Opportunity knocks at 7 Homestead Place! This property is the perfect fit for contractors, renovators, investors, or buyers looking to roll up their sleeves and create something of their own. The home is in need of updating and is being offered as a true handyman special, with plenty of potential for the right buyer.One of the standout features is the impressive 150-foot-deep lot, providing loads of outdoor space and possibilities. Adding even more value is the detached 25' x 16' garage/shop - an ideal setup for a contractor, hobbyist, extra storage, or anyone looking for a dedicated workspace.Located on a quiet residential street in Kitchener, this is a great opportunity to renovate, improve and add value. Bring your ideas, your tools and your vision - properties with this kind of lot and a detached shop don't come along every day!
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| Type | Detached |
| Style | Backsplit 4 |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,908 |
| Lot Size | 32.15 ft x 150.95 ft |
| mls© Number | X13793546 |
| Listed By | Trilliumwest Real Estate Brokerage |
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%
- $2,554
- Property tax
- $326
- Heat allowance
- $150
- Housing costs
- $3,030 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$93,000
gross annual household income
- Payment at 4%
- $2,100 / mo
- Cash down
- $99,800
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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