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Listed 2 months ago

519 Duke Street W

, Kitchener

$999,997

Detached|2 1/2 Storey
3 | 3 | 6
About this home

Welcome to 519 Duke Street W - a modern, legal duplex in the heart of Kitchener's thriving Innovation District. Built in 2016, this purpose-built duplex offers the perfect opportunity for an owner-occupier looking to offset their mortgage with rental income. Move into the spacious upper unit featuring 3 bedrooms, 2 bathrooms, an open-concept layout, and an attached double garage, while the separate lower unit provides immediate income potential. Each suite is completely self-contained with its own private entrance, furnace, hot water tank, A/C, hydro meter, and laundry, offering exceptional privacy and convenience. Enjoy a fully fenced backyard with a large deck, plus a location just minutes from Downtown Kitchener, Uptown Waterloo, the ION LRT, Google, Communitech, D2L, Conestoga College's Downtown Campus, Victoria Park, restaurants, cafés, and countless tech employers. A rare opportunity to enjoy modern living while building equity with rental income.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,518
Lot Size45.88 ft x 71.01 ft
mls© NumberX13552952
Listed ByENGEL & VOLKERS WATERLOO REGION

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%
$5,118
Property tax
$377
Heat allowance
$150
Housing costs
$5,645 / mo

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

Down payment20% · $199,999
25-yr amortization

Income needed

$174,000

gross annual household income

Payment at 4%
$4,208 / mo
Cash down
$199,999

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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