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, Kitchener
$690,000
Fantastic turnkey opportunity in a highly desirable Kitchener neighbourhood! Sitting on a generous 40 x 120 ft lot, this solid detached home is a dream for investors or first-time buyers, offering an incredible rental income potential of $2,600/month. Enjoy ultimate peace of mind with major big-ticket upgrades already completed, including a NEW roof , a NEW furnace , and a freshly paved NEW driveway. The bright, functional layout features spacious living areas, a brand NEW stove in the kitchen, and a full basement with versatile storage space. Conveniently located close to parks, trails, top-rated schools, shopping, transit, and easy access to Highway 401. Immediate vacant possession available-start generating income from day one or move right in worry-free!
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,677 |
| Lot Size | 40 ft x 120 ft |
| mls© Number | X13679742 |
| Listed By | EXP REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,532
- Property tax
- $306
- Heat allowance
- $150
- Housing costs
- $3,988 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$123,000
gross annual household income
- Payment at 4%
- $2,904 / mo
- Cash down
- $138,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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