361 PROSPECT Avenue
Kitchener, Ontario
5 bed • 2 bath • Multi-family
VACANT TURNKEY LEGAL DUPLEX in a desirable Kitchener location, featuring a 3-bedroom upper unit and 2-bedroom lower unit. Converted to a legal duplex in 2020, the property offers two self-contained units ideal for investors, multi-generational living, or buyers looking to offset their mortgage with rental income. Each unit is equipped with its own 100 amp hydro panel and in-suite laundry for added convenience. Now fully vacant, giving buyers the flexibility to select their own tenants and establish current market rents, or occupy one unit while generating income from the other. A spacious 6-car asphalt driveway, installed in 2020, provides ample parking for both units. Additional updates include a new furnace in 2025 and new garage roof in 2026, adding long-term value and peace of mind. Both units have been freshly painted and refreshed, with additional recent improvements throughout. The basement is fully finished with the exception of the utility room. Located beside Sunnyside Public School, making school pick-up and drop-off exceptionally convenient. A solid opportunity in a great location for investors, extended families, or owner-occupiers looking for built-in income potential.
Price History
Schools
Elementary
- Sunnyside Public School0.1 km
Public · Waterloo Region DSB · 310 students
- Franklin Public School0.8 km
Public · Waterloo Region DSB · 550 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 31% met the provincial standard
- St Aloysius Catholic Elementary School1.1 km
Catholic · Waterloo CDSB · 550 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 30% met the provincial standard
Secondary
- Eastwood Collegiate Institute0.8 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% met the provincial standard
- St Mary's High School2.5 km
Catholic · Waterloo CDSB · 2240 students
Grade 10 literacy: 94% met the provincial standard
- Cameron Heights Collegiate Institute2.5 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% 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
- 1,927
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,927 recorded sales of multi-family properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$143,000
Estimated Monthly Payment
$3,513
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,513/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $179/mo
Estimates only. Consult a financial advisor.
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