Property Type: Detached HouseOwnership: Freehold

40 WOODLAND Avenue

Kitchener, BC N2M3G7

$735,000

4 bed2 bath4 parking2,179 sqftBuilt 1957
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Property Details

Property & Lot

Sub-type
House
Stories
2
Frontage
35 feet

R2

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,867

Interior

Basement
Finished, Full
Heating
Forced air, Natural gas
Cooling / A/C
Central air conditioning
Fireplace
None
Appliances
Washer, Dishwasher, Stove, Dryer, Hood Fan

Exterior & Lot

Exterior features
Brick
Lot features
In-Law Suite

Building

Foundation
Unknown
Water source
Municipal water
Sewer
Municipal sewage system
Utilities
Natural Gas, Electricity, Cable, Telephone
Security
None

Parking

Total spaces
4 — uncovered indicated
Features
Open

Room Dimensions

RoomLevelDimensions
3pc BathroomSecond level
3pc BathroomBasement
BedroomBasement20'7'' x 9'2''
KitchenBasement12'3'' x 7'2''
Living roomBasement12'3'' x 11'2''
BedroomSecond level10'11'' x 11'1''
BedroomSecond level10'8'' x 11'2''
BedroomSecond level9'4'' x 12'4''
Family roomMain level13'8'' x 20'4''
Dining roomMain level10'8'' x 10'9''
KitchenMain level10'11'' x 10'9''
Living roomMain level11'4'' x 11'0''

Listing Information

MLS®
40835085
Listed
June 4, 2026
Time on market
On the market for 103 days
Data last synced
September 15, 2026

Listing provided by: Royal LePage Peaceland Realty · Data source: CREA DDF.

Description

Charming Century Home in a Prime Downtown Location! This beautifully renovated legal duplex offers exceptional flexibility for homeowners and investors alike. Featuring 3+1 bedrooms with potential for a loft conversion, the home has been extensively updated from top to bottom. Live comfortably in the main residence while generating income from the lower-level suite, or accommodate extended family with ease. Enjoy a spacious, tree-lined backyard, an oversized family room highlighted by a stunning fireplace, and walkout access to a large deck perfect for entertaining. The lower-level suite includes a separate entrance and private laundry. Separate laundry facilities are available for each unit, providing added convenience and independence. An oversized driveway provides ample parking. Conveniently located within walking distance to schools, parks, shopping, restaurants, and everyday amenities. Major updates completed in 2018 include kitchens, flooring, plumbing, electrical, HVAC, central air conditioning, deck, and most windows and doors. With a potential rental income of approximately $50,000 per year, this property presents an outstanding opportunity for both investors and owner-occupants. (id:63159)

Values & Trends

This listing

$337/sqft

Building average

No other active listings in this building

311 - Downtown/Rockway/S. Ward average

$403/sqft

15 active listing(s)

Parking: 4 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: 6.6% ($48,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$588,000.00
Periodic payment — Principal & Interest (monthly)$3,793.58
Additional monthly expenses (strata, tax, utilities, etc.)$431.25
Total monthly cost$4,224.83
Interest paid over 5-yr term$168,522.49
Balance at end of term$528,907.90

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$48,500
Stress test qualifying rate8.09%
Payment you must qualify for$5,278.94

Cash Needed at Closing

Minimum down payment$48,500
Estimated BC PTT$12,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$62,700

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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