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Listed 14 days ago

58 Homestead Place

, Kitchener

$769,900

Detached|Bungalow-Raised
3 | 2 | 4
About this home

Fantastic opportunity in the highly sought-after Forest Heights neighborhood. This beautiful detached raised bungalow sits on a quiet street and offers incredible income or in-law suite potential. The bright, sun-filled main floor features a spacious living and dining area, a dedicated kitchen, 3 generous-sized bedrooms, and a 4-piece bath. The fully finished lower level boasts a separate walk-up entrance, a second complete kitchen with dining area, a massive family room, a large 4th bedroom and a 3-piece bath. Step outside to a private, fully fenced backyard perfect for entertaining. Parking is a breeze with a widened driveway accommodating up to 4 vehicles. Major updates were completed in 2019, including the roof, A/C, driveway, eavestroughs, soffits, and fascia, offering truly worry-free living! Unbeatable location just steps to parks, schools, transit, and shopping. This is a versatile, turnkey property you don't want to miss!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,297
Lot Size31.47 ft x 102.18 ft
mls© NumberX13688324
Listed ByRE/MAX GOLD 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%
$3,941
Property tax
$275
Heat allowance
$150
Housing costs
$4,365 / mo

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

Down payment20% · $153,980
25-yr amortization

Income needed

$134,000

gross annual household income

Payment at 4%
$3,240 / mo
Cash down
$153,980

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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