59 Cherry Street, Kitchener

$699,999
59 Cherry Street

$699,999

New
15d
Duplex2 1/2 Storey

59 Cherry Street, Kitchener

Total Monthly Obligation $3,597

HausQ Valuation Report
Beds
4
Baths
3
Park
5
Sqft
1500-2000
DOM
15d
Score
16
Yield
3.8%
Cash on Cash
-8.1%
Cap Rate
2.8%
5Y IRR
9.2%
10Y IRR
9.6%
Property Type-Duplex
MLS® Number-X13875316
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-40 × 166 ft
Listed on site-Oct 8, 2026
Style-2 1/2 Storey
Building Type-Duplex
Taxes-$4,780 (2026)
Parking-6 - Detached
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP-ASSOCIATES REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Aluminum Siding
Roof-Shingles
Foundation-Block
Sewer-Sewer
Possession-TBD
Title-Residential Freehold

No agent assigned

Attention investors, multi-generational families, and savvy house-hackers! Welcome to 59 Cherry Street perfectly situated in Kitchener's historic and highly desirable Cherry Hill/Mill-Courtland neighbourhood. Perfectly suited for multi-generational families, house-hackers, or long-term investors, this property seamlessly blends vintage warmth with rare development upside; long-term rental income, or a unique short-term boutique destination. Boasting an incredible 9.2/10 "Biker's Dream" rating and an ultra-walkable score, the home offers a lifestyle of pure convenience. Inside, the versatile layout is set up as a live-in mortgage helper or a high-yield investment, with the added bonus of a spacious, unfinished attic awaiting your creative touch-perfect for a future primary retreat, studio, or loft. Outside, the deep backyard offers the unique and lucrative potential to build an additional garden suite, providing a clear path for future expansion or an entirely separate income stream This property delivers the perfect balance of 1920s nostalgia and modern financial opportunity.

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

Closing Costs

Mortgage Amount
$559,999
Land Transfer Taxes$10,475
Legal Fees (Est.)
$
Total cash required for closing$151,975

Total Monthly Obligation

$3,597/mo
Mortgage $2,824
Monthly Loss $2,854
Principal$743
Interest$2,081
Property Tax$398
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.6%0
5-Year IRR
5.8%13
10-Year IRR
7.4%
Returns Index
8.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$26,940/yr
NOI
$14,966/yr
Net Cash Flow
-$1,576/mo
Cash Margin
-70.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.0/ 100

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

Comparables

Properties near 59 Cherry Street

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.