10 Palace Street D16, Kitchener

$395,000
10 Palace Street D16

$395,000

New
21d
Condo TownhouseStacked Townhouse

10 Palace Street D16, Kitchener

Total Monthly Obligation $2,388

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
0-499
DOM
21d
Score
16
Yield
1.5%
Cash on Cash
-23.5%
Cap Rate
-0.5%
5Y IRR
-2.4%
10Y IRR
1.1%
Property Type-Condo Townhouse
MLS® Number-X13855834
Beds-2
Bathrooms-2
Size-0-499 sqft
Listed on site-Oct 2, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Taxes-$2,994.78 (2026)
Maintenance-$345.37/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-SHAW REALTY GROUP INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Flat, Tar and Gravel
Possession-Immediate
Title-Residential Condo & Other

No agent assigned

Welcome to 10 Palace. Beautiful modern condo complex conveniently located adjacent to Ottawa St and all it's amenities. Sandwiched between two large parks. Nearby schools, shopping, restaurants and trails. Great location for any lifestyle. Very close to Hwy 8 access. This unit boasts easy access to your private entry and a patio for early morning coffee. A well lit entryway opens up to your open concept main living space and generous kitchen with lots of prep space and very modern finishes and stainless appliances. Modern lighting and 2 large bathrooms round out this two bedroom unit. In suite laundry is easily accessible and the oversize windows and patio give even more natural light.

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

Closing Costs

Mortgage Amount
$316,000
Land Transfer Taxes$4,400
Legal Fees (Est.)
$
Total cash required for closing$84,900

Total Monthly Obligation

$2,388/mo
Mortgage $1,593
Monthly Loss $1,969
Principal$419
Interest$1,174
Property Tax$250
Condo Fees$345
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
-1.0%3
Cash-on-Cash
-27.3%0
5-Year IRR
-5.1%1
10-Year IRR
-0.4%
Returns Index
0.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$6,096/yr
NOI
-$4,053/yr
Net Cash Flow
-$1,931/mo
Cash Margin
-380.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
-0.210
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo71
Risk Index
30.0/ 100

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

Comparables

Properties near 10 Palace Street D16

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

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Data last updated within the past 24 hours.