450 Highland Road E
Kitchener, Waterloo ON N2M 3W7
$675,000
Exceptional opportunity to own a beautifully updated legal duplex raised bungalow in a peaceful, desirable neighbourhood. Flexible multi-unit living with the ability to reside in one unit and rent the other, or use both as income-producing rental or Airbnb accommodations. This impressive property features two fully self-contained units, each offering its own private entrance, kitchen, bathroom, and separate hydro meter for excellent flexibility and privacy. The upper unit was completely renovated in 2020 and featurs a bright open-concept layout, updated kitchen with modern appliances, spacious bedrooms, and a beautifully refreshed bathroom. The lower unit, professionally added in 2021, offers a thoughtfully designed two-bedroom suite complete with a stylish kitchen, modern bathroom, and generous storage including two sheds, added in 2023 and 2023, for additional storage for tenants. This turnkey property offers exceptional versatility and strong income potential. Conveniently located close to public transit, major highways, shopping, and 10 minutes to Wilfrid Laurier and Waterloo Universities. As an added bonus, 2 sets of appliances, 2 sheds, and all furniture from the lower unit are included, and upper-level furniture can be negotiated as part of an offer, making this an outstanding move-in-ready investment opportunity. Legal duplexes of this quality and condition rarely come available.
| List Price: | $675,000 |
|---|---|
| Property Sub Type: | Duplex Up/Down |
| Bedrooms Total: | 4 |
| Tax Annual Amount: | $3,188 |
| Waterfront?: | No |
| County Or Parish: | Waterloo |
| Year Built: | 1957 |
| Appliances: | Freezer, Dryer, Refrigerator, Stove, Washer |
| Lot Features: | Rectangular, Dog Park, City Lot, Public Transit, Schools, Shopping Nearby |
| State Or Province: | ON |
| Directions: | Highland road east, Hoffman street |
| Foundation Details: | Poured Concrete |
| Basement: | Separate Entrance, Full, Finished |
| Building Area Total: | 1,554 |
| Fencing: | Full |
| Above Grade Finished Area Units: | Square Feet |
| Open Parking?: | Yes |
| Parcel Number: | 224940052 |
| Sewer: | Sewer (Municipal) |
| Exclusions: | Staging Items. |
| Farm Land Area Units: | Square Feet |
| MLS Area Minor: | 325 - Forest Hill |
| Above Grade Finished Area: | 805 |
| Hst Applicable To Sale Price: | Included |
| Heating Expenses: | 238.21 |
| Survey Type: | None |
| Year Roof Replaced: | 2,012 |
| Open Parking Spaces: | 5 |
| Number Of Dryers 1: | 1 |
| Number Of Refrigerators 1: | 1 |
| Number Of Stoves 1: | 1 |
| Number Of Washers 1: | 1 |
| Unit Number 1: | Lower |
| Baths Total 1: | 1 |
| Beds Total 1: | 2 |
| Unit Type 1: | 2 Bedroom |
| Number Of Dishwashers 2: | 0 |
| Number Of Dryers 2: | 1 |
| Number Of Refrigerators 2: | 1 |
| Number Of Stoves 2: | 1 |
| Number Of Washers 2: | 1 |
| Unit Number 2: | Upper |
| Baths Total 2: | 1 |
| Beds Total 2: | 2 |
| Unit Type 2: | 2 Bedroom |
| Number Of Units Total: | 2 |
| Listing ID: | 40869747 |
|---|---|
| Property Type: | Rental Income |
| Status: | Active |
| Bathrooms Full: | 2 |
| Living Area Sqft: | 805 |
| City: | Kitchener |
| Postal Code: | N2M 3W7 |
| Cooling: | Central Air |
| Heating: | Forced Air, Natural Gas |
| Parking Features: | Asphalt |
| Status: | Active |
| Water Source: | Municipal |
| Roof: | Asphalt Shing |
| Laundry Features: | In-Suite |
| Construction Materials: | Brick |
| Listing Contract Date: | 2026-10-07 |
| Heating?: | Yes |
| Bathrooms Total Integer: | 2 |
| Basement: | true |
| Interior Features: | Separate Hydro Meters |
| Living Area Units: | Square Feet |
| Below Grade Finished Area Units: | Square Feet |
| MLS Area Major: | 3 - Kitchener West |
| Other Structures: | Shed(s) |
| Zoning: | R2B |
| Stories Total: | 1 |
| Frontage Length: | 43.12 |
| Insurance Expense: | $133 |
| Parking Total: | 5 |
| Below Grade Finished Area: | 749 |
| Acres Range: | < 0.5 |
| Current Price: | 675,000 |
| Driveway Parking: | Private Drive Double Wide |
| Holdover Days: | 60 |
| Ratio Current Price By Above Gra: | 838.50932 |
| Inclusions: | Freezer, Carbon Monoxide Detector, Freezer, Hot Water Tank - Owned, Smoke Detector, Window Coverings, 2 Dryers, 2 Washers, 2 Refrigerators, 2 Stoves, 2 Sheds And Lower-Level Furnishings. |
| Lot Size Dimensions: | 43.12 x 0 |
| Association Fee 2 Frequency: | Monthly |
| Property Condition: | 51-99 Years |
Listing Courtesy of: Royal LePage State Realty Inc.
Listing Agent:
Walkscore
Transition with Care
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Information Technology Systems Ontario data last updated on October 08, 2026 05:51 PM - ET.
Property Last Updated: October 08, 2026 05:51 PM - ET
