$825,000 - 197 SOUTHWOOD Drive, Kitchener
Multi-Family for Sale in Kitchener
- MLS Number
- X13603672
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 30
- Bedrooms
- 6
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- RE/MAX Solid Gold Realty (II) Ltd
LEGAL DUPLEX in desirable Country Hills! An outstanding opportunity for investors, those who need an in-law suite already set up for multi-generational families, or buyers looking to offset mortgage costs with rental income. Ask your lender how potential income from the second unit may help increase your buying power. This spacious detached 4-level backsplit offers TWO separate 3-bedroom, 1-full bath units, plus a single garage and private outdoor spaces. The UPPER UNIT features some newer windows (2021), a bright kitchen with garden-door walkout to a private deck, and a primary bedroom with twin closets and ensuite privilege to the 4-piece bath with newer vanity, tile and toilet. The carpet-free LOWER UNIT was created/redone in 2015 and features a beautiful kitchen with modern cabinetry and twin sink, full 4-piece bath, low-maintenance laminate flooring, upgraded lower windows, and window well with a hinged leaf cover outside providing secondary egress. Sound-barrier insulation between units adds comfort and privacy. The spacious primary bedroom includes a walk-in closet plus extra storage in the adjoining cold room. A basement WALKOUT with garden doors leads to a large patio and private, fully fenced backyard-ideal for kids and pets. A shed offers extra storage options. Additional features include 200-amp service in the garage, a 100-amp lower-level panel, new AC in 2024, and newer garage door opener (2021). Enjoy a convenient Country Hills location close to schools, parks, community amenities, shopping, public transit and major commuter routes, with easy access throughout Kitchener-Waterloo and toward Highway 401. A versatile property offering space, income potential and long-term flexibility. Fully vacant and ready to rent. Improve your investment portfolio or get your start on the property ladder...book your showing today!
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.
197 SOUTHWOOD Drive, Kitchener
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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
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 30 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.
Excellent Flexibility
With 6 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.
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.