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New2 days ago

50 William Nador Street

, Kitchener

$1,199,999

Detached|2-Storey
4 | 6 | 4
About this home

Experience Luxury Living along-with $3,000/Month Rental Income from a Legal Basement Suite. Welcome to this exceptional nearly new, beautifully upgraded home built in late 2022, where contemporary design meets thoughtful functionality & outstanding income potential. Set on a premium 36-ft lot, this impressive residence offers a double-car garage, fully fenced backyard, professionally finished concrete landscaping, & an abundance of upscale interior finishes. From the moment you step inside, the open-concept main floor makes a lasting impression with9-ft ceilings, upgraded hardwood flooring, elegant tile, & pot lights throughout. A dedicated home office offers a quiet & functional workspace, while the inviting gas fireplace creates a warm focal point for the living area. The spectacular chef-inspired kitchen is designed to impress, featuring extended cabinetry, built-in appliances, gas stove, upgraded quartz countertops, & an oversized 9-ft island. Whether hosting guests or enjoying everyday family meals, this space combines style, functionality. An elegant oak staircase with metal spindles leads to the second floor, offering four generously sized bedrooms, three full washrooms, & a dedicated laundry room. The spacious primary suite provides a private retreat with a large bedroom layout & walk-in closet. Upgraded broadloom throughout the upper level adds an extra layer of comfort. Adding significant versatility & value is the fully legal 2-bedroom basement apartment, featuring two full washrooms & a spacious open-concept area with flexibility for additional living space or a potential third room. The suite is currently leased for $3,000/month, providing an attractive income stream or an excellent option for extended family. Combining a modern 2022 build, premium lot, extensive upgrades, high-end appliances, generous bedroom and washroom count, and a legal income-producing suite, this turnkey property offers exceptional luxury living & additional income potential.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$8,281
Lot Size36 ft x 98 ft
mls© NumberX13804412
Listed ByHOMELIFE G1 REALTY INC.

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%
$6,142
Property tax
$690
Heat allowance
$150
Housing costs
$6,982 / mo

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

Down payment20% · $240,000
25-yr amortization

Income needed

$215,000

gross annual household income

Payment at 4%
$5,050 / mo
Cash down
$240,000

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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