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New4 days ago

113 Southwood Drive

, Kitchener

$665,000

Detached|Bungalow-Raised
3 | 2 | 3
About this home

Welcome to 113 Southwood Drive. This bright and cozy raised bungalow will make a Perfect Home for bothFirst Time Buyers and Savvy Investors. Located in the prestigious mature neighbourhood of Country Hillson a family-friendly quiet street close to schools, parks, and essential amenities. *** The open concept mainliving area is warm and inviting, with updated laminate flooring, modern lighting and a large windowflooding the space with natural light. Three good size bedrooms with big windows and roomy closetsprovide enough space for your Family. *** Finished Lower Level offers you a huge Family/Rec room withwood-burning Fireplace, additional room with above-grade window that could be your Home Office(currently being used as a storage room) and a 3-pcs Washroom (new in 2019). For added conveniencethere is direct access to the Garage with a bonus lockable room in the back of the Garage allowing foradditional storage or a workshop. *** Outside, a generously-sized deck overloos huge fully fenced backyardspace that further enhances the appeal, offering privacy, tranquillity, and ample room for gardening,children's play, or simply enjoying the outdoors. A custom water basin system (2017) saves you approx. 450litres of water, available for you to water your low maintenance gardens and grass. You also have additionallockable storage utilizing the space under your wooden deck. This home also offers a single-car garage andparking space for 2 cars in the driveway *** 113 Southwood Drive is an excellent choice for a variety oflifestyles. Whether you're looking for a forever home or a smart investment, this property offers endlesspossibilities and great potential in a desirable setting. Don't miss your chance to explore the charm andversatility of this home.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,063
Lot Size45 ft x 150 ft
mls© NumberX13794930
Listed ByRIGHT AT HOME 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%
$3,404
Property tax
$339
Heat allowance
$150
Housing costs
$3,892 / mo

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

Down payment20% · $133,000
25-yr amortization

Income needed

$120,000

gross annual household income

Payment at 4%
$2,798 / mo
Cash down
$133,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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