1 Victoria Street S 509, Kitchener

$309,000
1 Victoria Street S 509

$309,000

New
29d
Condo ApartmentApartment

1 Victoria Street S 509, Kitchener

Total Monthly Obligation $2,268

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
29d
Score
19
Yield
6.9%
Cash on Cash
-5.8%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Condo Apartment
MLS® Number-X13824382
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Sep 24, 2026
Style-Apartment
Building Type-Condo Apartment
Age-6-10
Taxes-$3,120 (2025)
Maintenance-$562.04/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-RE/MAX REALTY SERVICES INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Brick, Concrete
Possession-90+ days
Title-Residential Condo & Other

No agent assigned

Experience modern urban living in this stunning, open-concept condo located in the highly desirable Victoria Condominiums. Perfect for professionals and students alike, this bright and airy unit is steps from the LRT, Google, Victoria Park, the new transit hub, and downtown Kitchener's vibrant restaurant scene. The unit features floor-to-ceiling windows, a spacious bedroom, a luxurious 4-piece bathroom, and convenient in-suite laundry. The contemporary kitchen boasts top-of-the-line stainless steel appliances and a functional breakfast bar. Premium building amenities include controlled entry security, a beautifully landscaped outdoor terrace, an entertainment room, a fully-equipped gym, and a state-of-the-art theatre room. Situated directly across from the University of Waterloo School of Pharmacy and the McMaster School of Medicine. A rare find for this building, this unit includes its own dedicated parking space.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$247,200
Land Transfer Taxes$3,110
Legal Fees (Est.)
$
Total cash required for closing$66,410

Total Monthly Obligation

$2,268/mo
Mortgage $1,246
Monthly Loss $1,940
Principal$328
Interest$918
Property Tax$260
Condo Fees$562
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%13
Cash-on-Cash
-12.0%0
5-Year IRR
6.7%17
10-Year IRR
8.4%
Returns Index
9.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$21,384/yr
NOI
$6,981/yr
Net Cash Flow
-$665/mo
Cash Margin
-37.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo73
Risk Index
31.8/ 100

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

Comparables

Properties near 1 Victoria Street S 509

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.