15 Prince Albert Boulevard 503, Kitchener

$335,000
15 Prince Albert Boulevard 503

$335,000

New
4d
Condo ApartmentApartment

15 Prince Albert Boulevard 503, Kitchener

Total Monthly Obligation $2,338

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
4d
Score
18
Yield
6.3%
Cash on Cash
-6.6%
Cap Rate
3.2%
5Y IRR
10.3%
10Y IRR
10.5%
Property Type-Condo Apartment
MLS® Number-X14093550
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,036.95 (2026)
Maintenance-$533.94/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Ground Source)
Brokerage-Keller Williams Home Group Realty
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Title-Residential Condo & Other

No agent assigned

Fabulous 1 bedroom 1 bathroom condo with floor to ceiling windows giving you tons of natural light all day. This very popular and well maintained building is in a fabulous and convenient location between downtown Kitchener and uptown Waterloo, in the Mount Hope neighbourhood and close to the Google office. This nice clean, move in ready, carpet free condo really is a must see, nice open concept bright living area, well equipped kitchen with stainless appliances included, a spacious balcony with amazing views, a nice bright bedroom, a 4 piece bathroom, in suite laundry with washer and dryer included. This condo also benefits from having private underground secure parking and a storage locker, and the condo is very efficient with its geothermal heating and cooling system. A great condo for the first time buyer looking to get into the market or a very low maintenance unit for the savvy real estate investor.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$268,000
Land Transfer Taxes$3,500
Legal Fees (Est.)
$
Total cash required for closing$72,000

Total Monthly Obligation

$2,338/mo
Mortgage $1,351
Monthly Loss $1,983
Principal$356
Interest$996
Property Tax$253
Condo Fees$534
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.4%0
5-Year IRR
6.3%15
10-Year IRR
8.0%
Returns Index
8.8/ 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
$21,252/yr
NOI
$7,283/yr
Net Cash Flow
-$744/mo
Cash Margin
-42.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo71
Risk Index
31.1/ 100

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

Comparables

Properties near 15 Prince Albert Boulevard 503

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.