128 Briar Knoll Drive, Kitchener

$685,000
128 Briar Knoll Drive

$685,000

Price Change
16d
DetachedBungalow-Raised

128 Briar Knoll Drive, Kitchener

Total Monthly Obligation $3,476

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
16d
Score
19
Yield
5.0%
Cash on Cash
-2.5%
Cap Rate
4.0%
5Y IRR
13.6%
10Y IRR
13.0%
Property Type-Detached
MLS® Number-X13871534
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-45.5 × 110 ft
Listed on site-Oct 7, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-51-99
Taxes-$4,049.27 (2026)
Parking-3 - Attached
Basement-Finished, Full, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS INNOVATION REALTY
Cooling-Central Air
Laundry-No
Fireplace-Rec Room
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Room to grow, a backyard you'll never want to leave, and McLennan Park just a short stroll away. This raised bungalow in family-friendly Laurentian Hills is freshly painted and move-in ready, with the big-ticket items already taken care of: new furnace and central air (2026), new eavestroughs (2025) and newer front windows (2023). The main floor offers three bedrooms on one level, a 4-piece bath, a living room with a big bay window, a separate dining room for family dinners and an eat-in kitchen with plenty of counter space. Downstairs, the fully finished lower level is the cozy hub of the house, with a rec room, stone fireplace and wet bar, a second full bathroom, laundry, storage and a mudroom with inside entry from the attached garage. Thinking long term? Zoning permits an additional dwelling unit, and with a separate side entrance, a full bathroom and a wet bar already in place, the lower level is a natural fit for an in-law suite or a rental unit to help with the mortgage. Out back, the fenced yard is a private retreat shaded by mature trees, with a stone patio, tiered gardens, a pond with waterfall, a garden shed and plenty of lawn for the kids to run. Walk to elementary schools and McLennan Park's splash pad, playgrounds, trails and toboggan hill, with shopping, transit and quick Conestoga Parkway access all close by. A wonderful place to put down roots.

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

Closing Costs

Mortgage Amount
$548,000
Land Transfer Taxes$10,175
Legal Fees (Est.)
$
Total cash required for closing$148,675

Total Monthly Obligation

$3,476/mo
Mortgage $2,763
Monthly Loss $2,748
Principal$727
Interest$2,036
Property Tax$337
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
9.8%34
10-Year IRR
10.5%
Returns Index
18.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$34,320/yr
NOI
$22,339/yr
Net Cash Flow
-$902/mo
Cash Margin
-31.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
24.2/ 100

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

Comparables

Properties near 128 Briar Knoll Drive

Time

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