108 Garment Street 2402, Kitchener

$389,900
108 Garment Street 2402

$389,900

Price Change
20d
Condo ApartmentApartment

108 Garment Street 2402, Kitchener

Total Monthly Obligation $2,980

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
20d
Score
18
Yield
7.4%
Cash on Cash
-6.0%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.9%
Property Type-Condo Apartment
MLS® Number-X13858428
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 3, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$4,133.63 (2026)
Maintenance-$863.19/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TERREQUITY REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-TBD
Title-Residential Condo & Other

No agent assigned

Welcome to 2402-108 Garment Street, where contemporary condominium living meets an extraordinary sense of openness and tranquility. Set high above the city, this beautifully appointed two-bedroom, two-bathroom residence offers an exceptional backdrop of panoramic views, abundant natural light, and modern comfort.The moment you enter, expansive floor-to-ceiling windows capture your attention, framing the city beyond while filling the home with sunshine throughout the day. The open-concept layout creates an inviting flow between the living, dining, and kitchen areas, and a carefully considered contemporary design.The primary suite is designed as a peaceful escape from the pace of the city, offering generous proportions and a private ensuite with a glass-enclosed shower and modern finishes.The second bedroom provides excellent versatility and can easily accommodate family, overnight guests, a home office, or a creative space. A second full bathroom adds further convenience.Beyond the interior, the private balcony provides an exceptional outdoor extension of the home. Here, the city unfolds in every direction, offering a beautiful setting for your morning coffee, an evening drink, or simply a quiet moment while taking in the ever-changing skyline.And the location is every bit as compelling. Set within the sought-after Garment District, you are surrounded by the best of urban living, with Victoria Park, LRT access, restaurants,cafés, and the Innovation District all close at hand.This is more than a condominium-it is a lifestyle defined by light, elevation, design, and connection to the city, offering the rare pleasure of being at the center of it all while feeling completely removed from the pace below

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

Closing Costs

Mortgage Amount
$311,920
Land Transfer Taxes$4,324
Legal Fees (Est.)
$
Total cash required for closing$83,804

Total Monthly Obligation

$2,980/mo
Mortgage $1,573
Monthly Loss $2,567
Principal$414
Interest$1,159
Property Tax$344
Condo Fees$863
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.7%0
5-Year IRR
6.9%18
10-Year IRR
8.6%
Returns Index
10.1/ 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
$28,800/yr
NOI
$9,028/yr
Net Cash Flow
-$820/mo
Cash Margin
-34.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
25.7/ 100

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

Comparables

Properties near 108 Garment Street 2402

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.