$699,900
223 CONNAUGHT Street
Beds
4
Baths
2
Sqft
—
Year
1959
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kitchener. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Welcome Home to 223 Connaught Street, a beautifully renovated bungalow offering exceptional flexibility and income potential. Pride of ownership is evident throughout the home, from the thoughtfully maintained landscaping to the updated electrical panel, creating a sense of confidence in the home’s condition the moment you walk through. Updated approximately five years ago, this property blends modern finishes with practical living for both homeowners and investors alike. The main level features a bright, open-concept layout highlighted by California shutters, custom lighting, and a spacious living area that flows seamlessly into the updated kitchen. Sliding doors lead directly to the back deck, creating an easy transition for indoor-outdoor living and entertaining. Two well-appointed bedrooms, each with ceiling fans, are complemented by an updated bathroom that completes the level with comfort and style. Downstairs, the self-contained lower unit offers a one-bedroom layout, with an additional room currently used for storage that presents excellent potential for a second or third bedroom, home office, or flex space. Step outside to a beautifully landscaped backyard designed for both relaxation and entertaining. Enjoy the private deck, mature greenery, and a sense of space that is hard to find in the city. The detached garage is fully insulated and equipped with 110V power, making it ideal for hobbyists, additional storage, or workspace needs. The large driveway provides ample parking, adding even more convenience for multi-unit living. Located in a highly accessible area just minutes to Highway 401 access, public transit including LRT, shopping, and everyday amenities, making this a prime location for all. Whether you are looking to live in one unit and rent the other, or add a solid, turn-key investment to your portfolio, 223 Connaught Street delivers versatility, comfort, and long-term value. (id:65958)
- Subtype
- Multi-family
- Structure
- Duplex
- Community
- 327 - Fairview/Kingsdale
- Common interest
- Freehold
- Living area
- 2,029 square feet
- Parking
- 6 total
- Stories
- 2
- On market
- Apr 21, 2026
- Status changed
- Apr 21, 2026
- Annual tax
- $4,043
- Zoning
- R2B
- Photos
- 50
- MLS#
- 40822389
- Area
- KITCHENER
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
Community
Cash on cash
-6.75%
Cap rate
3.51%
GRM
16.7
Break-even rent
$4,329
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.