81 Church Street 1803, Kitchener

$219,900
81 Church Street 1803

$219,900

New
15d
Condo Apartment1 Storey/Apt

81 Church Street 1803, Kitchener

Total Monthly Obligation $2,253

Beds
2
Baths
1
Park
1
Sqft
900-999
DOM
15d
Score
28
Yield
13.3%
Cash on Cash
7.8%
Cap Rate
6.3%
5Y IRR
21.9%
10Y IRR
19.8%
Property Type-Condo Apartment
MLS® Number-X13876496
Beds-2
Bathrooms-1
Size-900-999 sqft
Listed on site-Oct 8, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,266 (2025)
Maintenance-$976.7/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-Gordons Real Estate Brokerage
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-Immediate
Title-Residential Condo & Other

No agent assigned

Welcome to Wellington Place, where this spacious approximately 950 sq. ft. two-bedroom suite offers something increasingly difficult to find: room to live, an impressive downtown location and spectacular 18th-floor views. The generous layout provides two well-proportioned bedrooms, a full bathroom and a bright living and dining area opening onto a private balcony overlooking Kitchener. The size of this suite gives you the flexibility to create comfortable living, dining, work-from-home and entertaining spaces without the compromises often associated with condominium living. The kitchen provides plenty of workspace and storage, while the large living areas and expansive windows bring in an abundance of natural light. From the 18th floor, the views extend across the city and provide a wonderful backdrop both day and night. Wellington Place offers an impressive selection of amenities, including an indoor pool, fitness facilities, sauna, party room and beautifully maintained common areas. Underground parking is included, and the monthly condominium fee includes heat, hydro and water, offering a level of convenience and predictability that is increasingly difficult to find. And the location is hard to beat. Step outside and you're minutes from downtown Kitchener's restaurants, cafés, shopping, transit, Victoria Park, universities and the city's growing entertainment and cultural scene. If you've been looking for a substantial two-bedroom condo in the heart of Kitchener, with exceptional views and the space to actually live comfortably, this is one you won't want to overlook. Offers will be presented October 22nd at 1:00pm.

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

Closing Costs

Mortgage Amount
$175,920
Land Transfer Taxes$1,924
Legal Fees (Est.)
$
Total cash required for closing$47,404

Total Monthly Obligation

$2,253/mo
Mortgage $887
Monthly Loss $2,019
Principal$233
Interest$654
Property Tax$189
Condo Fees$977
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.5%5
5-Year IRR
15.5%74
10-Year IRR
15.7%
Returns Index
38.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
28/ 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
$29,256/yr
NOI
$9,944/yr
Net Cash Flow
-$58/mo
Cash Margin
-2.4%3
Cash Flow Index
3.0/ 100
Risk Profile
Weight: 20%
DSCR
0.9322
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo72
Risk Index
37.6/ 100

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

Comparables

Properties near 81 Church Street 1803

Time

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Data last updated within the past 24 hours.