$1,379,000 - 135 Watermill Street, Kitchener
Detached for Sale in Kitchener
- MLS Number
- X13645496
- Property Type
- Detached
- Status
- active
- Days on Site
- 17
- Bedrooms
- 8
- Bathrooms
- 7
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Welcome to 135 Watermill Street- a truly exceptional residence that blends luxury, scale, and versatility on an oversized corner lot in one of the city's most desirable family-friendly communities. Sitting on a premium 55 x 110 foot corner lot, 8 Bedrooms (3 Master), 7 Bathrooms and over 4500 square feet of living space, this expansive legal duplex offers a rare opportunity for multi-generational living or significant rental income, all within a beautifully designed and thoughtfully upgraded home. Step into a bright and spacious main level featuring elegant finishes, soaring 9 foot ceilings, and a seamless layout. The generous living and dining areas flow effortlessly into a modern kitchen, creating a warm and inviting atmosphere perfect for hosting family and friends. Large windows throughout the home with natural light. The upper levels continue to impress with well-appointed bedrooms, including a luxurious primary retreat designed for relaxation. What truly sets this home apart is the bonus third-storey loft-a versatile and private space complete with an additional bedroom, full bathroom, and its own living area. Whether used as a guest suite, home office, or retreat for extended family, this level adds incredible functionality and value. As a legal duplex, the property features a fully self-contained separate lower unit, ideal for generating rental income or accommodating in-laws without compromising privacy. This added flexibility makes it a standout investment for both homeowners and savvy buyers looking to offset mortgage costs.Situated just minutes from the newly built River Mill Public School, trails, parks, highway 401 access and essential amenities, this home offers the perfect balance of convenience and lifestyle. With its expansive layout, premium lot, and income potential, 135 Watermill Street is a rare offering that delivers both luxury living and smart investment in one remarkable package.
Estimate your monthly payments for this property
Estimated Payment
$6,099.78/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.
135 Watermill 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 $394/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 17 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.
Detached Home Advantages
Detached homes in Kitchener are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 8 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Kitchener.
Bathroom Count Matters
With 7 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.