115 South Creek Drive 2C, Kitchener

$529,900
115 South Creek Drive 2C

$529,900

New
29d
Condo Townhouse2-Storey

115 South Creek Drive 2C, Kitchener

Total Monthly Obligation $2,911

Beds
2
Baths
3
Park
1
Sqft
1400-1599
DOM
29d
Score
20
Yield
5.6%
Cash on Cash
-2.4%
Cap Rate
4.1%
5Y IRR
13.6%
10Y IRR
13.1%
Property Type-Condo Townhouse
MLS® Number-X13824832
Beds-2
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$3,782.13 (2026)
Maintenance-$258/mo
Locker-None
Parking-2 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Brick
Roof-Shingles
Foundation-Poured Concrete
Possession-immediate
Title-Residential Condo & Other

No agent assigned

Tucked into the desirable Doon area, this two-bedroom, 2.5-bath townhome gives you the space of a home without a long list of weekend projects waiting for you. The main living level is bright, open and made for everyday life. The kitchen sits at the heart of the space with granite countertops, stainless steel appliances, plenty of cabinetry and a large island that gives you room to prep dinner, pull up a stool or gather around when friends come over. The open layout keeps the kitchen, dining and living areas connected, while a walkout from the dining area leads to your private balcony, a great little spot for morning coffee, dinner outside or a drink at the end of the day. Upstairs, both bedrooms are a comfortable size, and each has easy access to its own bathroom. The primary bedroom includes a walk-in closet and private 3-piece ensuite with a walk-in shower, while the second bedroom is just steps from the main 4-piece bath. Both bathrooms are finished with quartz countertops, and having laundry conveniently located on the bedroom level means no hauling baskets up and down the stairs. A single-car garage plus driveway parking gives you space for two vehicles, with visitor parking available within the complex. And then there's the location. You're minutes from Highway 401, making commuting in and out of the city simple, while Conestoga College, schools, shopping, trails, parks and everyday amenities are all close by. It's a great fit for someone looking for a home that feels modern, manageable and connected to everything you need, with enough space to settle in and make it your own.

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

Closing Costs

Mortgage Amount
$423,920
Land Transfer Taxes$7,073
Legal Fees (Est.)
$
Total cash required for closing$114,553

Total Monthly Obligation

$2,911/mo
Mortgage $2,137
Monthly Loss $2,348
Principal$562
Interest$1,575
Property Tax$315
Condo Fees$258
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.1%1
5-Year IRR
10.1%36
10-Year IRR
10.8%
Returns Index
19.3/ 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
$29,880/yr
NOI
$17,614/yr
Net Cash Flow
-$670/mo
Cash Margin
-26.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
27.9/ 100

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

Comparables

Properties near 115 South Creek Drive 2C

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.