
40 OLD MAPLE Lane
Kitchener, Ontario
6 bed • 4 bath • Multi-family
Investors, take note! Prime Investment Opportunity. Add a premium, turn-key asset to your real estate portfolio with this meticulously maintained legal duplex in the highly desirable Forest Heights, Kitchener. With evident pride of ownership and zero deferred maintenance, this property offers incredible cash-flow potential, high-quality finishes, and an unbeatable location that guarantees low vacancy rates. The upper residence is perfectly designed to attract and retain long-term, high-quality family tenants. The layout features a formal living room, an elegant dining room, and a spacious kitchen with a breakfast nook. A sunlit family room with a gas fireplace and walk-out access to a private deck adds premium appeal. Upstairs, tenants will find four generously sized bedrooms, including an expansive primary suite with a walk-in closet and a luxurious 4-piece ensuite featuring a soaking tub. A 2.5-bath layout ensures maximum rental value. The lower-level residence is not your average basement unit. This spectacularly designed, self-contained suite is a full walk-out, flooded with natural light through oversized windows—a feature that commands top-tier rent. The sprawling layout includes a massive recreation room, a dedicated dining area, and a kitchen featuring an abundance of cabinet space rarely seen in secondary suites. With two remarkably large bedrooms, a full 4-piece bathroom, and the highly desirable addition of private in-suite laundry, this unit is truly move-in ready for A+ tenants. The strategic, high-demand location drives value, and Forest Heights delivers. Situated on a mature, quiet street, the property is surrounded by excellent schools and community parks. The convenience factor for commuting tenants is unmatched: it is just minutes away from the vibrant Boardwalk shopping district, public transit hubs, and offers immediate access to Highway 7/8 for seamless travel across the Waterloo region or GTA. Secure your next great investment today!
Price History
Schools
Elementary
- John Darling Public School0.5 km
Public · Waterloo Region DSB · 175 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 90% met the provincial standard
- Driftwood Park Public School1.2 km
Public · Waterloo Region DSB · 365 students
Grade 3 reading: 73% met the provincial standard · Grade 6 math: 54% met the provincial standard
- Westheights Public School1.4 km
Public · Waterloo Region DSB · 480 students
Secondary
- Forest Heights Collegiate Institute2.6 km
Public · Waterloo Region DSB · 1555 students
Grade 10 literacy: 86% met the provincial standard
- Resurrection Catholic Secondary School2.7 km
Catholic · Waterloo CDSB · 1920 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 N2N
- Population
- 26,596
- Private dwellings
- 9,145
- Median age
- 39.2
- Average household size
- 2.9
- Median household income
- $108,000
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
- 1,927
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,927 recorded sales of multi-family properties in Kitchener over the last 12 months.
Walk Score
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Transit
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Scores by Walk Score®
Location
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Mortgage Calculator
$195,000
Estimated Monthly Payment
$4,790
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,790/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $244/mo
Estimates only. Consult a financial advisor.
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