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Price Change$714,900

290 Melrose Drive

, Kitchener

$689,000

Detached|Bungalow
3 | 2 | 4
About this home

Are you looking for a centrally located bungalow in a mature area of the city? Then come check out this charming single detached bungalow has been thoughtfully updated, is completely carpet free, offers a separate entrance, features a cozy gas fireplace, and carries the solid character of its 1953 build. Out front, the property provides parking for four vehicles - one in the detached single car garage and another three along the long asphalt driveway. The fenced rear yard offers plenty of outdoor enjoyment with a sunroom, a walk up from the lower level, a garden shed, and ample space for a future vegetable garden. Inside, this bungalow offers 1,047 square feet of living space with three bedrooms, two full bathrooms, and a finished lower level rec room. Stepping through the front door, you're welcomed by a good sized foyer, and to the left, a large living room enhanced with pot lights and laminate flooring. The kitchen features plenty of white cabinetry, a tiled backsplash, stainless steel appliances, and a convenient side entrance. At the back of the home are three bedrooms, all with laminate flooring, along with a recently updated four piece family bathroom. The lower level provides a generous rec room with laminate flooring and a gas fireplace, adding that extra bit of living space for today's growing families. Continuing downstairs, you'll find the walk up staircase, another full bathroom, the laundry area, and plenty of finished storage space. The property is walking distance to the neighbourhood off leash dog park, the Kitchener Memorial Auditorium and very close to Tim Hortons, the Expressway at Frederick/Victoria and Fairview Park Mall. Offering a flexible closing date this move in ready bungalow can be the perfect option to align your family for the upcoming school year. Please take a moment to view the marketing video, 360 degree photography and the other photos to get a full grasp of what the property has to offer.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,206
Lot Size51.08 ft x 133.86 ft
mls© NumberX13598258
Listed ByBOSLEY REAL ESTATE LTD.

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%
$3,527
Property tax
$351
Heat allowance
$150
Housing costs
$4,027 / mo

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

Down payment20% · $137,800
25-yr amortization

Income needed

$124,000

gross annual household income

Payment at 4%
$2,899 / mo
Cash down
$137,800

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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