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40 MADISON Avenue

40 MADISON Avenue

Kitchener, Ontario

4 bed • 2 bath • Single Family

$649,000

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.

R

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