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119 MILLWOOD Crescent

119 MILLWOOD Crescent

Kitchener, Ontario

5 bed • 2 bath • Multi-family

$745,000

Attention investors and Multi generational house hunters! Welcome to this legally recognized 3+2 bedroom, 2-bathroom backsplit Duplex nestled in the highly convenient and sought after neighbourhood of Kitchener West, Doon. True pride of ownership is evident throughout this meticulous property, which boasts excellent, reliable tenancies and a proven track record of rental success. The bright main level offers a spacious three bedroom layout with a full bathroom, painted interior, updated flooring, and stylish light fixtures. The main floor of the home features a functional kitchen and contemporary fixtures that flood the space with light. The lower level houses a completely renovated, legally recognized two bedroom suite that offers a stunning open concept living area and kitchen. This fully permitted unit features a gas fireplace as its cozy centerpiece, alongside an all new contemporary kitchen, a sleek bathroom, and durable modern flooring. Built with structural peace of mind, the suite includes proper egress windows and newly installed drain ties for optimal moisture control. The exterior of the home has been thoughtfully enhanced with a premium, private rear entrance for the lower suite, featuring a covered entry, new patio doors, and poured concrete sidewalk. Tenants will appreciate the widened driveway that provides ample parking, complementing the exterior elements. Mechanical systems have also been fully modernized to include an energy efficient tankless water heater and a fully integrated smoke and carbon monoxide alarm system. With shared utilities making administration straightforward, this property is an effortless addition to any portfolio. Located just minutes from Conestoga College, Highway 401, parks, scenic walking trails, and schools, you can choose to live in one unit and let the tenant pay your mortgage, or keep the excellent tenancies in place for for immediate, turnkey cash flow.

Price History

Property

Lot Size
5.25 acres

Schools

Elementary

  • St Kateri Tekakwitha Catholic Elementary School0.3 km

    Catholic · Waterloo CDSB · 510 students

    Grade 3 reading: 69% met the provincial standard · Grade 6 math: 38% met the provincial standard

  • Pioneer Park Public School0.5 km

    Public · Waterloo Region DSB · 410 students

    Grade 3 reading: 64% met the provincial standard · Grade 6 math: 36% met the provincial standard

  • St Timothy Catholic Elementary School1 km

    Catholic · Waterloo CDSB · 375 students

    Grade 3 reading: 80% met the provincial standard · Grade 6 math: 70% met the provincial standard

Secondary

  • Huron Heights Secondary School1.3 km

    Public · Waterloo Region DSB · 1455 students

    Grade 10 literacy: 88% met the provincial standard

  • St Mary's High School3 km

    Catholic · Waterloo CDSB · 2240 students

    Grade 10 literacy: 94% met the provincial standard

  • École secondaire David Saint-Jacques4.8 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 N2P

Population
25,040
Private dwellings
8,848
Median age
36
Average household size
2.9
Median household income
$110,000

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
101.0%

Based on 1,925 recorded sales of multi-family properties in Kitchener over the last 12 months.

Location

Mortgage Calculator

$149,000

Estimated Monthly Payment

$3,660

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $3,660/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $186/mo

Estimates only. Consult a financial advisor.

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