508 VERONICA Drive, Kitchener

$769,900
508 VERONICA Drive

$769,900

New
15d
Detached2-Storey

508 VERONICA Drive, Kitchener

Total Monthly Obligation $3,843

Beds
3
Baths
4
Park
2
Sqft
1500-2000
DOM
15d
Score
19
Yield
4.9%
Cash on Cash
-2.6%
Cap Rate
4.0%
5Y IRR
13.5%
10Y IRR
12.9%
Property Type-Detached
MLS® Number-X13882824
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-33.28 × 95.6 ft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$4,355 (2025)
Parking-3 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-FLEXIBLE
Title-Residential Freehold

No agent assigned

Welcome to 508 Veronica Drive, a beautifully maintained 2-storey detached home offering over 2000 sq ft tucked away on a quiet, family-friendly street in Stanley Park with no through traffic and a peaceful greenspace setting behind. Offering 3 bedrooms, 2 full bathrooms, plus a convenient powder room on the main floor and another in the finished basement, this home has plenty of space for families to grow. Inside, you'll find a bright, functional layout with hardwood flooring on the main and basement level and laminate on the upper level, making the home easy to maintain and move-in ready. The spacious main floor offers an inviting flow between the living and dining areas, with plenty of natural light and views of the surrounding greenery. The kitchen features ample cabinetry and updated appliances, including a new gas stove (2025) and dishwasher (2021). Upstairs, three generous bedrooms provide comfortable living space, including a primary bedroom with its own private ensuite and 2 closets. A second full bathroom serves the additional bedrooms. The finished basement adds valuable living space with a large recreation room and convenient 2-piece bathroom-perfect for movie nights, a playroom, home office or gym. Step outside to your fully fenced backyard and enjoy the privacy of greenspace directly behind the home, complete with a deck and gazebo. With trails right nearby and easy access to Chicopee Ski & Summer Resort, outdoor adventure is just steps from home. Recent updates include a new furnace and A/C (2025) and new gas stove (2025). Located close to top-rated schools, parks, trails, shopping and amenities, this is a wonderful opportunity to own a home in one of Kitchener's established and sought-after family neighbourhoods. Quiet street. Greenspace. Trails. Great schools. Move-in ready. 508 Veronica Drive has it all.

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

Mortgage Amount
$615,920
Land Transfer Taxes$11,873
Legal Fees (Est.)
$
Total cash required for closing$167,353

Total Monthly Obligation

$3,843/mo
Mortgage $3,106
Monthly Loss $3,026
Principal$817
Interest$2,288
Property Tax$363
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.2%1
5-Year IRR
9.9%35
10-Year IRR
10.5%
Returns Index
18.5/ 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
$37,920/yr
NOI
$25,273/yr
Net Cash Flow
-$999/mo
Cash Margin
-31.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
22.5/ 100

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

Comparables

Properties near 508 VERONICA Drive

Time

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Data last updated within the past 24 hours.