361 PROSPECT Avenue Kitchener

361 PROSPECT Avenue, Kitchener, Ontario

$715,000

  • 5 Beds
  • 2 Baths
  • 1,865 Square Feet

VACANT TURNKEY LEGAL DUPLEX in a desirable Kitchener location, featuring a 3-bedroom upper unit and 2-bedroom lower unit. Converted to a legal duplex in 2020, the property offers two self-contained units ideal for investors, multi-generational living, or buyers looking to offset their mortgage with rental income. Each unit is equipped with its own 100 amp hydro panel and in-suite laundry for added convenience. Now fully vacant, giving buyers the flexibility to select their own tenants and establish current market rents, or occupy one unit while generating income from the other. A spacious 6-car asphalt driveway, installed in 2020, provides ample parking for both units. Additional updates include a new furnace in 2025 and new garage roof in 2026, adding long-term value and peace of mind. Both units have been freshly painted and refreshed, with additional recent improvements throughout. The basement is fully finished with the exception of the utility room. Located beside Sunnyside Public School, making school pick-up and drop-off exceptionally convenient. A solid opportunity in a great location for investors, extended families, or owner-occupiers looking for built-in income potential. (id:23309)

  • Listing ID: 40856828
  • Property Type: Multi-family
  • Year Built: 1957

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Details

  • Amenities Nearby: Park, Public Transit, Schools, Shopping
  • Equipment: Water Heater
  • Features: Paved driveway
  • Ownership: Freehold
  • Parking Spaces: 7
  • Rental Equipment: Water Heater
  • Structure: Shed
  • Transaction: For sale
  • Zoning Description: R2B

Building

  • BasementType: Full (Finished)
  • Basement Development: Finished
  • Constructed Date: 1957
  • Cooling: Central air conditioning
  • Exterior Finish: Brick, Vinyl siding
  • Fireplace Present: False
  • Bathrooms (Total): 2
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 1865 sqft
  • Stories Total: 1
  • Type: Duplex
  • Utility Water: Municipal water

Land

  • Access Type: Highway access
  • Amenities: Park, Public Transit, Schools, Shopping
  • Fence: Partially fenced
  • Sewer: Municipal sewage system
  • Size Frontage: 60 ft
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 361 PROSPECT Avenue in Kitchener Ontario. It was last modified on August 19th, 2026. Contact Paul Busnello to schedule a viewing or to discover other Kitchener homes for sale.

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