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New4 days ago

25 Thornridge Crescent

, Kitchener

$999,700

Detached|Bungalow-Raised
4 | 4 | 6
About this home

Spacious High-Raised Bungalow with Legal 3-Bedroom Walk-Out Basement Apartment!4Bedrooms 2 Bathrooms Upstairs | 3 Bedrooms 2 Bathrooms Legal Basement |63 x 115' Lot |6-Car Parking Welcome to this exceptional high-raised bungalow in Kitchener, situated on an impressive 63-foot wide by 115-foot deep lot with parking for up to 6 cars.The main level offers 4 spacious bedrooms and 2 full bathrooms, along with both a comfortable living room and separate family room, providing plenty of space for everyday family living and entertaining.A major highlight of this property is the legal 3-bedroom, 2-bathroom walk-out basement apartment. With its own walk-out access and spacious layout, the lower level is ideal for extended family, multi-generational living, or generating rental income.Property Highlights4 bedrooms on the main level2 full bathrooms on the main level Spacious living room Separate family room Legal 3-bedroom, 2-bathroom basement apartmentWalk-out basement with excellent natural light Separate living space ideal for rental income or extended family63' x 115' lot Parking for 6 vehicles High-raised bungalow design Excellent opportunity for homeowners and investors Great potential for multi-generational living A rare combination of a large lot, generous parking, spacious main-floor living, and a legal walk-out basement apartment. Live comfortably upstairs while the legal basement provides additional income potential-or enjoy the entire property as a fantastic multi-generational home.Don't miss this outstanding Kitchener opportunity! Book your private showing today.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,712
Lot Size63.25 ft x 116 ft
mls© NumberX13794290
Listed ByHOMELIFE/MIRACLE REALTY LTD

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%
$5,117
Property tax
$476
Heat allowance
$150
Housing costs
$5,743 / mo

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

Down payment20% · $199,940
25-yr amortization

Income needed

$177,000

gross annual household income

Payment at 4%
$4,207 / mo
Cash down
$199,940

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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