319 Victoria Street S

If you’re on the lookout for a fantastic investment opportunity or perhaps a lovely home that allows for some independence while keeping family close, then this Multi-Family Home for sale in Kitchener is just what you need! Nestled at 319 Victoria Street S, Kitchener, this impressive 2-storey multiplex is a real gem, boasting a prime location at the corner of Victoria Street S and Patricia Avenue in the heart of Kitchener, Waterloo.

This property has been meticulously maintained and fully renovated, making it a rare find in today’s market. The Multi-Family Home for sale in Kitchener features two spacious units, each with 2 generous bedrooms, perfect for families or investors looking to maximise their rental income. With a total of 11 rooms, including two well-appointed kitchens and three bathrooms, this home is designed for comfort and convenience. The kitchens are large and inviting, ideal for whipping up family meals or entertaining friends.

One of the standout features of this Multi-Family Home for sale in Kitchener is the extensive capital improvements that have been made. The property is equipped with a new water radiant heating system, installed in 2025, ensuring warmth and comfort throughout the colder months. Additionally, a new shingle roof was added in 2024, providing peace of mind for years to come. You’ll also find modern laminate flooring throughout, which was updated in 2018, along with refreshed bathrooms that add a touch of luxury.

Safety and functionality are key in this home, with three independently upgraded copper wiring systems and electrical panels for Unit A, Unit B, and the basement. This thoughtful upgrade enhances the overall safety of the property, making it an ideal choice for families or investors alike. Speaking of the basement, it’s a real bonus! It features a separate entrance, a private office space, a 3-piece bathroom, and shared laundry facilities, providing extra convenience for both units.

Parking is another highlight of this Multi-Family Home for sale in Kitchener. With a detached single-car garage and a private double driveway that accommodates up to five additional vehicles, you’ll never have to worry about finding a space. This is particularly valuable in a bustling area like Kitchener, where parking can often be a challenge.

Unit A is currently vacant, making it perfect for owner-occupancy or for those looking to set market rent. Meanwhile, Unit B is occupied by reliable tenants on a month-to-month basis, currently generating a stable income of $1676 per month. This setup offers an immediate return on investment, making it a truly "set and forget" opportunity.

The location of 319 Victoria Street S, Kitchener, is simply unbeatable. Just steps away from local amenities and transit options, you’ll have everything you need right at your doorstep. Whether you’re a first-time buyer, an investor, or a family looking for a place to call home, this Multi-Family Home for sale in Kitchener ticks all the boxes.

In summary, this property is not just a house; it’s a well-rounded investment opportunity that offers both comfort and practicality. With its rich history, having been built over 100 years ago, and its modern updates, it’s a unique blend of charm and contemporary living. Don’t miss out on the chance to own this exceptional Multi-Family Home for sale in Kitchener at 319 Victoria Street S, Kitchener. It’s truly a rare find that won’t last long on the market!

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find J.F. Carmichael Public School, an esteemed elementary school offering English instruction for grades K to 6, rated 4.7, just 0.6 km away. For older children, Queensmount Senior Public School is located 1.2 km away, serving grades 7 to 8, though it currently has no rating. Cameron Heights Collegiate Institute, a secondary school for grades 9 to 12, is 2.2 km from the property and boasts a solid rating of 7.7. Additionally, Kitchener-Waterloo Collegiate and Vocational School, another secondary option, is 1.3 km away with a rating of 7. The area also features Catholic education options, including St. John Catholic Elementary School (0.6 km, rating 3.8) and Resurrection Catholic Secondary School (3.1 km, rating 6.2). Overall, the variety of nearby schools, both public and Catholic, provides excellent educational opportunities for children of all ages, enhancing the appeal of this property for potential buyers.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 526 residents, characterized by an average household size of 1.7 individuals. The demographic profile reveals an average age of 41.1 years, with a significant portion of the population, 57.29%, identifying as single. The average household income stands at $60,800, with 16.8% of the population classified as low-income. Housing prices in the area average around $460,000, and a notable 58.18% of residents are renters, while 27.27% reside in condominiums. Families with children make up 20% of households, indicating a moderate presence of family units. Additionally, the community is diverse, with 20.69% of residents being immigrants and nearly half (49.4%) holding a college or university education. However, a significant portion of the population, 38.55%, is not in the labor force, which may reflect various socioeconomic factors. Overall, this demographic snapshot illustrates a community that is predominantly single, educated, and diverse, with a mix of renters and homeowners in a moderately priced housing market.