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For saleMLS® X13875316

59 Cherry Street, Kitchener, ON N2G 2C7

$699,999

$467 / sq ft

4 weeks on market

Bedrooms
4
Bathrooms
3
Interior
1,500 sf
Parking
6
Lot
40 × 166 ft

What's special

  • Detached garage
  • Central air
  • Separate entrance

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About this property

Attention investors, multi-generational families, and savvy house-hackers! Welcome to 59 Cherry Street perfectly situated in Kitchener's historic and highly desirable Cherry Hill/Mill-Courtland neighbourhood. Perfectly suited for multi-generational families, house-hackers, or long-term investors, this property seamlessly blends vintage warmth with rare development upside; long-term rental income, or a unique short-term boutique destination. Boasting an incredible 9.2/10 "Biker's Dream" rating and an ultra-walkable score, the home offers a lifestyle of pure convenience. Inside, the versatile layout is set up as a live-in mortgage helper or a high-yield investment, with the added bonus of a spacious, unfinished attic awaiting your creative touch-perfect for a future primary retreat, studio, or loft. Outside, the deep backyard offers the unique and lucrative potential to build an additional garden suite, providing a clear path for future expansion or an entirely separate income stream This property delivers the perfect balance of 1920s nostalgia and modern financial opportunity.

Features

  • None

Property details

Property

Property type
multiplex
Bedrooms
4
Bathrooms
3
Interior size
1,500 sq ft
Lot size
40 × 166 ft
Zoning
R-4
Possession
TBD

Interior

Basement
Finished, Separate Entrance
Heating
Forced Air · Gas
Cooling
Central Air
Exposure
South

Exterior & services

Construction
Brick, Aluminum Siding
Garage
Detached
Parking spaces
6
Sewer
Sewer

Costs

List price
$699,999
Property taxes
$4,780 / year (2026)
Price per sq ft
$467

Listing

MLS® number
X13875316
Status
For sale
Listed
October 8, 2026
Days on market
28
Last updated
November 3, 2026
Listing brokerage
SUTTON GROUP-ASSOCIATES REALTY INC.

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced below most comparable listings — about 22% of comparable multiplex listings in Kitchener are asking less.

$575KMedian $975K$1.65M
This home
$467 / sq ft
Comparable median
$479 / sq ft

Based on 36 comparable active multiplex listings in Kitchener. These are asking prices, not sale prices.

Mortgage estimate

Down payment6.4% · minimum $45,000
$45,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$3,621.60
Property tax (est.)
$398.33
Estimated monthly
$4,020

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$10,475
Total due on closing
$10,475

An estimate on the asking price of $699,999. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of SUTTON GROUP-ASSOCIATES REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$699,999

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Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.

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59 Cherry Street, Kitchener, ON N2G 2C7 For Sale — $699,999