$825,000 - 131 St George Street, Kitchener
Multi-Family for Sale in Kitchener
- MLS Number
- X13460126
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 15
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- EXP REALTY
Welcome to 131 St. George Street - a modern and thoughtfully designed duplex in the heart of downtown Kitchener, perfect for investors or those seeking a stylish multi-unit property. The upper unit offers a well-appointed two-bedroom, two-and-a-half-bathroom layout with a bright, open-concept main floor. The living space is anchored by a striking tile feature wall with an electric fireplace, creating a warm and contemporary focal point. The kitchen is finished with quartz countertops and stainless steel appliances, seamlessly connecting to the dining and living areas for easy everyday living. A Juliet balcony off the main floor brings in natural light and fresh air, enhancing the airy feel of the space, while a convenient powder room completes this level. Upstairs, both bedrooms feature their own private ensuite bathrooms, offering comfort and privacy for occupants. The lower unit features a one-bedroom, one-bathroom layout with the same modern finishes, including quartz countertops and stainless steel appliances. Designed with an open-concept feel, this unit is bright and welcoming, with direct access to a private patio, perfect for outdoor enjoyment. Both units are separately metered for hydro and gas and include their own laundry, providing independence and convenience for tenants or owners alike. Located just steps from downtown Kitchener's vibrant amenities, including restaurants, shops, transit, and parks, this property offers an exceptional opportunity in a highly desirable urban setting.
Estimate your monthly payments for this property
Estimated Payment
$4,232.68/mo
Includes CMHC insurance ($23,018)
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.
131 St George Street, Kitchener
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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
Competitive Pricing
At $750/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 15 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 4 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 $3,438 (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.