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, Kitchener
$599,000
Unbelievable opportunity! Attention investors, builders, and homeowners with a vision. Here is a rare opportunity to secure a mature, exceptionally large 132' x 151' lot. If you have been waiting for the perfect blank canvas to renovate, rebuild, or design something entirely your own look no further. This solid, brick 3 bedroom bungalow is being sold in its current condition, offering a fantastic structure for those looking to breathe new life into a property or a clean slate for developers ready to maximize the potential of this Res-2 zoned parcel. The current layout is practical, featuring a very large kitchen, large living room, 3 bedrooms and a bathroom all on the main floor. The spacious unfinished basement is accessed by inside the garage with a convenient interior access to the garage. Whether you are looking to take on a creative renovation or clear the path for a custom build, this property offers the space you need to turn your vision into reality. Opportunities like this on such a massive lot don't come around often-don't miss your chance to secure this property. Charming residential area behind the home with access to walking trails, schools, and all amenities.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,938 |
| Lot Size | 132 ft x 151 ft |
| mls© Number | X13692246 |
| Listed By | Royal LePage Real Estate Associates |
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%
- $3,066
- Property tax
- $412
- Heat allowance
- $150
- Housing costs
- $3,627 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$112,000
gross annual household income
- Payment at 4%
- $2,521 / mo
- Cash down
- $119,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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