213 Deer Ridge Drive, Kitchener

$1,499,900
213 Deer Ridge Drive

$1,499,900

New
8d
Detached2-Storey

213 Deer Ridge Drive, Kitchener

Total Monthly Obligation $7,242

Beds
4
Baths
3
Park
3
Sqft
2500-3000
DOM
8d
Score
14
Yield
2.7%
Cash on Cash
-12.6%
Cap Rate
1.9%
5Y IRR
5.8%
10Y IRR
7.0%
Property Type-Detached
MLS® Number-X14083070
Beds-4
Bathrooms-3
Size-2500-3000 sqft
Lot Size-61 × 131 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Taxes-$9,799.8 (2026)
Parking-6 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick Veneer
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Rare opportunity in Deer Ridge, one of Kitchener's established upscale neighbourhoods. This 4-bedroom, 3-bathroom home offers over 3,100 sq ft of living space, hardwood flooring, a rare 3-car garage, a 3-season room, & a landscaped backyard with direct access to a walking trail. The main floor features 9 ft ceilings & a vaulted foyer, along with a formal dining room & front sitting room with large bay windows. The spacious eat-in kitchen includes built-in appliances, a large island, & plenty of cupboard space. The family room has a gas fireplace, large windows, & access to the 3-season room overlooking the backyard. A powder room & laundry/mudroom with garage access complete this level. Upstairs are 4 bedrooms & 2 full bathrooms. The primary bedroom has his & her closets & a spacious 4-piece ensuite. The 3 additional bedrooms are good sizes, including 1 with a large walk-in closet that may offer potential for a future ensuite. The main 4-piece bathroom provides plenty of space. The unfinished basement has large windows, a bathroom rough-in, & plenty of room for future bedrooms, a rec-room, gym, or additional living space. Outside, the fully fenced backyard features established gardens, an irrigation system, patio, & direct access to a walking trail, with a playground nearby. The 3-season room provides a comfortable place to enjoy the yard through much of the year. Located in Deer Ridge Kitchener, this home is minutes from Deer Ridge Golf Club, Pioneer Tower Natural Area, Grand River trails, parks, Costco, shopping, restaurants, & everyday amenities. Quick access to Highway 8 & Highway 401 makes commuting throughout Kitchener-Waterloo, Cambridge, Guelph, & the GTA convenient.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,199,920
Land Transfer Taxes$26,473
Legal Fees (Est.)
$
Total cash required for closing$327,953

Total Monthly Obligation

$7,242/mo
Mortgage $6,050
Monthly Loss $5,650
Principal$1,592
Interest$4,458
Property Tax$817
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.5%9
Cash-on-Cash
-15.6%0
5-Year IRR
3.4%7
10-Year IRR
5.5%
Returns Index
4.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$40,656/yr
NOI
$22,291/yr
Net Cash Flow
-$4,193/mo
Cash Margin
-123.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.312
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo21
Risk Index
13.9/ 100

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

Comparables

Properties near 213 Deer Ridge Drive

Time

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