805 Rockway Drive, Kitchener

$699,900
805 Rockway Drive

$699,900

Price Change
30d
DetachedBungalow

805 Rockway Drive, Kitchener

Total Monthly Obligation $3,595

Beds
4
Baths
2
Park
3
Sqft
1100-1500
DOM
30d
Score
20
Yield
5.4%
Cash on Cash
-1.3%
Cap Rate
4.3%
5Y IRR
14.6%
10Y IRR
13.8%
Property Type-Detached
MLS® Number-X13818794
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-50 × 120 ft
Listed on site-Sep 23, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,766.34 (2026)
Parking-4 - Detached
Basement-Finished, Separate Entrance, Walk-Up
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick Veneer
Roof-Metal
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Amazing turnkey investment opportunity with this fully renovated legal duplex located in the desirable Rockway Gardens area of Kitchener.Whether you're an investor looking for a strong income property or a homeowner wanting a mortgage helper, this property offers flexibility,quality, & long-term value. The duplex features a 3-bedroom, 1-bathroom upper unit & a 1-bedroom + Den, 1-bathroom lower unit. Each unit hasseparate parking, separate utilities, its own storage locker, private laundry, & its own fully fenced backyard space with a deck, providing excellentprivacy for tenants. Completely gutted & renovated in 2022, this property was rebuilt with long-term durability in mind. No expense was sparedduring the renovation, & the home is topped with a steel roof for added peace of mind. The upper unit features luxury vinyl flooring throughout, amodern kitchen with granite countertops, a 4-piece bathroom, 3 bedrooms with a spacious primary bedroom with a large walk-in closet, & itsown laundry room. The lower unit also features luxury vinyl flooring throughout, a kitchen with granite countertops, a den with a built-in desk thatis ideal for a home office or study area, a bedroom, private laundry, & a 3-piece bathroom with heated floors. The furnace, hot water systems,water softeners, electrical panels, & utility equipment are conveniently located in a common utility room for easy access & maintenance.Outside, the property includes 3 surface parking spots, a 1-car garage, 2 private storage lockers, & separate fully fenced backyard spaces foreach unit, making it an attractive option for tenants. Located in the sought-after Rockway Gardens neighbourhood, this property is minutes fromRockway Golf Course, parks, schools, walking trails, Fairview Park Mall, grocery stores, restaurants, public transit, & the ION LRT. Commuters willappreciate the quick access to Highway 7/8 & Highway 401.

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%
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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,595/mo
Mortgage $2,823
Monthly Loss $2,852
Principal$743
Interest$2,080
Property Tax$397
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.2%2
5-Year IRR
10.7%41
10-Year IRR
11.2%
Returns Index
21.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$37,560/yr
NOI
$24,538/yr
Net Cash Flow
-$778/mo
Cash Margin
-24.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo43
Risk Index
24.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 805 Rockway Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.