1989 Ottawa Street S 23C, Kitchener

$420,000
1989 Ottawa Street S 23C

$420,000

New
13d
Condo TownhouseStacked Townhouse

1989 Ottawa Street S 23C, Kitchener

Total Monthly Obligation $2,506

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
13d
Score
21
Yield
6.2%
Cash on Cash
-2.0%
Cap Rate
4.1%
5Y IRR
14.0%
10Y IRR
13.3%
Property Type-Condo Townhouse
MLS® Number-X14081612
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 10, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Taxes-$3,256 (2025)
Maintenance-$340.63/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-Royal LePage Royal City Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick Veneer, Vinyl Siding
Possession-30-59 days
Title-Residential Condo & Other

No agent assigned

If low-maintenance living in an unbeatable location is on your checklist, this beautifully kept 2-storey condo delivers on every front. The main floor offers a bright, practical layout featuring a fully equipped kitchen with a large dedicated pantry for all your storage needs, a dining area that can seat a table of six comfortably, a main-level powder room, and seamless access to a private outdoor balcony off of the family room. Upstairs, is complete with a dedicated second-floor laundry closet, a 4-piece bathroom, the primary suite features a second private balcony, and the second room could work either as a bedroom or a dedicated home office . The lifestyle accessibility here is hard to match. Getting anywhere is a breeze, Highway 7/8 access is fast and direct, making your daily commute completely effortless. Shopping, groceries, and dining at Sunrise Shopping Centre are just minutes away, and nature lovers will appreciate being steps from peaceful local walking trails. It's completely turn-key, immaculately cared for, and ready for its next owner to unpack and enjoy.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$336,000
Land Transfer Taxes$4,875
Legal Fees (Est.)
$
Total cash required for closing$90,375

Total Monthly Obligation

$2,506/mo
Mortgage $1,694
Monthly Loss $2,060
Principal$446
Interest$1,248
Property Tax$271
Condo Fees$341
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.2%1
5-Year IRR
10.1%36
10-Year IRR
10.8%
Returns Index
19.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$26,160/yr
NOI
$13,800/yr
Net Cash Flow
-$544/mo
Cash Margin
-25.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo66
Risk Index
31.1/ 100

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

Comparables

Properties near 1989 Ottawa Street S 23C

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.