283 Fairway Rd Road N 501, Kitchener

$279,000
283 Fairway Rd Road N 501

$279,000

New
29d
Condo Apartment1 Storey/Apt

283 Fairway Rd Road N 501, Kitchener

Total Monthly Obligation $2,356

HausQ Valuation Report
Beds
2
Baths
1
Park
1
Sqft
800-899
DOM
29d
Score
20
Yield
9.1%
Cash on Cash
-2.1%
Cap Rate
4.1%
5Y IRR
13.9%
10Y IRR
13.3%
Property Type-Condo Apartment
MLS® Number-X13829910
Beds-2
Bathrooms-1
Size-800-899 sqft
Listed on site-Sep 24, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-51-99
Taxes-$1,884 (2026)
Maintenance-$873.59/mo
Locker-Ensuite+Common
Parking-1 - Attached
Basement-None
Heating-Baseboard (Electric)
Brokerage-HomeLife Power Realty Inc
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Vinyl Siding
Possession-Flexible
Title-Residential Condo & Other

No agent assigned

ATTENTION FIRST TIME HOME BUYERS OR INVESTORS! Welcome to this bright and spacious, 2-bedroom condo in Kitchener. Find yourself conveniently located near schools, parks, shopping, and public transit, this condo is perfect for first-time buyers, downsizes, or investors. Featuring a good sized living space to wind down after a long day in, as well as a modern kitchen with ample cabinet space. This unit is filled with natural light from large windows throughout. The generous-sized bedrooms offer great closet space, while the 4-piece bathroom provides comfort and functionality. Condo fees include Hydro, Water and Building insurance, this ensures worry-free living with all your essential utilities covered. Laundry is available in the building. Prime location as its just minutes to Highway 8, Fairway Mall, Chicopee Park, Grocery stores and schools. RARE TO FIND SINGLE CAR GARAGE WHICH COMES WITH UNIT. Don't miss this fantastic opportunity.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$223,200
Land Transfer Taxes$2,660
Legal Fees (Est.)
$
Total cash required for closing$59,960

Total Monthly Obligation

$2,356/mo
Mortgage $1,125
Monthly Loss $2,060
Principal$296
Interest$829
Property Tax$157
Condo Fees$874
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
9.0%29
10-Year IRR
10.3%
Returns Index
15.4/ 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
$25,272/yr
NOI
$7,978/yr
Net Cash Flow
-$461/mo
Cash Margin
-21.9%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo70
Risk Index
31.7/ 100

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

Comparables

Properties near 283 Fairway Rd Road N 501

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.