346 PROSPECT Avenue
Kitchener
8 bed • Multi-family
Large triplex in convenient location that would make a great house hacking opportunity for the entry level investor. This purpose built triplex features two large 3 bedroom apartments, and one 2 bedroom unit in the basement. It is heated with a gas forced air furnace, and has separate hydro meters to each unit. There are 5 parking spaces on this corner property. Several recent upgrades include newer roof, windows and water heater. Coin laundry on site for additional income.
Price History
Schools
Elementary
- Sunnyside Public School0.2 km
Public · Waterloo Region DSB · 310 students
- Franklin Public School0.8 km
Public · Waterloo Region DSB · 550 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 31% met the provincial standard
- St Aloysius Catholic Elementary School1.2 km
Catholic · Waterloo CDSB · 550 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 30% met the provincial standard
Secondary
- Eastwood Collegiate Institute0.7 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% met the provincial standard
- St Mary's High School2.5 km
Catholic · Waterloo CDSB · 2240 students
Grade 10 literacy: 94% met the provincial standard
- Cameron Heights Collegiate Institute2.5 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% 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 N2A
- Population
- 32,454
- Private dwellings
- 12,178
- Median age
- 39.2
- Average household size
- 2.7
- Median household income
- $96,000
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
Multi-family in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,930
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,930 recorded sales of multi-family properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$150,000
Estimated Monthly Payment
$3,685
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,685/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $188/mo
Estimates only. Consult a financial advisor.
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