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Price Change$719,000

51 Appalachian Crescent

, Kitchener

$690,000

Detached|Bungalow
3 | 3 | 4
About this home

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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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,677
Lot Size40 ft x 120 ft
mls© NumberX13679742
Listed ByEXP 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.

Down payment20% · $138,000
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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