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Price Change$899,900

805 Rockway Drive

, Kitchener

$829,900

Detached|Bungalow
4 | 2 | 4
About this home

Amazing turnkey investment opportunity with this fully renovated legal duplex located in the desirable Rockway Gardens area of Kitchener. Whether you're an investor looking for a strong income property or a homeowner wanting a mortgage helper, this property offers flexibility, quality, & long-term value. The duplex features a 3-bedroom, 1-bathroom upper unit & a 1-bedroom + Den, 1-bathroom lower unit. Each unit has separate parking, separate utilities, its own storage locker, private laundry, & its own fully fenced backyard space with a deck, providing excellent privacy for tenants. Completely gutted & renovated in 2022, this property was rebuilt with long-term durability in mind. No expense was spared during the renovation, & the home is topped with a steel roof for added peace of mind. The upper unit features luxury vinyl flooring throughout, a modern kitchen with granite countertops, a 4-piece bathroom, 3 bedrooms with a spacious primary bedroom with a large walk-in closet, & its own laundry room. The lower unit also features luxury vinyl flooring throughout, a kitchen with granite countertops, a den with a built-in desk that is ideal for a home office or study area, a bedroom, private laundry, & a 3-piece bathroom with heated floors. The furnace, hot water systems, water softeners, electrical panels, & utility equipment are conveniently located in a common utility room for easy access & maintenance. Outside, the property includes 3 surface parking spots, a 1-car garage, 2 private storage lockers, & separate fully fenced backyard spaces for each unit, making it an attractive option for tenants. Located in the sought-after Rockway Gardens neighbourhood, this property is minutes from Rockway Golf Course, parks, schools, walking trails, Fairview Park Mall, grocery stores, restaurants, public transit, & the ION LRT. Commuters will appreciate the quick access to Highway 7/8 & Highway 401

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,766
Lot Size50 ft x 120 ft
mls© NumberX13541954
Listed ByRE/MAX TWIN CITY REALTY INC.

Listing History

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  • 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%
$4,248
Property tax
$397
Heat allowance
$150
Housing costs
$4,795 / mo

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

Down payment20% · $165,980
25-yr amortization

Income needed

$148,000

gross annual household income

Payment at 4%
$3,492 / mo
Cash down
$165,980

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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