1000 Lackner Place 313, Kitchener

$463,628
1000 Lackner Place 313

$463,628

New
15d
Condo Apartment1 Storey/Apt

1000 Lackner Place 313, Kitchener

Total Monthly Obligation $2,933

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
15d
Score
19
Yield
6.2%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Condo Apartment
MLS® Number-X13874886
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 8, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-0-5
Taxes-$3,683.72 (2026)
Maintenance-$555.96/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Fan Coil (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-Yes
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 2 bedroom, 2 bathroom corner unit is stylish and lets in lots of natural light. The "Valebrook" model is a 920 sq. ft spacious & bright corner suite. Featuring a balcony, lots of windows offering expansive south/east views, along with other features including; quartz countertops, stainless steel appliances, and durable luxury vinyl plank flooring. Enjoy the added benefits of one underground 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...)
$
%
%

Closing Costs

Mortgage Amount
$370,902
Land Transfer Taxes$5,748
Legal Fees (Est.)
$
Total cash required for closing$99,974

Total Monthly Obligation

$2,933/mo
Mortgage $1,870
Monthly Loss $2,441
Principal$492
Interest$1,378
Property Tax$307
Condo Fees$556
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.4%25
10-Year IRR
9.5%
Returns Index
13.7/ 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
$28,560/yr
NOI
$12,949/yr
Net Cash Flow
-$791/mo
Cash Margin
-33.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
26.7/ 100

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

Comparables

Properties near 1000 Lackner Place 313

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.