Property Type: Detached HouseOwnership: Freehold

498 KARN Street

Kitchener, BC N2M2C1

$1,397,000

7 bed6 bath6 parking3,985 sqftBuilt 2024
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Property Details

Property & Lot

Sub-type
House
Style
Contemporary
Stories
2
Frontage
34 feet

R4

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,425

Interior

Basement
Finished, Full
Heating
Forced air, Natural gas
Cooling / A/C
Central air conditioning
Fireplace
None
Appliances
Washer, Refrigerator, Water meter, Water softener, Dishwasher, Stove, Dryer, Window Coverings, Garage door opener, Microwave Built-in

Exterior & Lot

Exterior features
Brick, Vinyl siding
Lot features
Sump Pump, Automatic Garage Door Opener, In-Law Suite

Building

Foundation
Poured Concrete
Water source
Municipal water
Sewer
Municipal sewage system
Security
Smoke Detectors

Parking

Total spaces
6 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
StorageLower level
Laundry roomLower level5'3'' x 5'7''
5pc BathroomLower level
BedroomLower level6'8'' x 11'2''
4pc Ensuite bathLower level
Primary BedroomLower level10'2'' x 12'1''
KitchenLower level12'11'' x 20'11''
StorageMain level
Laundry roomMain level5'4'' x 5'5''
5pc BathroomMain level
BedroomMain level7'6'' x 11'0''
4pc Ensuite bathMain level
Primary BedroomMain level10'2'' x 12'0''
KitchenMain level9'7'' x 13'6''
Living room/Dining roomMain level13'6'' x 14'0''
StorageSecond level
Laundry roomSecond level6'0'' x 6'0''
BedroomSecond level11'0'' x 13'8''
5pc BathroomSecond level
BedroomSecond level7'5'' x 11'0''
4pc Ensuite bathSecond level
Primary BedroomSecond level10'4'' x 12'8''
KitchenSecond level9'7'' x 13'6''
Living room/Dining roomSecond level13'6'' x 14'0''

Listing Information

MLS®
40832563
Listed
May 25, 2026
Time on market
On the market for 112 days
Data last synced
September 15, 2026

Listing provided by: RED AND WHITE REALTY INC. · Data source: CREA DDF.

Description

Large Custom Built Duplex with a third 2 Bedroom In-law Suite with separate side entrance. All units separately metered gas, water and hydro. 3985sqft of living space on 3 levels. 1x3 bedroom 1539sf, 2x2 bedroom, 1,162sf Main+ 1,284sf Lower In-law. 9ft ceilings on all 3 levels. All units have 2-full Bathrooms. 3 primary bedrooms with ensuites and walk-in closets. 3 Laundry rooms, Quarts counters and backsplash. Large windows throughout including In-Law Suite. All appliances included. 2 large decks. Quality materials and workmanship is evident throughout. Safe and Sound Insulation between all units (noise dampening). An ideal Multi Generational living set up with rental income or Airbnb and a great investment that is built to last with minimal maintenance. Parking for 6 cars. No rented equipment. In-law Suite Unit will be vacant on closing. (id:63159)

Values & Trends

This listing

$351/sqft

Building average

No other active listings in this building

323 - Victoria Hills average

$381/sqft

8 active listing(s)

Parking: 6 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: 8.2% ($114,700) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,117,600.00
Periodic payment — Principal & Interest (monthly)$7,210.38
Additional monthly expenses (strata, tax, utilities, etc.)$901.08
Total monthly cost$8,111.46
Interest paid over 5-yr term$320,307.37
Balance at end of term$1,005,284.81

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$114,700
Stress test qualifying rate8.09%
Payment you must qualify for$9,860.44

Cash Needed at Closing

Minimum down payment$114,700
Estimated BC PTT$25,940
Legal / closing costs (typical estimate)$1,500
Total cash needed$142,140

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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