$599,999 - 20 Fairview Avenue, Kitchener
Detached for Sale in Kitchener
47 days on market- MLS Number
- X13534428
- Property Type
- Detached
- Status
- active
- Days on Site
- 47
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Opportunity, character, and endless potential await! This classic 4-bedroom, 2-bath home is ready for its next chapter and offers the perfect canvas for someone with vision. Situated on a large, beautifully treed lot on a mature street just steps from downtown, this property combines an exceptional location with unlimited possibilities. The welcoming full-width covered front porch sets the tone, while inside you'll find spacious principal rooms including an eat-in kitchen, formal dining room, and a comfortable living room with a cozy wood stove. Original woodwork throughout adds warmth, charm, and timeless character that simply can't be duplicated. This home requires extensive updating but offers incredible potential to become a stunning family residence or, a potential duplex investment. The unfinished walk-up attic offers excellent potential for future living space, while an upper walk-out porch off one of the bedrooms adds even more character and charm. The true showstopper is the spectacular backyard. The oversized, beautifully treed lot provides exceptional privacy and plenty of room for gardens, entertaining, family gatherings, or simply enjoying your own peaceful outdoor retreat. Recent improvements include a new roof and eavestroughs (2022), two attic windows replaced (2022), and a new furnace (2017), providing a solid starting point for your renovation plans. Additional features include a detached garage, a long private driveway with parking for 4-5 vehicles, a covered rear entry porch, and a flexible closing date. Bring your imagination and restore this character-filled home to its full potential. Great chance for a property with this much charm, such an incredible lot, and so much opportunity come to market!
Estimate your monthly payments for this property
Estimated Payment
$3,078.31/mo
Includes CMHC insurance ($16,740)
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.
20 Fairview Avenue, 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 $400/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.
Negotiation Opportunity
At 47 days on site, this property has exceeded the typical selling timeline for Kitchener. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Kitchener. Good resale value as demand remains consistent.
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 $2,500 (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.