$715,000 - 40 Madison Avenue, Kitchener
Detached for Sale in Kitchener
New — Listed 4 days ago- MLS Number
- X13693202
- Property Type
- Detached
- Status
- active
- Days on Site
- 4
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Kitchener
- Listing Brokerage
- RE/MAX TWIN CITY REALTY INC.
You'll love this charming Century Home in Downtown Kitchener. Perched on a hill overlooking the city, this 3 + 1 bedroom, 2-bathroom home pairs original character with extensive updates. Thick brick walls quiet the outside world, while large windows and high ceilings keep the main floor bright and open. Recent updates include a fully renovated kitchen (2021), main level flooring (2021), furnace and A/C (2021), new windows (2023), a fully renovated upstairs bathroom (2025), and new basement flooring and steps (2026). You'll also find an inviting sunroom and private office on the main floor, as well as a finished basement which is rare for a home of this age. Outside, enjoy a newer deck and pergola (2024), pre-wiring for electric car, a detached garage, and updated patio and landscaping - all on a 150ft deep lot, rare for a downtown setting. Set 10 feet above Charles Street over a beautiful mural, the height and cedar trees offer privacy. Although Charles Street may look like a busy road, it's much quieter than you'd expect because it caters to foot traffic, buses and the LRT. The layout adapts easily to different needs, with storage throughout. Set on a quiet, friendly street, you're walking distance to schools, the Iron Horse Trail, and an LRT stop, with great restaurants, bakeries, and grocery stores nearby, plus easy highway access. A home with history, well cared-for and ready for its next chapter.
Estimate your monthly payments for this property
Estimated Payment
$3,668.32/mo
Includes CMHC insurance ($19,949)
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.
40 Madison 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 $477/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Kitchener's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 $2,979 (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.