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New3 days ago

38 Lyle Place

, Kitchener

$925,000

Detached|2-Storey
3 | 4 | 7
About this home

Welcome home to a wonderfully spacious 2-storey property nestled in one of Kitchener's most loved family neighborhoods! Designed for households ready to take their next step, this inviting home offers room to grow, play and settle in for years to come! With a rare 3-car garage and parking for four vehicles in the driveway, it's ideal for busy families, hobbyists or anyone needing extra space for gear, storage or activities. The main floor provides everything a family needs for smooth daily living: a bright home office for work or homework, a convenient powder room and a warm, welcoming living room with a natural gas fireplace - perfect for cozy evenings together. The kitchen leads out to the backyard, where a gas BBQ hookup makes summer dinners and weekend gatherings effortless. Upstairs, you'll find three comfortable bedrooms, a full 4piece bathroom and a smart ensuite powder room/laundry combo that keeps everyday routines easy and efficient. The finished basement add seven more flexible space, including a large rec room with a natural gas fireplace, a 3-piece bathroom and exceptional storage - ideal for toys, sports equipment, seasonal items or creating a dedicated hangout zone for kids and teens. Thoughtful upgrades include EV-charger wiring in the garage (Tesla charger not included). The Solar Panels are now in the 17th year of the MicroFIT program, providing income to the home owners. Once the contract ends, they will provide long term energy savings. Set on a quiet cul-de-sac surrounded by parks, schools and walkable streets, this home delivers comfort, practicality, and long-term value - an ideal next chapter for families looking to move up and settle into one of Kitchener's most established and desirable communities. **Interboard listing: Cornerstone Association of REALTORS**

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$5,638
Lot Size44.97 ft x 129 ft
mls© NumberX13802008
Listed ByRE/MAX Icon Realty, 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%
$4,735
Property tax
$470
Heat allowance
$150
Housing costs
$5,354 / mo

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

Down payment20% · $185,000
25-yr amortization

Income needed

$165,000

gross annual household income

Payment at 4%
$3,893 / mo
Cash down
$185,000

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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