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498 Karn Street

Kitchener, ON N2M 2C1

ActiveFor Sale
7 Beds
6 Baths
2,500 Sq Ft
Multi-Family
Virtual Tour Available

About This Property

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.

Property Details

StatusActive
Property TypeMulti-Family
Listing TypeFor Sale
Interior Size2,500 sq ft
Bedrooms7
Bathrooms6
Taxes (2026)$8,731
Postal CodeN2M 2C1
Last UpdatedOct 29, 2026 · 10:39 a.m.

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Features & Amenities

  • Air Conditioning
  • Basement

Buying or selling in Kitchener?

Filipe & Isabel Ferreira and the Team Filipe (RE/MAX Ultimate Realty Inc., Brokerage) represent buyers and sellers here. Local guides and live listings below.

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TRREB MLS® Attribution

MLS® X13865420

Listed by Red And White Realty Inc

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$1,379,000

asking price

MLS®X13865420
TypeMulti-Family
CityKitchener
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$6,734

/month · $1,103,200 mortgage

Down Payment20% — $275,800
Interest Rate5.5%

Amortization

Total Interest

$916,952

Total Cost

$2,020,152

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

Full Mortgage Calculator →

Listed By

Red And White Realty Inc