms, dedicated laundry, large windows, quartz countertops and backsplashes, and their own primary bedroom with ensuite bathroom and walk-in closet. Each unit is separately metered for gas, hydro and water, providing straightforward utility management. Quality construction and materials are evident throughout, including Safe'n'Sound acoustic insulation between units for improved sound separation. Large windows bring plenty of natural light into all levels, including the lower-level suite. All appliances are included. Outside, enjoy two large decks and parking for six vehicles. There is also no rented equipment to assume. Whether you're looking for a multi-generational home with rental income, a property with strong investment potential, or a turnkey multi-unit rental, this is a substantial, purpose-built property designed with functionality, privacy and long-term durability in mind. (id:63159)
Listing Information
- MLS®
- 40869252
- Data last synced
- October 10, 2026
RED AND WHITE REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RED AND WHITE REALTY INC.
MLS® Number: 40869252
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
$346/sqft
Building average
—
No other active listings in this building
323 - Victoria Hills average
$443/sqft
13 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
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Mortgage & Ownership Cost Calculator
Minimum required: 8.2% ($112,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,103,200.00
Periodic payment — Principal & Interest (monthly)$7,117.47
Additional monthly expenses (condo fees, tax, utilities, etc.)$926.60
Total monthly cost$8,044.08
Interest paid over 5-yr term$316,180.29
Balance at end of term$992,331.97
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$112,900
Stress test qualifying rate8.19%
Payment you must qualify for$9,817.01
Cash Needed at Closing
Minimum down payment$112,900
Estimated Land Transfer Tax (LTT)$24,055
Legal / closing costs (typical estimate)$1,500
Total cash needed$138,455
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.