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Listed 13 days ago

27 Rothsay Avenue

, Kitchener

$599,000

Detached|Bungalow
3 | 1 | 4
About this home

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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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,938
Lot Size132 ft x 151 ft
mls© NumberX13692246
Listed ByRoyal 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.

Down payment20% · $119,800
25-yr amortization

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 check

Investment Analysis

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

Values and trends

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