56 Suffolk Avenue, Kitchener

$699,900
56 Suffolk Avenue

$699,900

New
25d
DetachedBungalow

56 Suffolk Avenue, Kitchener

Total Monthly Obligation $3,579

Beds
3
Baths
2
Park
4
Sqft
700-1100
DOM
25d
Score
18
Yield
4.5%
Cash on Cash
-5.2%
Cap Rate
3.5%
5Y IRR
11.4%
10Y IRR
11.3%
Property Type-Detached
MLS® Number-X13833728
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-61.6 × 135.34 ft
Listed on site-Sep 28, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,569.49 (2026)
Parking-5 - Detached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Beautifully updated, incredibly versatile and surrounded by gardens that would take a lifetime to recreate, 56 Suffolk Avenue offers something truly special in Kitchener's established Rosemount neighbourhood. Set on an impressive 61 x 135 ft lot, this move-in-ready bungalow is equally suited to everyday family living, multigenerational needs or those who love to entertain. From the moment you arrive, the curb appeal stands out. Mature flower beds, a redesigned front porch, updated concrete walkway and spacious interlock driveway create a welcoming first impression and set the tone for the care that has gone into this home over the years. Inside, the carpet-free main floor features bright living spaces, an updated kitchen and three well-sized bedrooms. Downstairs, the layout offers exceptional flexibility with a large second kitchen, generous dining area and spacious recreation room. It is an ideal setup for extended family or in-law living, while also creating an incredible space for hosting holidays, family dinners and larger gatherings with ease. Outside is where this property truly becomes unforgettable. The backyard is filled with mature greenery, established grapevines and beautifully cultivated flower beds, creating a private oasis that feels lush, peaceful and full of character. Whether you love gardening, entertaining outdoors or simply enjoying a quiet backyard retreat, this is a space that has been lovingly established and is ready to be enjoyed. A detached garage adds additional room for storage, hobbies and projects, while the oversized lot provides the kind of space that is increasingly difficult to find. Significant updates include the redesigned front porch (2011), furnace and A/C (2015), kitchen (2016), Bavarian windows (2016), roof (2018), concrete walkway (2024). Thoughtfully modernized, beautifully maintained and designed with both connection and flexibility in mind, 56 Suffolk Avenue is ready for its next chapter.

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

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,579/mo
Mortgage $2,823
Monthly Loss $2,836
Principal$743
Interest$2,080
Property Tax$381
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
7.9%22
10-Year IRR
8.9%
Returns Index
12.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$31,200/yr
NOI
$19,011/yr
Net Cash Flow
-$1,239/mo
Cash Margin
-47.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.7/ 100

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

Comparables

Properties near 56 Suffolk Avenue

Time

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