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450 HIGHLAND Road

450 HIGHLAND Road

Kitchener, Ontario

4 bed • 2 bath • Multi-family

$699,999

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

45

Walk

52

Transit

58

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.

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