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New4 days ago

38 Yule Place

, Kitchener

$1,200,000

Detached|Bungaloft
5 | 3 | 4
About this home

Welcome to this exceptional all-brick bungaloft, tucked away on a quiet court in Kitchener's desirable Heritage Park neighbourhood! Set on a beautifully treed, private property of approximately 1/3 of an acre, this home has undergone an incredible transformation, with over $400,000 invested in quality renovations that combine timeless character with modern sophistication. Inside, discover gorgeous new engineered hardwood flooring, updated trim, two gas fireplaces and a stunning kitchen renovation. The completely transformed lower level is an absolute standout! The spacious recreation room features a stunning stone fireplace, custom built-ins and a gorgeous beverage centre with bar fridge, perfect for entertaining or relaxing. An additional bedroom with a proper egress window offers flexibility for guests or family, while the beautifully finished full bathroom with heated floors adds comfort and luxury. Other significant improvements include a renovated main bathroom, updated siding, a new front entrance and updated windows. Outside, the expansive, fully fenced backyard offers exceptional privacy and an incredible setting for entertaining or unwinding. A beautiful cedar deck, hot tub and gazebo create your own private retreat, with plenty of space for children, pets and outdoor activities. This much space and privacy within the city is increasingly hard to find! Enjoy nearby woodland trails and walking distance to schools, shopping, Stanley Park Community Centre and the Kitchener Memorial Auditorium. Chicopee Ski Hill, Lyle Hallman Pool, Grand River Arena and Stanley Park Library are minutes away, with convenient access to the expressway and Highway 401. Beautifully renovated, exceptionally private and filled with character, this is a rare opportunity to enjoy an established neighbourhood with the comfort and style of a thoughtfully transformed home. A property that truly stands apart!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungaloft
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$5,497
Lot Size45 ft x 137.19 ft
mls© NumberX14034006
Listed ByRE/MAX Solid Gold Realty (II) Ltd

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%
$6,142
Property tax
$458
Heat allowance
$150
Housing costs
$6,750 / mo

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

Down payment20% · $240,000
25-yr amortization

Income needed

$208,000

gross annual household income

Payment at 4%
$5,050 / mo
Cash down
$240,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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