For sale

This one's priced below recent comparable sales, and 20 days on market. Here's everything I've got — ask me anything about it.

Kitchener · Waterloo Region

40 Madison Avenue S

Detached

MLS® #X13693202

Listed for$715,00020 days on market

3+1 bed 2 bath 4 parking 1500-2000 sq ft~$409/sq ft

20 days on market
Listing states: renovated
6 schools within 1 km
Transit stop ~60 m

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Is $715,000 a fair price?

Our read: it’s priced below recent comparable sales — based on 107 sales nearby. Sign in free to see exactly how far below it is, plus the full range comparable homes sold in.

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Measured against 107 recent comparable sales nearby — sign in free to see the range they sold in (boards require a verified email · VOW rules).

Est. all-in monthly~$3,621/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.

On the map

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This home below comps above in lineOpen full map →

6 schools within ~1 km · nearest transit stop ~0.06 km

Property information

What house buyers ask first

Lot size: 37.83 × 150 ft
Square footage: 1500-2000 sq ft
Age: ~100+ years old
Property tax: $3,529 / yr
Parking: 4 spaces · Detached
Basement: Finished

Property summary

Property type: Detached
Style: 2-Storey
Approx. age: 100+ years
Lot size: 37.83 × 150 ft
Parking: 4 spaces · Detached
Heating: Forced Air
Air conditioning: Central Air
Basement: Finished
Kitchens: 1
Exterior: Brick, Stucco (Plaster)
Property tax: $3,529 / yr
MLS®: X13693202

Room dimensions

Kitchen

Main6.38 × 2.69 m

Recreation

Basement2.95 × 8.86 m

Bathroom3 Pc Bath

Basement1.07 × 2.44 m

Bedroom

Second3.4 × 3.78 m

Laundry

Basement4.44 × 2.77 m

Bedroom 3

Second3.58 × 2.9 m

Office

Main3.33 × 2.44 m

Bedroom 4

Basement2.74 × 4.44 m

Living Room

Main3.25 × 5.33 m

Bedroom 2

Second1.98 × 3.58 m

Other

Basement2.49 × 4.06 m

Foyer

Main2.24 × 2.9 m

Bathroom5 Pc Bath

Second2.95 × 2.69 m

Dining Room

Main3.15 × 4.85 m

As stated by the MLS®, nothing inferred.

Nearby homes for sale

Below-comps first · all nearby homes shown, not just the good-value ones.

Condo Apartment

$260,000

Below recent sales

20 ST GEORGE Street, Unit 508

1 bed · 1 bath·800-899 sq ft·$587/mo fee

Kitchener · Waterloo Region

Listed 8 days ago · Keller Williams Innovation Realty

Detached

$579,900

Below recent sales

224 Weber Street E

3 bed · 3 bath·1100-1500 sq ft·3 parking

Kitchener · Waterloo Region

Listed 4 days ago · RE/MAX Icon Realty

Condo Apartment

$373,900

Above recent sales

81 Church Street, Unit 1801

2 bed · 2 bath·1000-1199 sq ft·1 parking

Kitchener · Waterloo Region

Listed 12 days ago · Forest Hill Real Estate Inc.

Detached

$649,900

Above recent sales

147 Courtland Avenue E

4 bed · 2 bath·1100-1500 sq ft·5 parking

Kitchener · Waterloo Region

Listed 17 days ago · eXp Realty

Condo Apartment

$420,749

Above recent sales

112 Benton Street, Unit 417

1 bed · 1 bath·800-899 sq ft·1 parking·$517/mo fee

Kitchener · Waterloo Region

Listed 14 days ago · eXp Realty

Condo Apartment

$499,000

Above recent sales

51 David Street, Unit 206

2 bed · 3 bath·1200-1399 sq ft·1 parking·$887/mo fee

Kitchener · Waterloo Region

Listed 6 days ago · Royal LePage Wolle Realty

The numbers that matter

Property tax: $3,529/yr
Est. all-in: ~$3,621/mo

Nearby rental listings are facts. Whether it works as a rental is a chat with Alex — not a number I’ll put on it.

Schools

Schools near this home, closest first by straight-line distance. These are factual locations — AskEmma doesn’t rate or rank schools.

Cameron Heights Collegiate InstitutePublic · Secondary · Waterloo Region DSB0.2 km
MAC Maple Grove SchoolPrivate · Elementary & Secondary · ..0.5 km
Courtland Avenue Public SchoolPublic · Secondary · Waterloo Region DSB0.5 km
Pathways Educational Services IncPrivate · Secondary · ..0.6 km
Suddaby Public SchoolPublic · Elementary · Waterloo Region DSB0.7 km
Sheppard Public SchoolPublic · Elementary · Waterloo Region DSB0.9 km

Locations: Open Database of Educational Facilities (ODEF), Statistics Canada v2.1 (2022) · Open Government Licence – Canada. School locations as of 2022 — confirm current catchment and enrolment with the school board. For official provincial results, check EQAO.

Getting around

Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.

Kitchener Market StationNearest transit · Bus stop~60 m
KitchenerNearest GO / rail · GO / regional rail~1.4 km

Locations: OpenStreetMap public-transit stops, © OpenStreetMap contributors · Open Database Licence (ODbL). Stop locations from OpenStreetMap — confirm current routes and service with the transit agency.

Community — Kitchener

$585KMedian sold

29Median days on market

100.9%Sale-to-list

Median sold price · Kitchener1-yr -12% · 3-yr —

Source: TRREB sold data via Repliers · all property types

Neighbourhood demographics — Kitchener

256,885Population (2021)

37.2Median age

$87,000Median household income

59.7%Home owners

40.3%Renters

2.6Avg household size

Source: Statistics Canada, 2021 Census

Description & details

You'll love this charming Century Home in Downtown Kitchener. Perched on a hill overlooking the city, this 3 + 1 bedroom, 2-bathroom home pairs original character with extensive updates. Thick brick walls quiet the outside world, while large windows and high ceilings keep the main floor bright and open. Recent updates include a fully renovated kitchen (2021), main level flooring (2021), furnace and A/C (2021), new windows (2023), a fully renovated upstairs bathroom (2025), and new basement flooring and steps (2026). You'll also find an inviting sunroom and private office on the main floor, as well as a finished basement which is rare for a home of this age. Outside, enjoy a newer deck and pergola (2024), pre-wiring for electric car, a detached garage, and updated patio and landscaping - all on a 150ft deep lot, rare for a downtown setting. Set 10 feet above Charles Street over a beautiful mural, the height and cedar trees offer privacy. Although Charles Street may look like a busy road, it's much quieter than you'd expect because it caters to foot traffic, buses and the LRT. The layout adapts easily to different needs, with storage throughout. Set on a quiet, friendly street, you're walking distance to schools, the Iron Horse Trail, and an LRT stop, with great restaurants, bakeries, and grocery stores nearby, plus easy highway access. A home with history, well cared-for and ready for its next chapter.

The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.

Listed by RE/MAX TWIN CITY REALTY INC.. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.