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492 EPHRAIM Street

492 EPHRAIM Street

Kitchener, Ontario

2 bed • 2 bath • Single Family

$599,900

This inviting home sits on a deep 150-foot lot and features an impressive oversized garage measuring 30' x 18'. The insulated garage includes additional side storage, its own 100-amp electrical panel, and separate entrance, making it ideal for car enthusiasts, hobbyists, or workshop use. A concrete driveway provides parking for four or more vehicles, while the expansive tree-lined backyard with no rear neighbours offers excellent privacy. The property also presents a unique development opportunity, with full approvals and permit fees already paid to convert the home into a duplex. There is also potential to add a third unit by converting the existing garage into an Accessory Dwelling Unit (ADU), subject to municipal approvals. Approved drawings and supporting documentation are available upon request. Inside, the open concept kitchen and dining area features granite counter tops, ample cabinetry, a double door storage closet, and walk-in pantry. The bright living room offers a large wall of windows with California shutters and updated flooring. A separate entrance leads to the finished basement, complete with a three piece bathroom and excellent potential for an in-law suite or additional living space. Recent updates include new flooring (making this home carpet free), an updated main floor bathroom, and fresh paint throughout. The high-efficiency gas furnace and central A/C, fully finished basement with pot lights, and upgraded sanitary main line (2024) conveniently located close to the expressway, schools, shopping, and public transit. Immediate possession available!

Price History

Schools

Elementary

  • Rosemount Grand River0.7 km

    Public · Waterloo Region DSB

  • Smithson Public School0.9 km

    Public · Waterloo Region DSB · 270 students

    Grade 3 reading: 64% met the provincial standard · Grade 6 math: 57% met the provincial standard

  • St Anne Catholic Elementary School1.2 km

    Catholic · Waterloo CDSB · 750 students

    Grade 3 reading: 68% met the provincial standard · Grade 6 math: 45% met the provincial standard

Secondary

  • Rosemount - U Turn School0.7 km

    Public · Waterloo Region DSB

  • Cameron Heights Collegiate Institute2.3 km

    Public · Waterloo Region DSB · 1765 students

    Grade 10 literacy: 90% met the provincial standard

  • Grand River Collegiate Institute2.4 km

    Public · Waterloo Region DSB · 1560 students

    Grade 10 literacy: 83% 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 N2B

Population
16,939
Private dwellings
7,329
Median age
42.8
Average household size
2.4
Median household income
$81,000

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

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.

Location

Mortgage Calculator

$119,980

Estimated Monthly Payment

$2,947

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $2,947/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $150/mo

Estimates only. Consult a financial advisor.

R

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