1100 Lackner Place 517, Kitchener

$405,071
1100 Lackner Place 517

$405,071

New
15d
Condo Apartment1 Storey/Apt

1100 Lackner Place 517, Kitchener

Total Monthly Obligation $2,553

HausQ Valuation Report
Bed+Den
2+1
Baths
1
Park
1
Sqft
700-799
DOM
15d
Score
17
Yield
5.7%
Cash on Cash
-6.0%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.9%
Property Type-Condo Apartment
MLS® Number-X13874910
Bed+Den-2+1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 8, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-0-5
Taxes-$3,079.14 (2026)
Maintenance-$462.57/mo
Locker-Exclusive
Parking-1 - Underground
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)
Roof-Metal
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 "Watson" model is a 751 sq. ft suite offering southern exposure and a private balcony to enjoy beautiful sunrise views. Featuring one bedroom plus den, one bathroom, a spacious balcony and many 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...)
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%
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Closing Costs

Mortgage Amount
$333,131($9,074 CMHC)
Land Transfer Taxes$4,576
Legal Fees (Est.)
$
Total cash required for closing$87,090

Total Monthly Obligation

$2,599/mo
Mortgage $1,680
Monthly Loss $2,157
Principal$442
Interest$1,238
Property Tax$257
Condo Fees$463
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.8%0
5-Year IRR
5.4%12
10-Year IRR
7.9%
Returns Index
7.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$23,256/yr
NOI
$9,900/yr
Net Cash Flow
-$855/mo
Cash Margin
-44.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
82.2%14
Vacancy Buffer
3.7 mo64
Risk Index
27.4/ 100

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

Comparables

Properties near 1100 Lackner Place 517

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.