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Listed 24 days ago

218 Forestwood Drive

, Kitchener

$750,000

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

Beautifully Renovated Home with Private Granny Suite & Exceptional Outdoor Space Welcome to this beautifully updated and versatile home, offering a wonderful combination of renovated living spaces, flexible bedroom options, a private lower-level granny suite, and an exceptional backyard retreat. The main floor features a renovated kitchen with granite countertops, rich cherry cabinetry, and a premium Thermador chef stove. A three-way fireplace creates a warm and inviting focal point for the main living area. The updated bathroom includes a new tub and surround and a bidet, while convenient main-floor laundry adds to the home's functionality. The spacious primary bedroom offers plenty of room to relax and could potentially be converted back to three separate bedrooms, providing flexibility for a growing family or changing needs. The lower level features a separate potential granny flat with its own private entrances and key, making it ideal for extended family, guests, or additional living accommodations. The suite includes a renovated bathroom, separate laundry, and a gas fireplace, creating a comfortable and inviting space with excellent versatility. Outside, enjoy your own private backyard oasis. The new hot tub and updated wrap-around deck and fence provide the perfect setting for relaxing or entertaining, while the mature pond and established landscaping create a peaceful and very private atmosphere. The property also features a recently paved double driveway, completed in 2025, providing generous parking and excellent curb appeal. A rare opportunity to own a home offering extensive updates, flexible living arrangements, a separate potential granny suite, multiple fireplaces, convenient laundry facilities, and a beautifully private outdoor retreat.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,124
Lot Size45 ft x 121.32 ft
mls© NumberX13823618
Listed ByThe Realty Firm 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%
$3,839
Property tax
$344
Heat allowance
$150
Housing costs
$4,333 / mo

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

Down payment20% · $150,000
25-yr amortization

Income needed

$133,000

gross annual household income

Payment at 4%
$3,156 / mo
Cash down
$150,000

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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