218 Forestwood Drive, Kitchener

$750,000
218 Forestwood Drive

$750,000

New
29d
DetachedBungalow-Raised

218 Forestwood Drive, Kitchener

Total Monthly Obligation $3,744

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
29d
Score
18
Yield
4.7%
Cash on Cash
-3.7%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.3%
Property Type-Detached
MLS® Number-X13823618
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-45 × 121.32 ft
Listed on site-Sep 24, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-51-99
Taxes-$4,124 (2026)
Parking-3 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-The Realty Firm Inc.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Family Room, Rec Room
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-FLEXIBLE
Title-Residential Freehold

No agent assigned

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

Closing Costs

Mortgage Amount
$600,000
Land Transfer Taxes$11,475
Legal Fees (Est.)
$
Total cash required for closing$162,975

Total Monthly Obligation

$3,744/mo
Mortgage $3,025
Monthly Loss $2,948
Principal$796
Interest$2,229
Property Tax$344
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.1%29
10-Year IRR
9.9%
Returns Index
15.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$35,100/yr
NOI
$22,966/yr
Net Cash Flow
-$1,111/mo
Cash Margin
-38.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo41
Risk Index
22.5/ 100

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

Comparables

Properties near 218 Forestwood Drive

Time

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