1000 Lackner Place 106, Kitchener

$361,209
1000 Lackner Place 106

$361,209

New
15d
Condo Apartment1 Storey/Apt

1000 Lackner Place 106, Kitchener

Total Monthly Obligation $2,256

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
15d
Score
19
Yield
5.7%
Cash on Cash
-5.5%
Cap Rate
3.4%
5Y IRR
11.2%
10Y IRR
11.2%
Property Type-Condo Apartment
MLS® Number-X13874882
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 8, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-0-5
Taxes-$2,615.16 (2026)
Maintenance-$381.38/mo
Locker-Exclusive
Parking-1 - Surface
Basement-None
Heating-Fan Coil (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Stucco (Plaster)
Possession-30-90 days
Title-Residential Condo & Other

No agent assigned

*** Brand-new condo by Reid's Heritage Homes, qualifies for the HST Rebate which could save you thousands *** This bright and stylish "Stanmore" model is a 640 sq. ft. main-floor suite offering the convenience of easy access, making day-to-day living effortless. Featuring one bedroom, one bathroom, a balcony and many features including; quartz countertops, stainless steel appliances, and durable luxury vinyl plank flooring. Enjoy the added benefits of one parking space, a storage locker, secure building entry, elevator access, bicycle storage, a party room with kitchenette, and a playground. Located steps from trails, transit, shopping, and everyday amenities, with quick highway access and a short drive to universities and colleges. A fantastic opportunity for first-time buyers, downsizers, professionals, or investors seeking modern, low-maintenance living in a convenient location. The purchase price set out above is net of HST. How HST will be addressed will be determined at the time the Purchaser enters the agreement of purchase and sale, based on the status of the existing and proposed HST Rebates announced by the provincial and federal governments. ARN# is TBD.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$288,967
Land Transfer Taxes$3,893
Legal Fees (Est.)
$
Total cash required for closing$77,635

Total Monthly Obligation

$2,256/mo
Mortgage $1,457
Monthly Loss $1,873
Principal$383
Interest$1,074
Property Tax$218
Condo Fees$381
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.9%1
5-Year IRR
7.3%20
10-Year IRR
8.7%
Returns Index
11.1/ 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
$20,712/yr
NOI
$9,049/yr
Net Cash Flow
-$703/mo
Cash Margin
-40.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
4.3 mo73
Risk Index
32.2/ 100

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

Comparables

Properties near 1000 Lackner Place 106

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.