
40 MADISON Avenue
Kitchener, Ontario
4 bed • 2 bath • Single Family
Perched on a hill overlooking the city, this charming 3-bedroom, 2-bathroom century home pairs original character with thoughtful, extensive updates. Thick brick walls quiet the outside world, while large windows and high ceilings keep the main floor bright and open. The kitchen was fully renovated in 2021, alongside new main level flooring and a new furnace and A/C. Since then, the home has continued to be cared for with the same attention: new windows in 2023, a renovated basement bathroom that same year, an updated patio and landscaping in 2022, a deck and pergola added in 2024, and new basement flooring and steps completed in 2026. On the second level you'll find a completely remodeled 5-piece bathroom with freestanding soaker tub, completed in 2025. The layout is well-suited to a variety of living arrangements, with no shortage of storage throughout. Outside, the lot is generous for its downtown setting - a rare find this close to the core. The neighbourhood is friendly, you're walking distance to both primary and high schools, close to the Iron Horse Trail and nearby parks, and just steps from an LRT stop. The surrounding area has seen a steady arrival of great restaurants, bakeries, and grocery stores, all within an easy walk, while highway access remains close by. A home with history, well-maintained and ready for its next chapter.
Price History
Property
- Lot Size
- 0.13 acres
Schools
Secondary
- Cameron Heights Collegiate Institute0.2 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Eastwood Collegiate Institute1.9 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% met the provincial standard
- Kitchener Waterloo Collegiate and Vocational School2.3 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- Courtland Avenue Public School0.5 km
Public · Waterloo Region DSB · 270 students
- Suddaby Public School0.8 km
Public · Waterloo Region DSB · 505 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 58% met the provincial standard
- Sheppard Public School0.9 km
Public · Waterloo Region DSB · 365 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 60% 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 N2G
- Population
- 14,580
- Private dwellings
- 8,284
- Median age
- 38
- Average household size
- 1.8
- Median household income
- $62,400
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
- 1,927
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,927 recorded sales of single family properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$129,800
Estimated Monthly Payment
$3,188
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,188/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $162/mo
Estimates only. Consult a financial advisor.
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