159 Palmer Avenue, Kitchener

$750,000
159 Palmer Avenue

$750,000

New
8d
Detached2-Storey

159 Palmer Avenue, Kitchener

Total Monthly Obligation $3,837

Beds
3
Baths
4
Park
2
Sqft
1500-2000
DOM
8d
Score
18
Yield
4.8%
Cash on Cash
-3.8%
Cap Rate
3.8%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Detached
MLS® Number-X14081298
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-40 × 90 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$5,243 (2026)
Parking-2 - Attached
Basement-Finished, Walk-Out
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE WOLLE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Facing-West
Exterior-Metal/Steel Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-flexible
Title-Residential Freehold

No agent assigned

Love clean lines, architectural details & a home with personality? This one deserves your attention. Extensively remodelled inside & out, this distinctive home blends modern curb appeal, loft-inspired interiors & luxurious finishes in an exceptional urban location. Inside, the open-concept main floor feels more like a contemporary loft than a traditional home, with abundant natural light, maple hardwood flooring, potlights & a striking custom steel open-riser staircase. The kitchen makes a statement with butcher-block counters, stainless steel appl's, Blanco sinks & a Caesarstone waterfall island with breakfast bar. A walk-in pantry keeps everything organized, while the walkout to the spacious deck & pergola creates an effortless connection between indoor living and outdoor entertaining. Upstairs, the primary retreat offers elevated ceilings, double closets and a private terrace overlooking the park. The luxurious five-piece ensuite, complete with a custom vanity, porcelain tile, a stylish soaker tub & walk-in shower, adds a little everyday indulgence. A 2nd bedroom & 3pc bathroom provide flexibility for guests or a home office. The finished lower level extends the living space with a third bedroom, its own three-piece ensuite and generous storage. Outside, low-maintenance Distinction Wood Grain steel siding, a double-wide driveway, EV charger & a single garage w/ plenty of storage continue the home's contemporary appeal. And then there's the lifestyle. Step outside & you're moments from the Iron Horse Trail, perfect for morning walks, cycling & getting some fresh air without ever needing the car. The LRT, shops, cafés & restaurants are close by, while downtown & hwy's are just minutes away. It's a location that makes it easy to embrace an active, connected, urban lifestyle while enjoying the comfort of a home that feels like your own private retreat. For buyers who want something beyond the ordinary, this is a home that stands apart.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$600,000
Land Transfer Taxes$11,475
Legal Fees (Est.)
$
Total cash required for closing$162,975

Total Monthly Obligation

$3,837/mo
Mortgage $3,025
Monthly Loss $3,041
Principal$796
Interest$2,229
Property Tax$437
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.5%1
5-Year IRR
9.0%29
10-Year IRR
9.8%
Returns Index
15.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$36,000/yr
NOI
$22,657/yr
Net Cash Flow
-$1,137/mo
Cash Margin
-37.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.628
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
22.0/ 100

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

Comparables

Properties near 159 Palmer Avenue

Time

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