55 Duke Street W 216, Kitchener

$369,900
55 Duke Street W 216

$369,900

New
26d
Condo ApartmentApartment

55 Duke Street W 216, Kitchener

Total Monthly Obligation $2,334

Bed+Den
2+1
Baths
1
Park
0
Sqft
600-699
DOM
26d
Score
19
Yield
5.8%
Cash on Cash
-5.7%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.1%
Property Type-Condo Apartment
MLS® Number-X13833168
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Sep 27, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,994 (2025)
Maintenance-$392/mo
Locker-None
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-vacant possession
Title-Residential Condo & Other

No agent assigned

Located in the heart of Downtown Kitchener, this beautifully appointed 1 Bedroom + Den, 1 Bathroom condo offers an exceptional blend of style, comfort, and convenience. Situated in an award-winning building directly between LRT stops, this residence puts the very best of the city right at your doorstep. Step inside to discover a bright, open-concept living space complemented by contemporary finishes and a sleek, modern kitchen featuring stainless steel appliances. The spacious bedroom offers generous closet space, while the versatile den provides the perfect setting for a home office, study, or additional storage.One of the standout features of this home is the expansive private terrace - an incredible extension of your living space, perfect for morning coffee, outdoor dining, entertaining guests, or simply enjoying your own private retreat in the city. Additional conveniences include in-suite laundry and access to premium building amenities. With public transit, shopping, restaurants, cafes, entertainment, and downtown attractions all within easy reach, this is a location that truly delivers a connected and effortless urban lifestyle.Whether you're a first-time buyer, savvy investor, or young professional, Unit 216 offers an outstanding opportunity to own a stylish downtown residence in one of Kitchener's most desirable locations. A rare combination of location, lifestyle, and outdoor space - don't miss the opportunity to make this exceptional condo your own!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$295,920
Land Transfer Taxes$4,024
Legal Fees (Est.)
$
Total cash required for closing$79,504

Total Monthly Obligation

$2,334/mo
Mortgage $1,492
Monthly Loss $1,941
Principal$393
Interest$1,099
Property Tax$250
Condo Fees$392
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.0%1
5-Year IRR
7.2%19
10-Year IRR
8.6%
Returns Index
10.8/ 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
$9,148/yr
Net Cash Flow
-$730/mo
Cash Margin
-41.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo71
Risk Index
31.4/ 100

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

Comparables

Properties near 55 Duke Street W 216

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.