24 MADISON Avenue
Kitchener
2 bed • Single Family
Welcome to 24 Madison Ave S, a unique and versatile detached property located in one of Kitchener’s most dynamic and rapidly growing areas. Ideal for investors & developers, Supports live-work opportunities, Allows future redevelopment into larger projects, Strong potential for appreciation due to intensification policies. Offering 2 bedrooms and 4 bathrooms, this property is suited for a live-work lifestyle, giving you the flexibility to run your business while enjoying comfortable living space. The main floor features beautiful, exposed brick, a spacious industrial-style kitchen, a 3-piece bathroom, living area, den, and a mudroom—perfect for a studio, office, or client-facing business setup. Upstairs, you’ll find 2 bedrooms, a second kitchen, a 3-piece bathroom, and an additional powder room, providing great potential for separate living or rental options. Location truly sets this property apart, just steps from LRT transit and bus routes, and minutes to Hwy 7/8, Kitchener Farmers’ Market, and St. Mary’s Hospital, offering unmatched convenience and connectivity. Adding even more value, the property is zoned SGA-3 (Strategic Growth Area), allowing for high-density residential and mixed-use development, including retail, office, and service-based uses, making it an excellent opportunity for investors and future redevelopment in a rapidly intensifying area. Whether you’re looking to live, work, invest, or reimagine the space, the possibilities here are endless. Property is being sold in as-is condition. Don’t miss your chance to secure a prime piece of downtown real estate, book your private showing today!
Price History
Schools
Secondary
- Cameron Heights Collegiate Institute0.2 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Eastwood Collegiate Institute1.9 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% met the provincial standard
- Kitchener Waterloo Collegiate and Vocational School2.3 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- Courtland Avenue Public School0.6 km
Public · Waterloo Region DSB · 270 students
- Suddaby Public School0.7 km
Public · Waterloo Region DSB · 505 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 58% met the provincial standard
- Sheppard Public School0.9 km
Public · Waterloo Region DSB · 365 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 60% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2G
- Population
- 14,580
- Private dwellings
- 8,284
- Median age
- 38
- Average household size
- 1.8
- Median household income
- $62,400
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,924
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,924 recorded sales of single family properties in Kitchener over the last 12 months.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Mortgage Calculator
$87,980
Estimated Monthly Payment
$2,161
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,161/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $110/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?