$1,425,000 - 115 Victoria Street, Kitchener
Multi-Family for Sale in Kitchener
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- MLS Number
- X13829556
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 12
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Kitchener
- Taxes (2026)
- $3,907
- Listing Brokerage
- EXP REALTY
Prime development site in downtown Kitchener's Central Station, directly on Victoria Street North between King Street West and Weber Street West - the corridor anchoring the Kitchener Central Transit Hub. The site sits within the Urban Growth Centre and Mixed Use Corridor designation, with as-of-right zoning supporting high-density mixed-use development. The MTSA framework targets 160 people and jobs per hectare, and the area is already seeing proposals ranging from 25 to 42 storeys. The Kitchener Central Transit Hub - connecting ION light rail, GO Transit, VIA Rail, and Grand River Transit - is under construction with substantial completion targeted for 2030. Victoria Street is being reconfigured with transit priority lanes, separated cycling, and wider sidewalks, with construction beginning in 2027.This is a rare opportunity to assemble or hold land in a transit-oriented corridor before the hub opens and the surrounding density vision is realized. *Some images have been ai enhanced to show boundaries, opportunity and ideas.
Estimate your monthly payments for this property
Estimated Payment
$6,303.26/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Kitchener
Kitchener is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Kitchener
- •Convenient location in Kitchener
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Kitchener offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
115 Victoria Street, Kitchener
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1295/sqft, this property is priced above the Kitchener average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Kitchener properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,938 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.