102 Massey Avenue, Kitchener

$979,000
102 Massey Avenue

$979,000

New
22d
DetachedBungalow

102 Massey Avenue, Kitchener

Total Monthly Obligation $4,635

HausQ Valuation Report
Beds
6
Baths
3
Park
2
Sqft
1100-1500
DOM
22d
Score
17
Yield
3.8%
Cash on Cash
-6.4%
Cap Rate
3.2%
5Y IRR
10.5%
10Y IRR
10.6%
Property Type-Detached
MLS® Number-X13853362
Beds-6
Bathrooms-3
Size-1100-1500 sqft
Lot Size-50.8 × 109.12 ft
Listed on site-Oct 1, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,725.89 (2026)
Parking-3 - Carport
Basement-Separate Entrance, Finished
Heating-Forced Air (Gas)
Brokerage-YOUR GTA REAL ESTATE INC.
Cooling-Central Air, Other
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle, Metal
Foundation-Concrete
Sewer-Sewer
Possession-30-60-90-TBD
Title-Residential Freehold

No agent assigned

Rare 3 Unit Property in the Heart of Kitchener!Welcome to this versatile and income-generating property featuring 3 separate units, making it an excellent opportunity for homeowners, investors, or multi-generational families.Unit 1: Main-floor bungalow featuring 3 bedroomsUnit 2: Legal basement apartment with separate entrance and 2 bedroomsUnit 3: Newly built legal 1-bedroom backyard apartment-style unitThe property has been thoughtfully upgraded, including new flooring, updated bathrooms and kitchens, new appliances, basement windows, new airconditioner, new heat pump for backyard unit and a newly constructed backyard unit. All available City permit documentation is attached to the listing.Enjoy the flexibility to live in one unit and rent the other two, occupy two units and rent one, accommodate a large or multi-generational family across all three units, or rent out all three units for potential rental income.A unique opportunity to own a legal 3-unit property in a prime Kitchener location with multiple living and investment possibilities.

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

Closing Costs

Mortgage Amount
$783,200
Land Transfer Taxes$16,055
Legal Fees (Est.)
$
Total cash required for closing$213,355

Total Monthly Obligation

$4,635/mo
Mortgage $3,949
Monthly Loss $3,595
Principal$1,039
Interest$2,910
Property Tax$310
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%1
5-Year IRR
7.5%20
10-Year IRR
8.6%
Returns Index
11.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$37,680/yr
NOI
$25,686/yr
Net Cash Flow
-$1,809/mo
Cash Margin
-57.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
18.8/ 100

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

Comparables

Properties near 102 Massey Avenue

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.