
127 STRATHCONA Crescent
Kitchener, Ontario
- 5 bed
- 3 bath
- Multi-family
Attention investors and savvy buyers! This fully renovated legal duplex offers a rare opportunity to generate strong rental income while owning a well-maintained, turnkey property. Thoughtfully converted and updated between 2017-2020, this versatile home provides two self-contained living spaces, making it an ideal addition to any investment portfolio. The upper unit features 3 spacious bedrooms, an updated full bathroom with double vanity, bright living and dining areas, a renovated kitchen, and access to an elevated deck. The upper level is currently generating $2,600/month in rental income, providing immediate cash flow. The lower unit offers an attractive open-concept layout with a modern kitchen, spacious living area with gas fireplace, 2 bedrooms, and 2 full bathrooms including a private ensuite. Heated floors throughout most of the lower level add premium comfort and appeal for tenants. Outside, the property offers excellent curb appeal with a brick and vinyl exterior, double-wide driveway, and oversized double garage with two separate garage doors, inside entry, and convenient backyard access. A natural gas BBQ hookup and private outdoor spaces further enhance the property's appeal. Major capital improvements include the roof (approx. 2020), exterior updates (2020/2021), garage doors (2017), driveway (approx. 5 years ago), furnace and air conditioning (2017), owned on-demand water heater, and owned water softener. Built in 1967, the home has been extensively modernized while maintaining its solid construction. With approximately 5 bedrooms, 3 full bathrooms, separate living spaces, ample parking, and strong income potential, this legal duplex presents an outstanding opportunity for investors, multi-generational families, or owner-occupants looking to offset mortgage costs with rental income.
Price History
Schools
Elementary
- Canadian Martyrs Catholic Elementary School0.2 km
Catholic · Waterloo CDSB · 520 students
Grade 3 reading: 75% met the provincial standard · Grade 6 math: 80% met the provincial standard
- Stanley Park Public School0.7 km
Public · Waterloo Region DSB · 370 students
- Mackenzie King Public School0.7 km
Public · Waterloo Region DSB · 380 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 87% met the provincial standard
Secondary
- Grand River Collegiate Institute0.7 km
Public · Waterloo Region DSB · 1560 students
Grade 10 literacy: 83% met the provincial standard
- Rosemount - U Turn School1 km
Public · Waterloo Region DSB
- Eastwood Collegiate Institute2.6 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% 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
Multi-family in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,925
- Median days on market
- 20
- Sale-to-list price
- 100.9%
Based on 1,925 recorded sales of multi-family properties in Kitchener over the last 12 months.
Walk Score
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Location
Street View
Mortgage Calculator
$175,980
Estimated Monthly Payment
$4,323
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
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,323/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $220/mo
Estimates only. Consult a financial advisor.
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