344 Driftwood Drive, Kitchener

$749,905
344 Driftwood Drive

$749,905

New
29d
Detached2-Storey

344 Driftwood Drive, Kitchener

Total Monthly Obligation $3,767

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
29d
Score
17
Yield
4.3%
Cash on Cash
-5.4%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.2%
Property Type-Detached
MLS® Number-X13822134
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-47.24 × 120 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$4,409 (2025)
Parking-5 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-Affinity Real Estate
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

RARE OVERSIZED 50 feet long HEATED GARAGE + EXCEPTIONAL LIVING SPACE! Charming curb appeal, thoughtful updates, and incredible versatility come together in this beautifully presented 3-bedroom 2-bathroom home. Large windows fill the home with natural light, complemented by updated flooring and lighting throughout. The bathrooms have also been refreshed with new vanities, mirrors, and fixtures.The inviting main floor features a bright eat-in kitchen with sliders overlooking the beautifully hardscaped backyard for low maintenance living, a separate dining room, convenient main-floor laundry, and a warm, welcoming living space. Upstairs, you'll find three comfortable bedrooms, and a 3pc bath, offering a practical layout for families. The finished lower level adds even more versatility with a spacious recreation room featuring a charming fireplace, plus a separate utility area. Something truly unique is the heated oversized garage, extending approximately 50 feet deep with two floor drains and complete with its own gas furnace. The garage's second storey offers a huge attic-style space, perfect for storage or, with the appropriate finishing, the potential to create additional living space. This incredible garage provides room for vehicles, hobby mechanic, a workshop, storage, and possibilities rarely found at this price point. Outside, enjoy a private, mature and beautifully hardscaped backyard featuring established gardens. Ideally situated close to schools, parks, playgrounds, shopping plazas, public transit, walking trails, and major expressways, with everyday amenities and conveniences just moments away. Main and second floor Painted - 2026, Main and upper flooring - 2025, Upstairs Washroom renovated - 2025, Roof - 2023, A/C - 2020. With its charming street presence, generous living space, extensive updates, and extraordinary garage, this is a rare opportunity you won't want to miss!

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

Closing Costs

Mortgage Amount
$599,924
Land Transfer Taxes$11,473
Legal Fees (Est.)
$
Total cash required for closing$162,954

Total Monthly Obligation

$3,767/mo
Mortgage $3,025
Monthly Loss $2,971
Principal$796
Interest$2,229
Property Tax$367
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
7.8%22
10-Year IRR
8.9%
Returns Index
12.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$32,496/yr
NOI
$20,337/yr
Net Cash Flow
-$1,330/mo
Cash Margin
-49.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo41
Risk Index
21.8/ 100

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

Comparables

Properties near 344 Driftwood 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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.