121 Water Street, Kitchener, ON

$689,000
MLS#:X12243663
3 beds
2 baths
1100-1500 sqft
2.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] detached located in the coveted neighborhood of Kitchener. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $689,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a premium 69.02 x 63.28 ft lot
  • Features a ["development potential", "unfinished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: Water Heater, Water Softener
  • equipped with ["window unit(s)"] central cooling and highly efficient forced air heating via gas

Welcome to 121 Water Street S a 1910 Craftsman home where historic charm meets modern living, right in the heart of downtown Kitchener. Backing onto Victoria Park with lake views and just steps to the Iron Horse Trail, festivals, schools, Google, GO & ION transit, City Hall, shopping, and hospitals this location is unmatched. This beautifully maintained 3-bedroom, 2-bath home features award-winning Kitchener Blooms gardens and blends original architectural detail with stylish updates. The welcoming front porch leads into a formal living room perfect for entertaining, and then a bright, open-concept kitchen and dining area, all with expansive windows and views. A versatile bonus room with its own entrance offers a cozy retreat or home office space. Upstairs, find three bedrooms, a 4-piece bath, and attic access with future potential. The basement includes a 3-piece bath, laundry, workshop, rec space, and generous storage. Year-round blooms grace the boulevard garden, while the lush rear and side yard offers a private urban oasis. Thoughtfully updated from 20182025, including new windows, kitchen, baths, appliances, furnace, electrical, plumbing, and more. Once a non-conforming duplex, existing infrastructure (like second-floor plumbing and electrical rough-ins) offers future flexibility for an in-law suite or multi-generational living. Located in the Victoria Park Heritage District, this rare gem is ideal for those who love history, nature, and vibrant city life.

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 7, 2025
Sold price information is available to members only
Listed Date6/25/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick, Vinyl Siding
Lot Size69.02 × 63.28 Feet
CountyWaterloo
Annual Tax$3,825.78
Legal DescriptionPT LT 143 SUBDIVISION OF LT 17 GERMAN COMPANY TRACT KITCHENER; PT LT 10 PL 47 KITCHENER AS IN 575215; KITCHENER

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Window Unit(s)"]

Features

Property Features

Hospital, Lake/Pond, Park, Place Of Worship, Public Transit, School

Community Features

Location

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121 Water Street, Kitchener, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Kitchener.

Verified Local Data
Population575,847
Median Age38 Yrs
Ownership65% Owners
Avg Area List Price$680,389

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Local Schools Guide

Elementary Schools

Our Lady of Grace
Public70 Gracefield Crescent, Alpine, Kitchener, Ontario, N2E 1R9
7.3
Alpine
Public75 Lucerne Drive, Alpine, Kitchener, Ontario, N2E 1B4
5.8
Queen Elizabeth
Public191 Hoffman Street, Southdale, Kitchener, Ontario, N2M 3N2
4.0
A R Kaufman
PublicCarwood Avenue, Rockway, Kitchener, Ontario, N2G 3C5
2.0
Country Hills
Public195 Country Hill Drive, Country Hills, Kitchener, Ontario, N2E 2G7
4.4

Secondary Schools

St. Mary’s
Catholic1500 Block Line Road, Kitchener, Ontario, N2C 2S2
6.1
Eastwood
Public760 Weber Street East, Eastwood, Kitchener, Ontario, N2H 1H6
5.8

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 121 Water Street S, Kitchener, ON N2G 1Z4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$551,200
Monthly Mortgage$3,203
Property Tax (Est.)$319
Utilities & Maint.$350
Total Monthly Cost$3,872

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Kitchener.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.