57 Progress Crescent, Kitchener

$529,000
57 Progress Crescent

$529,000

New
8d
Condo Townhouse3-Storey

57 Progress Crescent, Kitchener

Total Monthly Obligation $3,126

Bed+Den
3+1
Baths
3
Park
1
Sqft
1800-1999
DOM
8d
Score
19
Yield
5.8%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Condo Townhouse
MLS® Number-X14083374
Bed+Den-3+1
Bathrooms-3
Size-1800-1999 sqft
Listed on site-Oct 15, 2026
Style-3-Storey
Building Type-Condo Townhouse
Age-0-5
Taxes-$4,246.12 (2026)
Maintenance-$437.89/mo
Locker-None
Parking-2 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick Front, Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Concrete
Possession-Immediate
Title-Residential Condo & Other

No agent assigned

A beautifully designed, non-stacked 3-storey condo townhouse offering approximately 1,800 sq. ft. of comfortable living space. This spacious home features 2+1 bedrooms, 2 bathrooms, an attached garage with direct access to the home, an additional driveway parking space and a separate side-door entrance from the driveway. The main living level offers an inviting open-concept layout with a generous great room, dining area and kitchen, with walk-out access to a private balcony. The third level features two spacious bedrooms, including a primary bedroom with a walk-in closet, plus a second bedroom with its own walk-in closet. The generously sized, finished above-ground lower level offers excellent potential for a third bedroom, with flexibility for a recreation room, home office or additional living space. Convenient ensuite laundry, central air conditioning, a water softener and ample storage add to the comfort of this home. Located in a desirable Kitchener neighbourhood near Seabrook Drive and Fischer-Hallman Road. Tenants vacate November 30th. A fantastic opportunity for first-time buyers, families or investors!

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Closing Costs

Mortgage Amount
$423,200
Land Transfer Taxes$7,055
Legal Fees (Est.)
$
Total cash required for closing$114,355

Total Monthly Obligation

$3,126/mo
Mortgage $2,134
Monthly Loss $2,564
Principal$562
Interest$1,572
Property Tax$354
Condo Fees$438
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.8%1
5-Year IRR
8.9%28
10-Year IRR
9.8%
Returns Index
15.2/ 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
$30,600/yr
NOI
$15,639/yr
Net Cash Flow
-$831/mo
Cash Margin
-32.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
25.6/ 100

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

Comparables

Properties near 57 Progress Crescent

Time

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Data last updated within the past 24 hours.