498 Karn Street
Kitchener, Waterloo ON N2M 2C1
$1,379,000
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.
| List Price: | $1,379,000 |
|---|---|
| Property Sub Type: | Duplex Up/Down |
| Bedrooms Total: | 7 |
| Tax Annual Amount: | $8,731 |
| Waterfront?: | No |
| County Or Parish: | Waterloo |
| Year Built: | 2024 |
| Appliances: | Water Softener, Dishwasher, Dryer, Refrigerator, Stove, Washer |
| Lot Features: | City Lot, Hospital, Library, Park, Place of Worship, Playground Nearby, Public Transit, Quiet Area, Schools, Shopping Nearby |
| State Or Province: | ON |
| Directions: | Westmount to Karn |
| Foundation Details: | Poured Concrete |
| Garage?: | Yes |
| Attached Garage?: | Yes |
| Basement: | Separate Entrance, Walk-Up Access, Full, Finished, Sump Pump |
| Building Area Total: | 3,985 |
| Above Grade Finished Area Units: | Square Feet |
| Open Parking?: | Yes |
| Parcel Number: | 224380195 |
| Sewer: | Sewer (Municipal) |
| Covered Spaces: | 1 |
| Exclusions: | Tenant Belongings |
| Farm Land Area Units: | Square Feet |
| Frontage Type: | South |
| MLS Area Minor: | 323 - Victoria Hills |
| Above Grade Finished Area: | 2,701 |
| Hst Applicable To Sale Price: | No |
| Lease To Own Equipment: | None |
| Leases Yn: | Yes |
| Lot Depth: | 136.76 |
| Survey Type: | Available |
| Open Parking Spaces: | 5 |
| Exterior Features: | Separate Hydro Meters |
| Number Of Dishwashers 1: | 1 |
| Number Of Dryers 1: | 1 |
| Number Of Refrigerators 1: | 1 |
| Number Of Stoves 1: | 1 |
| Number Of Washers 1: | 1 |
| Unit Number 1: | Main |
| Unit Type Net Sq Ft 1: | 2400 |
| Baths Total 1: | 2 |
| Beds Total 1: | 2 |
| Unit Type 1: | 2 Bedroom |
| Number Of Dishwashers 2: | 1 |
| Number Of Dryers 2: | 1 |
| Number Of Refrigerators 2: | 1 |
| Number Of Stoves 2: | 1 |
| Number Of Washers 2: | 1 |
| Unit Number 2: | Upper |
| Unit Type Net Sq Ft 2: | 2700 |
| Baths Total 2: | 2 |
| Beds Total 2: | 3 |
| Unit Type 2: | 3 Bedroom |
| Units Total 2: | 1 |
| Number Of Dishwashers 3: | 1 |
| Number Of Dryers 3: | 1 |
| Number Of Refrigerators 3: | 1 |
| Number Of Stoves 3: | 1 |
| Number Of Washers 3: | 1 |
| Unit Number 3: | Lower |
| Unit Type Net Sq Ft 3: | 2200 |
| Baths Total 3: | 2 |
| Beds Total 3: | 2 |
| Description 3: | Projected |
| Unit Type 3: | 2 Bedroom |
| Number Of Units Total: | 3 |
| Listing ID: | 40869259 |
|---|---|
| Property Type: | Rental Income |
| Status: | Active |
| Bathrooms Full: | 6 |
| Living Area Sqft: | 2,701 |
| City: | Kitchener |
| Postal Code: | N2M 2C1 |
| Cooling: | Central Air |
| Heating: | Forced Air, Natural Gas |
| Parking Features: | Attached Garage, Concrete |
| Status: | Active |
| Water Source: | Municipal |
| Roof: | Asphalt Shing |
| Laundry Features: | In-Suite |
| Construction Materials: | Brick, Vinyl Siding |
| Listing Contract Date: | 2026-10-06 |
| Heating?: | Yes |
| Bathrooms Total Integer: | 6 |
| Basement: | true |
| Interior Features: | Accessory Apartment, Auto Garage Door Remote(s), Built-In Appliances, Separate Heating Controls, Separate Hydro Meters |
| Living Area Units: | Square Feet |
| Below Grade Finished Area Units: | Square Feet |
| MLS Area Major: | 3 - Kitchener West |
| Patio And Porch Features: | Deck, Patio |
| Zoning: | Res-4 |
| Garage Spaces: | 1 |
| Stories Total: | 2 |
| Frontage Length: | 33.50 |
| Insurance Expense: | $3,524 |
| Parking Total: | 6 |
| Security Features: | Carbon Monoxide Detector(s) |
| Below Grade Finished Area: | 1,284 |
| Acres Range: | < 0.5 |
| Current Price: | 1,379,000 |
| Driveway Parking: | Private Drive Double Wide |
| Expenses: | Estimated |
| Holdover Days: | 30 |
| Ratio Current Price By Above Gra: | 510.55165 |
| Inclusions: | Other, Refrigerators X3, Stove X3 Dishwasher X3, Washer & Dryer X3, Garage Door Opener |
| Lot Size Dimensions: | 33.5 x 136.76 |
| Association Fee 2 Frequency: | Monthly |
| Property Condition: | 0-5 Years |
Listing Courtesy of: RED AND WHITE 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
