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427 DUKE Street W, Kitchener — listed at $299,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
Investors, Flippers & Families! Rare Midtown Corner Lot with massive potential available for the first time in 40+ years! This 1902 detached home sits on a premium 40’ x 119’ corner lot in a rapidly appreciating Midtown pocket near DTK, transit, and the Spur Line Trail. Surrounded by $1M+ redevelopments, this property offers ultimate flexibility for a high-end family renovation or a high-yield investment project. The existing 2- bed, 1.5-bath character home features great bones and excellent holding value. Major mechanical updates offer immediate peace of mind, including a furnace replaced in 2025 and a newer main roof from 2020. Move in, rent out, or renovate while finalizing your permits. The high density RES-5 zoning and dual street exposure are perfectly primed for intensification under Kitchener’s Growing Together framework. Capitalize on the corner configuration for separate unit entrances and streamlined parking logistics to build cluster townhouses, a multi-unit conversion, or an accessory dwelling. Best of all, leverage the 10 unit threshold for an expedited Zoning Certificate process, bypassing complex site plans. Whether you want to restore a piece of history or build a multi-unit legacy project, this prime piece of Midtown’s future is a must-see! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Mud room | Main level | 6'3'' x 7'9'' |
| Office | Main level | 7'6'' x 9'5'' |
| Dining room | Main level | 9'10'' x 12'5'' |
| Living room | Main level | 10'6'' x 11'7'' |
| Kitchen | Main level | 11'3'' x 12'5'' |
| Bedroom | Second level | 9'3'' x 10'11'' |
| Primary Bedroom | Second level | 9'8'' x 10'11'' |
| 2pc Bathroom | Basement | — |
| 4pc Bathroom | Second level | — |
Is there air conditioning?+
Yes — window air conditioner cooling is in place.
Who is 427 DUKE Street W best suited for?+
With 2 bedrooms and 2 bathrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
How is the space laid out across floors?+
This is a 2-storey single family. The 2 bedrooms and 2 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,488, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is this a good starter home?+
At $299,900, this is priced in starter-home territory for Kitchener. With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
Does it have a basement, and is it finished?+
Yes — Unfinished, Full. A finished basement adds meaningful living space beyond the listed square footage.
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