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Listed 11 days ago

427 Duke Street W

, Kitchener

$399,900

Detached|2-Storey
2 | 2 | 5
About this home

Developers, Investors, Families! Rare Midtown Corner Lot with massive potential available for thefirst time in 40+ years! This 1902 detached home sits on a premium 40' x 119' corner lot in a rapidlyappreciating 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-yieldinvestment project. The existing 2-bed, 1.5-bath character home features great bones and excellent holdingvalue. Major mechanical updates offer immediate peace of mind, including a furnace replaced in 2025 and anewer main roof from 2020. Move in, rent out, or renovate while finalizing your permits. The high densityRES-5 zoning and dual street exposure are perfectly primed for intensification under Kitchener's "GrowingTogether" framework. Capitalize on the corner configuration for separate unit entrances and streamlinedparking 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

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,488
Lot Size40 ft x 119 ft
mls© NumberX13770320
Listed ByROYAL LEPAGE WOLLE REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,047
Property tax
$291
Heat allowance
$150
Housing costs
$2,488 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $79,980
25-yr amortization

Income needed

$77,000

gross annual household income

Payment at 4%
$1,683 / mo
Cash down
$79,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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