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Listed 17 days ago

112 Michener Crescent

, Kitchener

$950,000

Detached|Backsplit 4
3 | 3 | 4
About this home

Offering the space families are looking for, this large four-bedroom backsplit features three full bathrooms, formal living and dining rooms, a second living room, a double-car garage, and a private backyard with an in-ground pool. Located on a quiet, low-traffic crescent in the established Idlewood/Lackner Woods community, it is surrounded by mature trees and close to trails, schools, shopping, public transit, and Chicopee Ski Hill.Step inside to a welcoming hallway, with the formal living room and dining room located to the left. To the right is a spacious kitchen with plenty of cabinetry, granite countertops, and a bright breakfast area with direct access to the backyard patio. Recently updated flooring gives the home a fresh, modern feel.Upstairs, you will find three good-sized bedrooms. The primary bedroom includes its own full ensuite, while another full bathroom with a shower serves the additional bedrooms. Both upstairs bathrooms have been recently renovated.The lower level offers a second living room, a fourth bedroom, and another full bathroom-an excellent setup for guests, older children, or extended family. The basement adds even more useful space with a recreation room, laundry area, cold room, and storage.Outside, the deep and private backyard provides plenty of space to relax, entertain, and enjoy the pool. Close to Lackner Woods Natural Area, local plazas, Stanley Park Mall, Fairway Road shopping, and Highways 7 and 8, with convenient access to Waterloo, Guelph, and Cambridge.

Extras

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBacksplit 4
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,644
Lot Size49.21 ft x 147.64 ft
mls© NumberX13746428
Listed ByKELLER WILLIAMS INNOVATION 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%
$4,863
Property tax
$470
Heat allowance
$150
Housing costs
$5,483 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $190,000
25-yr amortization

Income needed

$169,000

gross annual household income

Payment at 4%
$3,998 / mo
Cash down
$190,000

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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