115 Victoria Street N, Kitchener

$1,425,000
115 Victoria Street N

$1,425,000

New
28d
Triplex2-Storey

115 Victoria Street N, Kitchener

Total Monthly Obligation $6,449

Beds
3
Baths
3
Park
2
Sqft
1100-1500
DOM
28d
Score
14
Yield
2.5%
Cash on Cash
-11.9%
Cap Rate
2.0%
5Y IRR
6.3%
10Y IRR
7.4%
Property Type-Triplex
MLS® Number-X13829556
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-62.5 × 79.96 ft
Listed on site-Sep 25, 2026
Style-2-Storey
Building Type-Triplex
Taxes-$3,907 (2026)
Parking-2 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Prime development site in downtown Kitchener's Central Station, directly on Victoria Street North between King Street West and Weber Street West - the corridor anchoring the Kitchener Central Transit Hub. The site sits within the Urban Growth Centre and Mixed Use Corridor designation, with as-of-right zoning supporting high-density mixed-use development. The MTSA framework targets 160 people and jobs per hectare, and the area is already seeing proposals ranging from 25 to 42 storeys. The Kitchener Central Transit Hub - connecting ION light rail, GO Transit, VIA Rail, and Grand River Transit - is under construction with substantial completion targeted for 2030. Victoria Street is being reconfigured with transit priority lanes, separated cycling, and wider sidewalks, with construction beginning in 2027.This is a rare opportunity to assemble or hold land in a transit-oriented corridor before the hub opens and the surrounding density vision is realized. *Some images have been ai enhanced to show boundaries, opportunity and ideas.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$1,140,000
Land Transfer Taxes$24,975
Legal Fees (Est.)
$
Total cash required for closing$311,475

Total Monthly Obligation

$6,449/mo
Mortgage $5,748
Monthly Loss $4,936
Principal$1,513
Interest$4,235
Property Tax$326
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-14.9%0
5-Year IRR
3.9%8
10-Year IRR
5.9%
Returns Index
5.4/ 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
$35,400/yr
NOI
$23,453/yr
Net Cash Flow
-$3,794/mo
Cash Margin
-128.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.343
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo23
Risk Index
14.7/ 100

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

Comparables

Properties near 115 Victoria Street N

Time

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