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, Kitchener
$715,000
Turn Key Opportunity in a Desirable Neighbourhood. This Newly Renovated 3 Bedroom Raised Bungalow includes a Fully Finished In-Law Suite with a Separate Entrance, Offering Excellent Potential for Multi-Generational Living or Rental Income. The Main Level features an Upgraded Kitchen with Quartz Counters and Stainless Steel Appliances, Open Concept Living, Three Spacious Bedrooms and a Modern 4pc Bathroom. The Lower Suite proves a Bright Living Area, Kitchenette, Updated Bathrooms and a Private Bedroom. Situated minutes from Major Highways and Essential Amenities. This Property offers Strong Cash Flow Potential and Convenience for Tenants or Extended Family. Ideal for Investors or Homeowners looking to offset Mortgage Costs.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,165 |
| Lot Size | 60 ft x 100 ft |
| mls© Number | X13692696 |
| Listed By | iCloud Realty Ltd. |
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%
- $3,660
- Property tax
- $347
- Heat allowance
- $150
- Housing costs
- $4,157 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$128,000
gross annual household income
- Payment at 4%
- $3,009 / mo
- Cash down
- $143,000
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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