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New24 hours ago

22 Herlan Avenue

, Kitchener

$529,000

Detached|2-Storey
4 | 2 | 3
About this home

Red brick home on a super quiet street within walking distance of Grand River Hospital (WRHN). This home sits on a 166 foot deep lot perfect for relaxing, gardening and playing with the kids. Large front porch, perfect for that Saturday morning coffee. The home is currently set up as a duplex but can easily be converted back to a single family home. Main floor has a 3 pc bath, good sized kitchen, living and dining room with pocket doors to divide the space and a large family room at the back of the home overlooking the spacious yard. Upstairs has a 3 piece bath and 3 bedrooms (if you remove the upper kitchen). Some sweat equity will go a long way towards getting you into this home that is full of potential. Roof was done in 2019. Nice newer shed. All appliances are working but purchased in "AS IS" condition. This is an Estate Sale.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,043
Lot Size40 ft x 166 ft
mls© NumberX13727206
Listed ByRE/MAX TWIN CITY 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%
$2,708
Property tax
$337
Heat allowance
$150
Housing costs
$3,195 / mo

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

Down payment20% · $105,800
25-yr amortization

Income needed

$98,000

gross annual household income

Payment at 4%
$2,226 / mo
Cash down
$105,800

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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