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40 MADISON Avenue

40 MADISON Avenue

Kitchener, Ontario

4 bed • 2 bath • Single Family

$715,000

You'll love this charming Century Home in Downtown Kitchener. Perched on a hill overlooking the city, this 3 + 1 bedroom, 2-bathroom home pairs original character with extensive updates. Thick brick walls quiet the outside world, while large windows and high ceilings keep the main floor bright and open. Recent updates include a fully renovated kitchen (2021), main level flooring (2021), furnace and A/C (2021), new windows (2023), a fully renovated upstairs bathroom (2025), and new basement flooring and steps (2026). You'll also find an inviting sunroom and private office on the main floor, as well as a finished basement which is rare for a home of this age. Outside, enjoy a newer deck and pergola (2024), pre-wiring for electric car, a detached garage, and updated patio and landscaping - all on a 150ft deep lot, rare for a downtown setting. Set 10 feet above Charles Street over a beautiful mural, the height and cedar trees offer privacy. Although Charles Street may look like a busy road, it's much quieter than you'd expect because it caters to foot traffic, buses and the LRT. The layout adapts easily to different needs, with storage throughout. Set on a quiet, friendly street, you're walking distance to schools, the Iron Horse Trail, and an LRT stop, with great restaurants, bakeries, and grocery stores nearby, plus easy highway access. A home with history, well cared-for and ready for its next chapter.

Price History

Property

Lot Size
0.13 acres

Schools

Secondary

  • Cameron Heights Collegiate Institute0.2 km

    Public · Waterloo Region DSB · 1765 students

    Grade 10 literacy: 90% met the provincial standard

  • Eastwood Collegiate Institute1.9 km

    Public · Waterloo Region DSB · 1270 students

    Grade 10 literacy: 84% met the provincial standard

  • Kitchener Waterloo Collegiate and Vocational School2.3 km

    Public · Waterloo Region DSB · 1650 students

    Grade 10 literacy: 88% met the provincial standard

Elementary

  • Courtland Avenue Public School0.5 km

    Public · Waterloo Region DSB · 270 students

  • Suddaby Public School0.7 km

    Public · Waterloo Region DSB · 505 students

    Grade 3 reading: 67% met the provincial standard · Grade 6 math: 58% met the provincial standard

  • Sheppard Public School0.9 km

    Public · Waterloo Region DSB · 365 students

    Grade 3 reading: 82% met the provincial standard · Grade 6 math: 60% 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 N2G

Population
14,580
Private dwellings
8,284
Median age
38
Average household size
1.8
Median household income
$62,400

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
1,927
Median days on market
20
Sale-to-list price
101.0%

Based on 1,927 recorded sales of single family properties in Kitchener over the last 12 months.

Location

Street View

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.

R

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