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For Sale
Just Listed

40 Madison Avenue S

Kitchener, ON
$649,000
3+1Bd
2Ba
1,750+sqft
4Parking
37.83 x 150 ftlot
$371/sqft
DetachedMLS# X13480800Listed 2026-06-231 DOM
Cooling
Central Air
Basement
Finished

Just listed! New listings in Kitchener often receive offers within the first week.

About this home

Perched on a hill overlooking the city, this charming 3-bedroom, 2-bathroom century home pairs original character with thoughtful, extensive updates. Thick brick walls quiet the outside world, while large windows and high ceilings keep the main floor bright and open. The kitchen was fully renovated in 2021, alongside new main level flooring and a new furnace and A/C. Since then, the home has continued to be cared for with the same attention: new windows in 2023, a renovated basement bathroom that same year, an updated patio and landscaping in 2022, a deck and pergola added in 2024, and new basement flooring and steps completed in 2026. On the second level you'll find a completely remodeled 5-piece bathroom with freestanding soaker tub, completed in 2025. The layout is well-suited to a variety of living arrangements, with no shortage of storage throughout. Outside, the lot is generous for its downtown setting - a rare find this close to the core. The neighbourhood is friendly, you're walking distance to both primary and high schools, close to the Iron Horse Trail and nearby parks, and just steps from an LRT stop. The surrounding area has seen a steady arrival of great restaurants, bakeries, and grocery stores, all within an easy walk, while highway access remains close by. A home with history, well-maintained and ready for its next chapter.

Renovated

Rooms

Main Floor
Office3.33 × 2.44 m
Living Room3.25 × 5.33 m
Dining Room3.15 × 4.85 m
Foyer2.24 × 2.90 m
Kitchen6.38 × 2.69 m
Second Floor
Bedroom 33.58 × 2.90 m
Bathroom2.95 × 2.69 m
Bedroom3.40 × 3.78 m
Bedroom 21.98 × 3.58 m
Basement
Bathroom1.07 × 2.44 m
Recreation2.95 × 8.86 m
Bedroom 42.74 × 4.44 m
Laundry4.44 × 2.77 m
Other2.49 × 4.06 m

Features

  • In-Law Capability
  • Water Softener
  • Landscaped
  • Porch
  • Deck
  • Patio
  • Finished
  • Central Air
  • 2-Storey

Financials

Annual Taxes
$3,529

Estimated Rental Income

Entire property$3,200 – $4,800/mo
Basement apartment$1,800 – $2,500/mo
Rental yield5.9% – 8.9%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Kitchener

Days on market1 days
Buyer's MarketSeller's Market

Based on active listings in Kitchener. Data updates daily.

Our estimate for this home

Priced 33.5% below estimate
Estimated range
$903K$1.05M
Mid-point $976K · ~$558/sqft
How this listing compares
$903KList · $649K$1.05M
High confidence·Based on 208 kitchener comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$649,000
40 Madison Avenue S, Kitchener
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