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Listed 2 months ago

335 Belmont Avenue W

, Kitchener

$777,000

Detached|Bungalow-Raised
4 | 3 | 4
About this home

Welcome to 335 Belmont Ave West. This is a stunning fully Renovated 4+2 Bedroom Income Property with a Separate Basement Unit. Truly an exceptional opportunity to own a fully renovated home offering all but guaranteed positive cashflow benefits, even in today's market. It features 4 bedrooms and 2 full bathrooms on the main floor, plus a 2-bedroom basement unit with a separate entrance. New Furnace-2022, Water Heater Tank-2022, AC unit-2022, Upgraded Electrical Panel-2023, Appliances-2022/2023 and four total parking spaces including one in the garage, and a private backyard. Even the garage is insulated and fully finished. Located just a 30-second walk to public transit, yes you read that correctly, a main artery bus stop is just 30 seconds away. It is also close to schools, grocery stores, major universities such as University of Waterloo, Wilfrid Laurier University, and Conestoga College and major employers like Google and just minutes away from Kitchener's downtown Tech Core. The property is vacant and ready for immediate possession, allowing investors to set market rents and start generating income right away or giving the ultimate move-in flexibility for end users. This is a turnkey property ideal for any type of investor or direct buyers seeking additional income potential in a prime location. **BONUS** If all of this is not enough we are also offering a brand new 65 inch TV for potential buyers, please see the media video for more details. This property truly has it all!!!!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,405
Lot Size30.02 ft x 102.55 ft
mls© NumberX13564746
Listed ByLSG 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%
$3,977
Property tax
$284
Heat allowance
$150
Housing costs
$4,411 / mo

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

Down payment20% · $155,400
25-yr amortization

Income needed

$136,000

gross annual household income

Payment at 4%
$3,270 / mo
Cash down
$155,400

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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