155 SE Thomas Slee Drive S 1 G, Kitchener

$419,900
155 SE Thomas Slee Drive S 1 G

$419,900

New
19d
Condo TownhouseStacked Townhouse

155 SE Thomas Slee Drive S 1 G, Kitchener

Total Monthly Obligation $2,620

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
19d
Score
21
Yield
6.8%
Cash on Cash
-1.1%
Cap Rate
4.4%
5Y IRR
14.7%
10Y IRR
13.9%
Property Type-Condo Townhouse
MLS® Number-X13860262
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 4, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Age-6-10
Taxes-$3,323.82 (2026)
Maintenance-$449.19/mo
Locker-None
Parking-1 - Surface
Basement-None
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-IMM
Title-Residential Condo & Other

No agent assigned

Over 1,000 sq ft on the ground floor, in the heart of Kitchener, with included parking and ensuite laundry. That's a rare mix for a 2-bed condo Town, and this one uses every foot well.Step inside and the space opens up fast. High ceilings and laminate flooring run throughout, and the ground-floor setting means you walk straight in, no elevators, no stairs to haul groceries up. The 2-bed, 2-bath layout is laid out so the bedrooms sit apart from the living space, which matters if you work from home or share the place.The open-concept living, dining, and kitchen area is where the unit spends most of its time. The kitchen anchors it with light cabinetry, stainless steel appliances, a stylish backsplash, and a large island with a breakfast bar that doubles as prep space, a work desk, or the spot everyone gathers around. A walk-in pantry handles the storage that most condos this size skip. Both bathrooms come upgraded, with newer flooring, raised sinks, and modern faucets. The primary ensuite steps it up with upgraded tile work in the shower. The primary bedroom carries a large walk-in closet, and there's generous closet space throughout the rest of the unit, so nothing has to live on the floor. Outside your door, the location does a lot of the work. You're minutes from parks, shopping, transit, trails, and major commuter routes, in a Kitchener pocket that keeps growing. Visitor parking means guests aren't circling the block. It's a smart fit for first-time buyers who want room to grow, downsizers who don't want to give up space, or investors eyeing a unit that rents itself.Listing is virtually staged for bedrooms and the washroom.

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

Closing Costs

Mortgage Amount
$335,920
Land Transfer Taxes$4,873
Legal Fees (Est.)
$
Total cash required for closing$90,353

Total Monthly Obligation

$2,620/mo
Mortgage $1,694
Monthly Loss $2,174
Principal$446
Interest$1,248
Property Tax$277
Condo Fees$449
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.5%2
5-Year IRR
10.8%41
10-Year IRR
11.4%
Returns Index
21.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$28,452/yr
NOI
$14,493/yr
Net Cash Flow
-$486/mo
Cash Margin
-20.5%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
30.5/ 100

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

Comparables

Properties near 155 SE Thomas Slee Drive S 1 G

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.