204 Fifth Avenue

Introducing an exceptional investment opportunity with this remarkable house for sale in Kitchener , located at 204 Fifth Avenue, Kitchener. This purpose-built duplex is a mere few years old and boasts a wealth of features that cater to both investors and families alike. With its strategic location and versatile layout, this property presents an ideal chance to either rent both units or occupy one while generating rental income from the other.

The house for sale in Kitchener features three separate entrances, ensuring privacy and convenience for each unit. The main floor unit comprises two spacious bedrooms and a well-appointed bathroom with ensuite privilege, providing easy access to the deck that extends from the living room. This outdoor space is perfect for enjoying the fresh air and entertaining guests. The upper unit is equally impressive, offering three bedrooms and a full bathroom, which includes a primary three-piece ensuite. Each level is adorned with lofty 9-foot ceilings, enhancing the sense of space and light throughout the home.

One of the standout features of this house for sale in Kitchener is the two kitchens, which are designed for efficiency and ease of use. Both units are equipped with separate hydro, water, and heating systems, ensuring that each household can manage their utilities independently. The property also includes a central air conditioning system, providing comfort during the warmer months.

The unspoiled basement of the house at 204 Fifth Avenue, Kitchener, presents significant development potential. With large windows and a separate entrance, this space could be transformed into additional living quarters or a recreational area, further increasing the property's value. The basement is currently unfinished, allowing the new owner to tailor it to their specific needs. Additionally, the house is equipped with a sump pump, ensuring that the basement remains dry and usable.

The exterior of the property is equally impressive, featuring a balcony that extends from the upper unit, offering a lovely vantage point to enjoy the surrounding area. The lot measures 35 by 127 feet, providing ample outdoor space for various activities. While there is no pool on the premises, the expansive yard offers plenty of room for gardening or outdoor entertaining.

Parking is made easy with an attached garage that accommodates one vehicle, complete with a garage door opener for added convenience. The private double-wide driveway allows for additional parking space for up to four vehicles, making it ideal for families or guests.

Located in the tranquil community of 327 - Fairview/Kingsdale, this house for sale in Kitchener is just a stone's throw away from Wilson Park, providing opportunities for outdoor recreation. The property is also conveniently situated near major thoroughfares, including the expressway and 401 access, making commuting a breeze. Residents will appreciate the proximity to Fairway Road, which offers a plethora of shopping options, as well as easy access to public transport, including the LRT and bus services.

In summary, this house for sale in Kitchener, located at 204 Fifth Avenue, Kitchener, is a rare find that combines modern living with investment potential. With its six bedrooms, three bathrooms, and generous living space across two levels, it caters to a variety of lifestyles. The additional features, such as instant hot water, a water softener, and essential appliances like a dishwasher, dryer, refrigerator, and washer, enhance the appeal of this property. This is an opportunity that simply cannot be missed—act quickly, as this one won’t last long!

Fairview/Kingsdale is a charming residential area located in Kitchener, Ontario, known for its welcoming atmosphere and convenient amenities. This community boasts a mix of well-established homes and modern developments, making it appealing to families, young professionals, and retirees alike. With an abundance of green spaces, parks, and recreational facilities, residents enjoy a balanced lifestyle that encourages outdoor activities and community engagement. The neighbourhood is well-served by local shops, schools, and public transport, ensuring easy access to the vibrant downtown area and beyond. Overall, Fairview/Kingsdale offers a pleasant suburban environment with a strong sense of community spirit, making it an ideal place for those seeking a comfortable and connected living experience.

Schools in the Neighbourhood

This property is ideally situated near a variety of educational institutions, making it a great choice for families. The closest school is Wilson Avenue Public School, just 0.4 km away, offering elementary education from Kindergarten to Grade 6 with a commendable rating of 4.2. For older students, Sunnyside Senior Public School (0.8 km) serves Grades 7 and 8, though it currently has no rating. Eastwood Collegiate Institute, located 1.2 km away, provides secondary education for Grades 9 to 12 and boasts a solid rating of 5.2. Families with younger children can also consider Franklin Public School (1.8 km), which offers French-language education for Grades 1 to 6 and has a strong rating of 6.2. Additional options include St. Aloysius Catholic Elementary School (0.7 km) with a rating of 5.6, and St. Mary's High School (1.4 km), rated 5.4, both providing Catholic education. Overall, this area is well-served by a range of public and Catholic schools, ensuring quality educational opportunities for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 528 residents, with an average household size of 2.1. The demographic profile indicates a mature community, with an average age of 41.7 years. The average household income stands at $69,000, and 10.8% of the population is classified as low-income. The real estate market reflects a competitive landscape, with average property prices around $600,000. The community is characterized by a significant percentage of single individuals (49.46%) and a notable presence of families, as 35.71% of households include children. Additionally, 28.81% of residents are immigrants, contributing to the area's cultural diversity. A substantial portion of the population, 66.67%, are renters, indicating a rental-friendly environment, while there are currently no condominiums available. Educational attainment is relatively high, with 38.78% of residents holding a college or university degree. However, a significant portion of the population, 43.88%, is not actively participating in the labor force, which may reflect various socio-economic factors at play in the community. Overall, this area presents a blend of demographics that could appeal to potential buyers or investors looking for a vibrant, diverse community.