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Listed 18 days ago

127 Carson Drive

, Kitchener

$899,900

Detached|Bungalow
2 | 3 | 6
About this home

Prime Income Opportunity! Solid Brick 2+2 Bedroom Bungalow with Sunroom and Private Basement Apartment. Welcome to this exceptional property featuring 2 Main-floor Bedrooms, 1.5 baths and a light filled sunroom that serves as an ideal multi-season retreat or relaxing lounge space. The main level boasts a functional layout with bright living spaces, while a private separate entrance leads directly to a spacious 2 Bedroom, 1 bath basement apartment. An ideal setup for a mortgage-helper rental, multi-generational living or dual tenant income generation. Outdoors, the generous 60 ft x 180 ft deep lot boasts a fully fenced backyard for entertaining and pets, a double car garage and driveway that can accommodate 4 cars. Properties offering this degree of income potential and structural quality don't stay on the market long! Book your showing today!!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$6,156
Lot Size61.85 ft x 179.43 ft
mls© NumberX13673440
Listed ByCrown North 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%
$4,606
Property tax
$513
Heat allowance
$150
Housing costs
$5,269 / mo

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

Down payment20% · $179,980
25-yr amortization

Income needed

$162,000

gross annual household income

Payment at 4%
$3,787 / mo
Cash down
$179,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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