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Listed 17 days ago

99 Lorraine Avenue

, Kitchener

$705,000

Detached|Sidesplit 4
3 | 2 | 3
About this home

Welcome to the perfect 4 level home, with room for your family to grow! Highly desirable Heritage Park. Close to schools, shopping, sports fields, swimming and walking trails. This 3 bedroom,1.5 bath home has an extra shower in the laundry room and features a cozy den or tv room - currently used as a library, and a 3 season sunroom overlooking a good size backyard with mature trees for shade. Bright kitchen with dining area leads to a comfortable living room - perfect for entertaining. The upper floor has the 3 bedrooms and an updated, main 4 pc bath. Many of the principal rooms have been painted in recent years. Plenty of room for the kids to play with friends in the large rec room downstairs, and lots of room for Mom and Dad to have their space upstairs as well. Single car garage with direct access into the house makes grocery shopping nicer in bad weather. Updates include - newer main electrical panel, new roof 2025, many updated above grade windows and new furnace (9 years ago), new tankless hot water tank (3 years ago) and a new owned water softener.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleSidesplit 4
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,471
Lot Size54 ft x 120 ft
mls© NumberX13850384
Listed ByROYAL LEPAGE WOLLE REALTY

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%
$3,609
Property tax
$373
Heat allowance
$150
Housing costs
$4,131 / mo

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

Down payment20% · $141,000
25-yr amortization

Income needed

$127,000

gross annual household income

Payment at 4%
$2,967 / mo
Cash down
$141,000

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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