
450 HIGHLAND Road
Kitchener, Ontario
4 bed • 2 bath • Multi-family
Exceptional opportunity to own a beautifully updated legal duplex raised bungalow in a peaceful, desirable neighbourhood. Flexible multi-unit living with the ability to reside in one unit and rent the other, or use both as income-producing rentals or Airbnb accommodations. This impressive property features two fully self-contained units, each offering its own private entrance, kitchen, bathroom, and separate hydro meter for excellent flexibility and privacy. The upper unit was completely renovated in 2020 and features a bright open-concept layout, updated kitchen with modern appliances, spacious bedrooms, and a beautifully refreshed bathroom. The lower unit, professionally added in 2021, offers a thoughtfully designed two-bedroom suite complete with a stylish kitchen, modern bathroom, generous storage including two shed 2023 and 2026 for additional storge for tenants. This turnkey property offers exceptional versatility and strong income potential. Conveniently located close to public transit, major highways, shopping, and 10 minutes to Wildred Laurier and Waterloo Universities. As an added bonus, 2 sets of appliances, 2 sheds and all furniture from the lower unit are included and upper level furniture can be negotiated as part of an offer, making this an outstanding move-in-ready investment opportunity. Legal duplexes of this quality and condition rarely come available.
Price History
Schools
Elementary
- Queen Elizabeth Public School0.2 km
Public · Waterloo Region DSB · 265 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 79% met the provincial standard
- St Bernadette Catholic Elementary School0.5 km
Catholic · Waterloo CDSB · 435 students
Grade 3 reading: 85% met the provincial standard · Grade 6 math: 42% met the provincial standard
- Courtland Avenue Public School1.3 km
Public · Waterloo Region DSB · 270 students
Secondary
- Cameron Heights Collegiate Institute1.5 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- St Mary's High School2 km
Catholic · Waterloo CDSB · 2240 students
Grade 10 literacy: 94% met the provincial standard
- 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 N2M
- Population
- 36,494
- Private dwellings
- 16,113
- Median age
- 36.4
- Average household size
- 2.3
- Median household income
- $71,500
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
- 1,931
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,931 recorded sales of multi-family properties in Kitchener over the last 12 months.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Mortgage Calculator
$140,000
Estimated Monthly Payment
$3,439
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,439/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $175/mo
Estimates only. Consult a financial advisor.