242 Sherwood Ave is a 3-bedroom, 1-bathroom detached home in Kitchener, listed for $549,900. It has 1100-1500 sq ft of living space.
1Step inside to discover a bright and spacious newly updated kitchen featuring plenty of cabinetry, generous prep space, and a convenient breakfast bar for casual dining.
2A side entrance off the kitchen provides easy access to the detached garage and parking area.
3Outside, enjoy a spacious side yard with room for outdoor entertaining, gardening, or simply relaxing.
Welcome to 242 Sherwood Avenue, Kitchener! This charming home offers many updates throughout, making it a fantastic opportunity for first-time home buyers, empty nesters, and downsizers alike! Step inside to discover a bright and spacious newly updated kitchen featuring plenty of cabinetry, generous prep space, and a convenient breakfast bar for casual dining. A side entrance off the kitchen provides easy access to the detached garage and parking area. The inviting dining area flows seamlessly into the kitchen and features a stunning double-sided wood-burning fireplace that connects to the cozy living room. With soaring ceilings, plenty of natural light, and the warmth of the fireplace, the living room is the perfect place to relax and unwind. New flooring throughout the main level adds a fresh, modern feel. The main floor also offers three generously sized bedrooms, all featuring stylish sliding barn door closets, along with a 4-piece bathroom. The unspoiled basement offers endless possibilities and plenty of potential to create additional living space to suit your needs. Outside, enjoy a spacious side yard with room for outdoor entertaining, gardening, or simply relaxing. A detached single-car garage and driveway parking for two vehicles add to the convenience of this property. With its many updates, functional layout, and inviting atmosphere, this home is ideal for those looking to enter the market or enjoy the convenience of main-floor living. Don't miss your chance to call 242 Sherwood Avenue home!
3 bedrooms, 1 bathroom, about 1,100 sq ft, works out to roughly $500 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 242 Sherwood Ave
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Parking
3 spacesYes garage
Basement
Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
3
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
242 Sherwood Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14154824$549,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 242 Sherwood Ave Compares to the Kitchener Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,701
/mo
based on the purchase price of $549,900
$109,980 cash
$439,920 financed
$370,528 total interest
Principal54%$439,920
Interest46%$370,528
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Kitchener
Other 3–4 bed homes for sale in Kitchener around $550K.
Average days on market30Homes sold in about 30 days on average.
Sale-to-list ratio100.9%On average, homes sold at or above asking.
Active listings728Homes for sale here right now.
Median vs prior 90 days−1.0%Compared with May 10 – Aug 8, 2026: prices down.
Based on 718 sales from Aug 8 – Nov 6, 2026 (592 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 242 Sherwood Ave
How much is 242 Sherwood Ave listed for?
242 Sherwood Ave is listed at $549,900 (MLS® X14154824). Summitly updates the price as soon as the MLS® record changes.
Is $549,900 a good price for 242 Sherwood Ave?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Kitchener. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 242 Sherwood Ave changed?
No — 242 Sherwood Ave is still listed at its original asking price of $549,900.
How many bedrooms and bathrooms does 242 Sherwood Ave have?
242 Sherwood Ave has 3 bedrooms and 1 bathroom, with about 1,100–1,500 square feet of living space. It is a detached home in Kitchener.
How much would the monthly mortgage be on 242 Sherwood Ave?
About $2,701 a month — principal and interest on $549,900 with 20% down ($109,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
Are there open houses at 242 Sherwood Ave?
Yes — Friday, November 6, 5:00 PM – 7:00 PM; Saturday, November 7, 2:00 PM – 4:00 PM; Sunday, November 8, 2:00 PM – 4:00 PM. Open-house times come from the listing brokerage and can change, so check this page before you go, or book a private viewing.
How does 242 Sherwood Ave compare with other homes in Kitchener?
Its asking price of $549,900 is about 17% below the median sold price in Kitchener over the last 90 days, $665,000, across 718 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 242 Sherwood Ave been sold before?
Summitly has no earlier MLS® sale or lease of 242 Sherwood Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 242 Sherwood Ave?
242 Sherwood Ave is in Kitchener, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 242 Sherwood Ave been on the market?
1 day — 242 Sherwood Ave was listed on November 5, 2026.
What is the price per square foot of 242 Sherwood Ave?
About $367 to $500 per square foot: the asking price of $549,900 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 242 Sherwood Ave have parking or a garage?
Yes — the listing gives 3 parking spaces. Garage: Yes.
