22 DELLROY Avenue
Kitchener, Ontario
- 5 bed
- 2 bath
- Multi-family
Situated in Stanley Park close to schools, transit, shopping, and the expressway, you won’t want to miss this duplex offering over 1860 sq ft above grade with 6 parking spaces and a heated 287 sq ft workshop/studio space that could be converted back into a garage. This is a property that will give you a long-term investment opportunity for your future. Laid out over 2 and a half stories on a 43 x 120-foot lot, this property offers 5 bedrooms, 2 bathrooms, and loads of indoor and outdoor space to enjoy. The main floor was recently rented to a great single-occupancy tenant. This renovated 2-bedroom apartment is charming in so many ways. The upper 3-bedroom has a great long-term tenant. This unit has a finished attic space and a dining room off the kitchen. The meticulously poured concrete parking offers 4 parking spaces beside the house and 2 more at the back; you may consider renting a couple of spots to the neighbours in the future. If you love the character and charm of 1930s Arts and Crafts-era homes, this property features beautiful built-in storage, hardwood floors, and granite in the main-floor unit. The roof was replaced in 2012, and all wiring and windows have been updated. The tenants pay their own hydro. This is a low-maintenance fully occupied property with great tenants and generates a 3.71% CAP rate.
Price History
Schools
Elementary
- Sunnyside Public School0.1 km
Public · Waterloo Region DSB · 310 students
- St Aloysius Catholic Elementary School0.9 km
Catholic · Waterloo CDSB · 550 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 30% met the provincial standard
- Wilson Avenue Public School1 km
Public · Waterloo Region DSB · 515 students
Grade 3 reading: 60% met the provincial standard · Grade 6 math: 46% met the provincial standard
Secondary
- Eastwood Collegiate Institute0.9 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% met the provincial standard
- St Mary's High School2.3 km
Catholic · Waterloo CDSB · 2240 students
Grade 10 literacy: 94% met the provincial standard
- Cameron Heights Collegiate Institute2.6 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.
Walk Score
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Location
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Mortgage Calculator
$119,800
Estimated Monthly Payment
$2,943
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
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Mortgage: $2,943/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $150/mo
Estimates only. Consult a financial advisor.
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