129 Florence Avenue, Kitchener

$590,000
129 Florence Avenue

$590,000

New
4d
Detached1 1/2 Storey

129 Florence Avenue, Kitchener

Total Monthly Obligation $3,070

Beds
3
Baths
1
Park
4
Sqft
1100-1500
DOM
4d
Score
19
Yield
4.9%
Cash on Cash
-3.4%
Cap Rate
3.9%
5Y IRR
12.9%
10Y IRR
12.5%
Property Type-Detached
MLS® Number-X14095658
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-54 × 120 ft
Listed on site-Oct 19, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$3,786 (2026)
Parking-5 - Detached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

This charming and immaculate detached family home sits on a desirable large corner lot in the sought-after Centreville community, offering lots of character, updates, and a detached garage/workshop with second driveway. The main floor features a beautifully updated eat-in kitchen with custom maple cabinetry, glass backsplash, and ceramic tile flooring, a formal living room with hardwood floors, an updated 4-piece bathroom, and a flexible third bedroom or den. The kitchen walks out to an oversized covered deck overlooking a large, fully fenced private yard. Upstairs holds two additional large bedrooms, while the basement offers excellent future rec room potential. A standout detached 1.5-storey garage and workshop - approximately 14' x 29' - complete with a loft mezzanine, 220V electrical panel, and two separate entrances adds exceptional versatility. With parking for 5+ vehicles and just minutes to Hwy 8, Hwy 401, GRT/LRT transit, Fairview Mall, parks, schools, and all amenities - this is a must-see in a quiet, family-friendly neighbourhood.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$472,000
Land Transfer Taxes$8,275
Legal Fees (Est.)
$
Total cash required for closing$127,775

Total Monthly Obligation

$3,070/mo
Mortgage $2,380
Monthly Loss $2,444
Principal$626
Interest$1,754
Property Tax$316
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.6%1
5-Year IRR
8.9%28
10-Year IRR
9.8%
Returns Index
15.4/ 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
$28,884/yr
NOI
$17,710/yr
Net Cash Flow
-$904/mo
Cash Margin
-37.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo53
Risk Index
26.1/ 100

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

Comparables

Properties near 129 Florence Avenue

Time

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