26 CARNABY Crescent
Kitchener, Ontario
8 bed • 3 bath • Multi-family
Rare purpose-built triplex on one of the largest lots in the neighbourhood! Welcome to 26 Carnaby Crescent, a solid all-brick triplex located in the highly desirable Lackner Woods/Idlewood community of Kitchener. Opportunities like this are becoming increasingly difficult to find. Whether you’re an investor looking to expand your portfolio or an owner-occupier seeking mortgage-supporting rental income, this property offers exceptional value in a prime location. The building features two spacious 3-bedroom apartments and one 2-bedroom apartment, appealing to a wide range of tenants and helping support strong long-term rental demand. All units are currently tenanted, generating high gross rental income. Each unit is separately metered for hydro, while a brand-new, owned combo tankless boiler, 06/2026, provides efficient heating & added peace of mind for years to come. Set on an extraordinary pie-shaped lot, this property features approximately 171 feet across the rear lot line and depths of approximately 157 feet and 213 feet, making it one of the largest lots on Carnaby Crescent. Backyard offers a unique setting rarely found with multi-residential properties & presents exceptional long-term potential. Major improvements over the years include windows (2010), roof (2016), front balconies, railings and balcony flooring (2016), along with a brand-new owned boiler installed in June 2026. Ideally situated in a quiet residential neighbourhood surrounded by parks, walking trails and mature trees, tenants enjoy convenient access to schools, shopping, restaurants, public transit, the Grand River, Stanley Park amenities, Tim Hortons, Starbucks, the Kitchener Public Library, community pool and quick access to Highway 401.Purpose-built triplexes in established neighbourhoods are always in demand. Combine that with a lot of this size, strong rental income, extensive updates and an excellent location, and you have a rare investment opportunity with tremendous long-term potential.
Price History
Schools
Elementary
- Crestview Public School0.3 km
Public · Waterloo Region DSB · 415 students
Grade 3 reading: 68% met the provincial standard · Grade 6 math: 53% met the provincial standard
- St Patrick Catholic Elementary School0.5 km
Catholic · Waterloo CDSB
- Stanley Park Public School0.8 km
Public · Waterloo Region DSB · 370 students
Secondary
- Grand River Collegiate Institute0.5 km
Public · Waterloo Region DSB · 1560 students
Grade 10 literacy: 83% met the provincial standard
- Rosemount - U Turn School1.9 km
Public · Waterloo Region DSB
- Eastwood Collegiate Institute2.3 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 N2A
- Population
- 32,454
- Private dwellings
- 12,178
- Median age
- 39.2
- Average household size
- 2.7
- Median household income
- $96,000
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
- 1,933
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,933 recorded sales of multi-family properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$226,000
Estimated Monthly Payment
$5,551
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,551/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $283/mo
Estimates only. Consult a financial advisor.