81 Church Street 1407, Kitchener

$318,600
81 Church Street 1407

$318,600

New
16d
Condo Apartment1 Storey/Apt

81 Church Street 1407, Kitchener

Total Monthly Obligation $2,648

Beds
2
Baths
1
Park
1
Sqft
900-999
DOM
16d
Score
17
Yield
7.7%
Cash on Cash
-7.8%
Cap Rate
2.9%
5Y IRR
9.4%
10Y IRR
9.8%
Property Type-Condo Apartment
MLS® Number-X13885370
Beds-2
Bathrooms-1
Size-900-999 sqft
Listed on site-Oct 7, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-31-50
Taxes-$2,235.54 (2026)
Maintenance-$976.7/mo
Locker-Common
Parking-1 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-RE/MAX Solid Gold Realty (II) Ltd
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Roof-Tar and Gravel
Possession-FLEXIBLE
Title-Residential Condo & Other

No agent assigned

Enjoy carefree living in this lovely 2 bedroom unit that has many recent updates and gorgeous views 4 seasons of the year. You'll notice the peaceful feeling as soon as you enter thanks to the recently painted walls and the carpet free space. The beautiful kitchen has a new backsplash and quartz countertops along with updated appliances (2026-Fridge and Stove, 2024 Bosch Dishwasher) and new kitchen flooring (2024). With a functional layout that includes in-suite laundry and a storage room, along with numerous building amenities, we hope you'll feel cozy and pampered living here. For those who enjoy walking, this is a very walkable location. Nearby you'll find the Kitchener Market, Victoria Park, The Museum, The Main Branch of the Kitchener Public Library along with plenty of restaurants and shops. The condo fees include all utilities and underground parking. Amenities include an indoor pool and sauna, a party/meeting/billiards room, a gym, bicycle storage and an outdoor BBQ area. New HVAC heat pump/air installed March 2026. Book your showing today and see if Suite 1407 at Wellington Place might be the next place that you call home!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$254,880
Land Transfer Taxes$3,254
Legal Fees (Est.)
$
Total cash required for closing$68,474

Total Monthly Obligation

$2,648/mo
Mortgage $1,285
Monthly Loss $2,310
Principal$338
Interest$947
Property Tax$186
Condo Fees$977
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.2%0
5-Year IRR
5.2%11
10-Year IRR
7.4%
Returns Index
6.9/ 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
$24,528/yr
NOI
$5,719/yr
Net Cash Flow
-$809/mo
Cash Margin
-39.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.373
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
27.9/ 100

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

Comparables

Properties near 81 Church Street 1407

Time

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