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Listed 2 months ago

20 Fairview Avenue

, Kitchener

$599,999

Detached|2-Storey
4 | 2 | 6
About this home

Opportunity, character, and endless potential await! This classic 4-bedroom, 2-bath home is ready for its next chapter and offers the perfect canvas for someone with vision. Situated on a large, beautifully treed lot on a mature street just steps from downtown, this property combines an exceptional location with unlimited possibilities. The welcoming full-width covered front porch sets the tone, while inside you'll find spacious principal rooms including an eat-in kitchen, formal dining room, and a comfortable living room with a cozy wood stove. Original woodwork throughout adds warmth, charm, and timeless character that simply can't be duplicated. This home requires extensive updating but offers incredible potential to become a stunning family residence or, a potential duplex investment. The unfinished walk-up attic offers excellent potential for future living space, while an upper walk-out porch off one of the bedrooms adds even more character and charm. The true showstopper is the spectacular backyard. The oversized, beautifully treed lot provides exceptional privacy and plenty of room for gardens, entertaining, family gatherings, or simply enjoying your own peaceful outdoor retreat. Recent improvements include a new roof and eavestroughs (2022), two attic windows replaced (2022), and a new furnace (2017), providing a solid starting point for your renovation plans. Additional features include a detached garage, a long private driveway with parking for 4-5 vehicles, a covered rear entry porch, and a flexible closing date. Bring your imagination and restore this character-filled home to its full potential. Great chance for a property with this much charm, such an incredible lot, and so much opportunity come to market!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,531
Lot Size50 ft x 130 ft
mls© NumberX13534428
Listed ByRE/MAX REAL ESTATE CENTRE INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,071
Property tax
$378
Heat allowance
$150
Housing costs
$3,599 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $120,000
25-yr amortization

Income needed

$111,000

gross annual household income

Payment at 4%
$2,525 / mo
Cash down
$120,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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