361 PROSPECT Avenue
Kitchener, Ontario
MLS® 40856828
$715,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40856828
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1957
1 / 27Listing description
VACANT TURNKEY LEGAL DUPLEX in a desirable Kitchener location, featuring a 3-bedroom upper unit and 2-bedroom lower unit. Converted to a legal duplex in 2020, the property offers two self-contained units ideal for investors, multi-generational living, or buyers looking to offset their mortgage with rental income. Each unit is equipped with its own 100 amp hydro panel and in-suite laundry for added convenience.
Now fully vacant, giving buyers the flexibility to select their own tenants and establish current market rents, or occupy one unit while generating income from the other. A spacious 6-car asphalt driveway, installed in 2020, provides ample parking for both units. Additional updates include a new furnace in 2025 and new garage roof in 2026, adding long-term value and peace of mind.
Both units have been freshly painted and refreshed, with additional recent improvements throughout. The basement is fully finished with the exception of the utility room. Located beside Sunnyside Public School, making school pick-up and drop-off exceptionally convenient.
A solid opportunity in a great location for investors, extended families, or owner-occupiers looking for built-in income potential.
Property summary
- MLS® number
- 40856828
- Property type
- Multi-family
- Building type
- Duplex
- Square footage
- 1,865 sq ft
- Title
- Freehold
- Built in
- 1957
- Annual property taxes
- $4,301.00
- Parking
- 7 spaces · Attached Garage
- Days on market
- 29 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Finished, Full
- Exterior features
- Brick, Vinyl siding
- Lot features
- Paved driveway
What would this home cost you?
Based on the $715,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of eXp Realty, Brokerage, Kitchener.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.