Property Type: Detached HouseOwnership: Freehold

246 MADISON Avenue S

Kitchener, BC N2M3H4

$599,000

3 bed2.5 bath2 parking950 sqft
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Property Details

Property & Lot

Sub-type
House
Stories
2
Frontage
40 feet

R4

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,612

Interior

Basement
Unfinished, Full
Heating
Forced air
Cooling / A/C
Central air conditioning
Fireplace
None
Appliances
Washer, Refrigerator, Stove, Dryer, Hood Fan

Exterior & Lot

Exterior features
Brick
Lot features
Backs on greenbelt

Building

Water source
Municipal water
Sewer
Municipal sewage system
Utilities
Natural Gas, Electricity, Cable

Parking

Total spaces
2

Room Dimensions

RoomLevelDimensions
2pc BathroomMain level3'0'' x 4'0''
Living roomMain level10'0'' x 10'0''
Dining roomMain level10'0'' x 10'0''
KitchenMain level10'0'' x 10'0''
3pc BathroomSecond level
BedroomSecond level10'0'' x 10'0''
BedroomSecond level10'0'' x 10'0''
BedroomSecond level10'0'' x 10'0''

Listing Information

MLS®
40764574
Listed
September 2, 2025
Time on market
On the market for 378 days
Data last synced
September 15, 2026

Listing provided by: International Realty Firm, Inc. · Data source: CREA DDF.

Description

Attention Developers and Contractors, Great project on this Large Lot 40 x 244, currently nearly spate ready for 3 – 3 bedroom unit additions under the ADU bylaws, all plans done along with engineering/grading and survey, discounted DC’s (not paid yet), house recently renovated with newer furnace and AC (2022), newer roof 2022, newly painted (2025), new eavestroughs (2025), currently has month to month tenant ready to move when suitable to make way for construction. (id:63159)

Values & Trends

This listing

$631/sqft

Building average

No other active listings in this building

311 - Downtown/Rockway/S. Ward average

$376/sqft

15 active listing(s)

Parking: 2 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Guelph

13°C

Humidity 88%

Wind SE 2 km/h

Today

23°

Tonight

17°

Wednesday

26°

Wednesday night

12°

Thursday

25°

Thursday night

13°

Source: Environment and Climate Change Canada.

Nearby Schools

No schools found within a reasonable distance of this property.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($34,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$479,200.00
Periodic payment — Principal & Interest (monthly)$3,091.64
Additional monthly expenses (strata, tax, utilities, etc.)$349.00
Total monthly cost$3,440.64
Interest paid over 5-yr term$137,340.10
Balance at end of term$431,041.95

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$34,900
Stress test qualifying rate8.09%
Payment you must qualify for$4,337.73

Cash Needed at Closing

Minimum down payment$34,900
Estimated BC PTT$9,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,380

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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