40 WOODLAND Avenue
Kitchener, Ontario
4 bed • 2 bath • Single Family
Charming Century Home in a Prime Downtown Location! This beautifully renovated legal duplex offers exceptional flexibility for homeowners and investors alike. Featuring 3+1 bedrooms with potential for a loft conversion, the home has been extensively updated from top to bottom. Live comfortably in the main residence while generating income from the lower-level suite, or accommodate extended family with ease. Enjoy a spacious, tree-lined backyard, an oversized family room highlighted by a stunning fireplace, and walkout access to a large deck perfect for entertaining. The lower-level suite includes a separate entrance and private laundry. Separate laundry facilities are available for each unit, providing added convenience and independence. An oversized driveway provides ample parking. Conveniently located within walking distance to schools, parks, shopping, restaurants, and everyday amenities. Major updates completed in 2018 include kitchens, flooring, plumbing, electrical, HVAC, central air conditioning, deck, and most windows and doors. With a potential rental income of approximately $50,000 per year, this property presents an outstanding opportunity for both investors and owner-occupants.
Price History
Schools
Elementary
- St Bernadette Catholic Elementary School0.5 km
Catholic · Waterloo CDSB · 435 students
Grade 3 reading: 85% met the provincial standard · Grade 6 math: 42% met the provincial standard
- Courtland Avenue Public School0.6 km
Public · Waterloo Region DSB · 270 students
- Queen Elizabeth Public School0.9 km
Public · Waterloo Region DSB · 265 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 79% met the provincial standard
Secondary
- Cameron Heights Collegiate Institute1 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Eastwood Collegiate Institute2.3 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% met the provincial standard
- Kitchener Waterloo Collegiate and Vocational School2.5 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% 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 N2M
- Population
- 36,494
- Private dwellings
- 16,113
- Median age
- 36.4
- Average household size
- 2.3
- Median household income
- $71,500
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
- 1,923
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,923 recorded sales of single family properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$147,000
Estimated Monthly Payment
$3,611
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,611/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $184/mo
Estimates only. Consult a financial advisor.
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