308 Deer Ridge Drive, Kitchener

$1,399,900
308 Deer Ridge Drive

$1,399,900

Price Change
28d
DetachedBungalow

308 Deer Ridge Drive, Kitchener

Total Monthly Obligation $6,789

Beds
4
Baths
3
Park
2
Sqft
1500-2000
DOM
28d
Score
14
Yield
2.5%
Cash on Cash
-13.7%
Cap Rate
1.6%
5Y IRR
4.9%
10Y IRR
6.4%
Property Type-Detached
MLS® Number-X13828588
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-67.23 × 118.11 ft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Detached
Taxes-$9,209.28 (2026)
Parking-4 - Attached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-Inground, Salt
Facing-North
Exterior-Stone
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Rare opportunity to own a home in Deer Ridge, one of Kitchener's most established upscale communities. This 4-bedroom, 3-bathroom bungalow with a 2-car garage is set on a beautifully landscaped lot with no immediate side or rear neighbours, offering excellent privacy, large windows, & plenty of natural light. The main floor features 9 ft ceilings & hardwood flooring. A large entry opens to the living room with a 15 ft vaulted ceiling, floor-to-ceiling windows, & gas fireplace. The eat-in kitchen includes a large island, stainless steel appliances, plenty of cupboard space, & a door to the backyard patio. A formal dining room provides additional space for entertaining. The spacious primary bedroom has a walk-in closet & updated 4-piece ensuite with a soaker tub. The 2nd main-floor bedroom can also be used as an office & has cheater access to the main 4-piece bathroom. A laundry/mudroom with a utility sink & garage access completes this level. The finished basement has high ceilings, a large rec-room with a gas fireplace, 2 additional bedrooms, & a 3-piece bathroom. With this layout, the lower level offers excellent in-law suite potential or a private space for extended family or guests. There is also a large utility room with plenty of storage & a spacious cold room. Outside, the fully fenced backyard features a fiberglass saltwater pool, large patio, BBQ gas line, landscaped grounds, & excellent privacy with no immediate side or rear neighbours. This Deer Ridge Kitchener home is close to Deer Ridge Golf Club, Pioneer Tower Natural Area, the Walter Bean Trail, parks, shopping, restaurants, & Costco at Gateway Park Drive. Quick access to Highway 8 & Highway 401 makes commuting throughout Kitchener-Waterloo, Cambridge, Guelph, & the GTA convenient.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,119,920
Land Transfer Taxes$24,473
Legal Fees (Est.)
$
Total cash required for closing$305,953

Total Monthly Obligation

$6,789/mo
Mortgage $5,647
Monthly Loss $5,303
Principal$1,486
Interest$4,161
Property Tax$767
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.3%9
Cash-on-Cash
-16.7%0
5-Year IRR
2.6%6
10-Year IRR
4.9%
Returns Index
4.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$34,776/yr
NOI
$17,589/yr
Net Cash Flow
-$4,181/mo
Cash Margin
-144.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.262
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
14.1/ 100

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

Comparables

Properties near 308 Deer Ridge Drive

Time

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Data last updated within the past 24 hours.