Spacious 4-bedroom with income-ready basement in Forest Hill

Property details for 104 Mausser Avenue, Kitchener

Type: Residential
Style: Other
Bedrooms: 4
Bathrooms: 2
Living Area: 2,252 square feet
Stories: 2
Basement: Finished, Full
Parking: Detached Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $4,021

Tucked on a quiet street in Kitchener's Forest Hill, this 4-bed, 2-bath home is a rare find for investors or multi-generational families. You're just a 10-minute walk to St. Mary's General Hospital and a short drive to the 401, with downtown Kitchener only 2 km away. The main floor's open layout connects living and dining to a galley kitchen with granite counters and a built-in microwave-compact but well-arranged. One bedroom sits on the main floor, handy for guests or a home office, while two more are upstairs. The real standout is the finished basement: a separate entrance isn't there, but it's wired with its own kitchen, 3pc bath, and a rec room that's 28 by 12 feet. You can easily lock off a door to create a full apartment for rental income. Outside, the detached garage fits one car but you'll find space for four more in the driveway. Brick exterior, forced-air gas heating, central A/C. Built in 1952, it's solid but shows its age in places. At 2,252 sq ft, it's roomy, and the $599,900 price sits below the neighborhood median of $649,900. Taxes run about $4,021 annually. If you're looking for a mortgage helper or a spot for in-laws, this layout delivers rare flexibility without a premium price tag.

About 104 Mausser Avenue, Kitchener — Property Score

Strong Investment Well Priced

Score: 69/100

Value

Priced 22.1% below area median of $769,900 based on 143 comparable properties nearby 100

$266/sqft - 27.5% below the $367/sqft area median 100

Stable pricing - no price changes since original listing date 50

Size

2,252 sqft - 31% more space than similarly priced homes (1,723 sqft median) 85

4 bedrooms - 1 more than similarly priced 3-bedroom homes nearby 72

2 bathrooms - typical for similarly priced properties 60

Location

$53K median household income - below the Canadian average of $70K 56

78% of residents hold postsecondary credentials - a highly educated neighbourhood 86

50% homeownership rate - a balanced mix of owners and renters 65

61% of residents commute under 30 minutes - excellent commuter accessibility 79

4,405/km² population density - a well-balanced suburban area 86

Market

Just listed - area average is 55 days on market 100

-9.7% median price change over 1 month - declining prices in the area 2

41 months of housing supply - 574 active listings with 14 sold last month (buyer's market) 40

Features

5-car garage - more than the area average of 4.4 spots 95

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

Built in 1952 (74 years old) - established home with character, older than the area average (1976) 35

No premium extras like pool, waterfront, or view 50

Investment

0.67% effective tax rate ($4,021/yr) - below the Canadian average of ~1% 80

50% renter population - strong rental demand in this area 90

Quality

Condition

Listing

50 photos provided - 28% more than the area average of 39 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.