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New1 hour ago

7 Cardill Crescent

, Waterloo

$910,000

Detached|Bungalow
4 | 2 | 6
About this home

Exceptional Waterloo Investment Opportunity! This Extensively Renovated 7-Bedroom, 2-Bathroom Legal Duplex Is Positioned On An Expansive 53.67 Ft X 153.87 Ft Lot In A Highly Sought-After Rental Location, Just Minutes From The University Of Waterloo, Wilfrid Laurier University, And Conestoga College. The Property Has Undergone Substantial Improvements, Including Two Updated Kitchens, Refreshed Bathrooms, Modern Flooring, Upgraded Lighting, And Numerous Additional Enhancements Throughout. Offering Excellent Versatility For Investors, Multi-Generational Households, Or Owner-Occupiers, This Property Presents Strong Income-Generating Potential With The Benefit Of A Legally Configured Duplex. The Generous Lot Size Also Provides Attractive Future Redevelopment Possibilities For Builders And Developers. The Neighbouring Property At 5 Cardill Crescent Has Been Transformed Into A Multiplex, Showcasing The Area's Potential For Intensification. An Outstanding Opportunity To Acquire A Well-Positioned Property Offering Immediate Rental Appeal, Versatile Living Arrangements, And Significant Long-Term Investment Potential.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$6,350
Lot Size52.08 ft x 153.87 ft
mls© NumberX13733762
Listed ByHOMELIFE/FUTURE REALTY INC.

Listing History

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  • 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%
$4,658
Property tax
$529
Heat allowance
$150
Housing costs
$5,337 / mo

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

Down payment20% · $182,000
25-yr amortization

Income needed

$164,000

gross annual household income

Payment at 4%
$3,829 / mo
Cash down
$182,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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