Listed for:Listed 12 days ago
$1,379,000

498 Karn Street

Kitchener (Victoria Hills), ON N2M 2C1

Multiplex For Sale
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 498 Karn Street, Kitchener, Victoria Hills

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 498 Karn Street, Kitchener, Victoria Hills

Summarized Description

  • Large custom-built duplex with in-law suite.
  • Three distinct living spaces for versatility.
  • Designed for multi-generational living or investment.
  • Each unit features 9-ft ceilings and quartz countertops.
  • All units have dedicated laundry and separate utilities.
  • Quality construction with acoustic insulation for privacy.
  • Includes two large decks and ample parking.

Duplex PLUS an In-Law Suite! Own a large custom-built duplex plus a separate 2-bedroom in-law suite, offering nearly 4,000 sq. ft. of finished living space across three levels. Thoughtfully designed for multi-generational living, extended family, or investors looking for multiple income streams. The property features three distinct living spaces, including a 1,539 sq. ft. 3-bedroom unit and two 2-bedroom living spaces measuring approximately 1,162 sq. ft. and 1,284 sq. ft. The 1,284 sq. ft. lower-level in-law suite has its own separate side entrance and will be vacant on closing.All three units feature 9-ft ceilings, two full bathrooms, dedicated laundry, large windows, quartz countertops and backsplashes, and their own primary bedroom with ensuite bathroom and walk-in closet. Each unit is separately metered for gas, hydro and water, providing straightforward utility management.Quality construction and materials are evident throughout, including Safe'n'Sound acoustic insulation between units for improved sound separation. Large windows bring plenty of natural light into all levels, including the lower-level suite. All appliances are included.Outside, enjoy two large decks and parking for six vehicles. There is also no rented equipment to assume.Whether you're looking for a multi-generational home with rental income, a property with strong investment potential, or a turnkey multi-unit rental, this is a substantial, purpose-built property designed with functionality, privacy and long-term durability in mind.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$8,731
Land Transfer Tax Fee
$24,055

Rental Items

Under Contract
None

Basement Type
Finished, Apartment

Interior Features

Laundry Level
Upper Level
Interior Extras
Primary Bedroom - Main Floor, In-Law Suite, Storage
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
2-Storey
Approx Age
0-5

Construction

Exterior Finish
Brick
Roof
Asphalt Shingle
Foundation Details
Concrete
Special Designation
Unknown

Lot

Lot Front
33.50 ft
Lot Depth
136.00 ft

Inclusions

Inclusions
Refrigerators x3, stove x3 dishwasher x3, washer & dryer x3, garage door opener

Exclusions

Exclusions
tenant belongings

Parking & Garages

Garage Type
Attached
Garage Spaces
1
Parking Spaces
5
Total Garage And Parking Spaces
6

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer

Bedrooms
5 + 2
Washrooms
6
Kitchens
3

Room sizes

  • Laundry—
    Basement level
  • Bedroom—
    Second level
  • Bathroom—
    Second level, 5 Pc Ensuite
  • Bedroom—
    Main level
  • Kitchen—
    Second level
  • Kitchen—
    Basement level
  • Primary Bedroom—
    Second level, 4 Pc Ensuite
  • Bedroom—
    Basement level
  • Laundry—
    Main level
  • Kitchen—
    Main level
  • Bathroom—
    Basement level, 5 Pc Bath
  • Bathroom—
    Second level, 4 Pc Ensuite
  • Bathroom—
    Main level, 5 Pc Bath
  • Laundry—
    Second level
  • Primary Bedroom—
    Basement level
  • Primary Bedroom—
    Main level
  • Bathroom—
    Main level, 4 Pc Ensuite
  • Bedroom 2—
    Second level
  • Living Room—
    Second level, Open Concept, Balcony
  • Living Room—
    Main level
  • Bathroom—
    Basement level, 4 Pc Ensuite

Washrooms

  • 4-piece, Second
  • 5-piece, Second
  • 4-piece, Main
  • 5-piece, Main
  • 4-piece, Basement

Municipality
Kitchener
Neighbourhood
Victoria Hills
Main cross streets
Westmount and Karn
Zoning
Res-4
Directions
Victoria to Westmount to Karn

MLS® number
X13865420
Data source
Toronto Regional Real Estate Board
Listed on
2026-10-06
Updated on
2026-10-06
Days on market
12 days
Possession date
2027-01-01
Possession type
Flexible
Co-op commission
2
Seller
Listed by
Red And White Realty Inc

Home Market Value

Current home valuation for 498 Karn Street, Kitchener, Victoria Hills, Kitchener, ON. Listed for $1,379,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 498 Karn Street, Kitchener, Victoria Hills

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Kitchener, ON
Minimum Down Payment Required:8.2%

5% on first $500K + 10% on $879,000 over $500K

Minimum down payment

$112,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$50,637$38,474$32,820$0
=Total mortgage
$1,316,559$1,279,574$1,204,970$1,103,200
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$6,428monthly$6,248monthly$5,883monthly$5,386monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$24,055

Total Land Transfer Tax

$24,055

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