
88 WOODHAVEN Road
Kitchener, Ontario
- 6 bed
- 3 bath
- Single Family
A rare opportunity to own a property featuring three legal living units in a friendly, established neighbourhood. Whether you're looking for the perfect multi-generational setup, a mortgage helper, or a turnkey investment, this versatile property offers exceptional flexibility. The main level features a bright, open-concept living and dining area filled with natural light, three generously sized bedrooms, and a full bathroom, creating a comfortable space to call home. The finished lower level is a fully self-contained two-bedroom suite complete with its own kitchen, offering privacy and independence for extended family or rental income. Adding even more value is the detached legal one-bedroom accessory dwelling unit, complete with its own kitchen, bathroom, and in-suite laundry, providing a completely separate living space for family, guests, or tenants. Situated on one of the larger lots in the neighbourhood, measuring approximately 52' x 109', the fully fenced backyard offers generous outdoor space for everyone to enjoy. Ideally located on a quiet street close to schools, parks, shopping, public transit, the ION LRT, and major highways, convenience is right at your doorstep. Recent updates include new flooring throughout, custom built-in cabinetry, a 200-amp electrical service, and an on-demand water heater (2021). Live in the spacious main unit while the two additional legal units help offset a significant portion of your monthly living expenses, create the ideal multi-generational lifestyle where everyone enjoys their own private space, or maximize the property's investment potential with projected rental income of approximately $6,000 per month ($72,000 annually). Vendor Take-Back financing is available with a minimum 30% down payment, offering additional flexibility for qualified buyers. A rare opportunity offering a projected 6% cap rate in today's market.
Price History
Schools
Elementary
- Wilson Avenue Public School0.4 km
Public · Waterloo Region DSB · 515 students
Grade 3 reading: 60% met the provincial standard · Grade 6 math: 46% met the provincial standard
- St Aloysius Catholic Elementary School0.5 km
Catholic · Waterloo CDSB · 550 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 30% met the provincial standard
- Sunnyside Public School1.2 km
Public · Waterloo Region DSB · 310 students
Secondary
- St Mary's High School1.8 km
Catholic · Waterloo CDSB · 2240 students
Grade 10 literacy: 94% met the provincial standard
- Eastwood Collegiate Institute1.9 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% met the provincial standard
- École secondaire David Saint-Jacques2.9 km
French public · CS Viamonde · 105 students
Grade 10 literacy: 100% 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 N2C
- Population
- 17,681
- Private dwellings
- 7,494
- Median age
- 36.8
- Average household size
- 2.4
- Median household income
- $70,000
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
Single Family in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,930
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,930 recorded sales of single family properties in Kitchener over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$209,800
Estimated Monthly Payment
$5,153
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: $5,153/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $262/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?