Property Type: Detached HouseOwnership: Freehold

361 PROSPECT Avenue

Kitchener, BC N2A1C9

$715,000

5 bed2 bath7 parking1,865 sqftBuilt 1957
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Property Details

Property & Lot

Sub-type
House
Style
Bungalow
Stories
1
Frontage
60 feet

R2B

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,301

Interior

Basement
Finished, Full
Heating
Forced air, Natural gas
Cooling / A/C
Central air conditioning
Fireplace
None

Exterior & Lot

Exterior features
Brick, Vinyl siding
Lot features
Corner Site, Paved driveway
Fencing
Partially fenced

Building

Water source
Municipal water
Sewer
Municipal sewage system

Parking

Total spaces
7 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
4pc BathroomLower level
BedroomLower level11'8'' x 9'0''
BedroomLower level13'5'' x 8'9''
Living roomLower level10'10'' x 16'7''
KitchenLower level10'4'' x 12'10''
Mud roomMain level4'0'' x 13'2''
4pc BathroomMain level
BedroomMain level9'3'' x 10'1''
BedroomMain level11'4'' x 10'1''
Primary BedroomMain level11'5'' x 13'2''
Living roomMain level11'6'' x 16'6''
KitchenMain level19'1'' x 12'8''

Listing Information

MLS®
40856832
Listed
August 19, 2026
Time on market
On the market for 26 days
Data last synced
September 15, 2026

Listing provided by: eXp Realty, Brokerage · Data source: CREA DDF.

Description

VACANT TURNKEY LEGAL DUPLEX in a desirable Kitchener location, offering a 3-BEDROOM UPPER UNIT and 2-BEDROOM LOWER UNIT, each completely self-contained with its own kitchen, bathroom, in-suite laundry, and 100-amp hydro panel. Converted to a legal duplex in 2020, this property is ideal for investors, multi-generational living, or buyers looking to live in one unit while generating income from the other. Both units are fully vacant, giving buyers the flexibility to select their own tenants and establish current market rents. 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. 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 the morning school run about as convenient as it gets! A solid opportunity to invest, accommodate extended family, or offset living costs with rental income. (id:63159)

Values & Trends

This listing

$383/sqft

Building average

No other active listings in this building

226 - Stanley Park/Centreville average

$395/sqft

15 active listing(s)

Parking: 7 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: 6.5% ($46,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$572,000.00
Periodic payment — Principal & Interest (monthly)$3,690.35
Additional monthly expenses (strata, tax, utilities, etc.)$451.42
Total monthly cost$4,141.77
Interest paid over 5-yr term$163,936.84
Balance at end of term$514,515.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$46,500
Stress test qualifying rate8.09%
Payment you must qualify for$5,140.53

Cash Needed at Closing

Minimum down payment$46,500
Estimated BC PTT$12,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$60,300

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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