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Listed 13 days ago

28 Hoffman Street

, Kitchener

$715,000

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

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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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,165
Lot Size60 ft x 100 ft
mls© NumberX13692696
Listed ByiCloud 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.

Down payment20% · $143,000
25-yr amortization

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 check

Investment Analysis

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

Values and trends

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