122 Wheat Lane, Kitchener

$449,900
122 Wheat Lane

$449,900

New
4d
Condo TownhouseStacked Townhouse

122 Wheat Lane, Kitchener

Total Monthly Obligation $2,666

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
4d
Score
19
Yield
5.7%
Cash on Cash
-4.3%
Cap Rate
3.7%
5Y IRR
12.2%
10Y IRR
11.9%
Property Type-Condo Townhouse
MLS® Number-X14096336
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 19, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Age-0-5
Taxes-$3,314.65 (2025)
Maintenance-$375/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-Flexible
Title-Residential Condo & Other

No agent assigned

PRICED TO SELL AT JUST $449,900! EXCEPTIONAL VALUE IN KITCHENER'S DESIRABLE HURON COMMUNITY! Welcome to 122 Wheat Lane, a beautifully maintained, move-in-ready 2-bedroom, 2-bathroom GROUND-LEVEL stacked condo townhouse showcasing true pride of ownership! Built in 2022 by Fusion Homes, this immaculate, stylish, open-concept living space with modern finishes and thoughtful upgrades throughout. Enjoy the comfort and convenience of ground-level living with no interior stairs! Step inside to discover a bright and spacious living and dining area, a gorgeous white kitchen featuring elegant quartz countertops, stainless steel appliances, and ample cabinetry. Beautiful flooring, upgraded finishes, and quartz countertops in both bathrooms add to the home's appeal. The generous primary bedroom features a walk-in closet, private 3-piece ensuite, and direct walkout to a covered patio overlooking peaceful green space and parkland, the perfect setting to relax and unwind! A well-sized second bedroom, additional full bathroom, and convenient ensuite laundry complete this thoughtfully designed home. Enjoy the added convenience of an exclusive parking space just steps from your door. Ideally situated in a vibrant, family-friendly neighbourhood, close to RBJ Schlegel Park, Huron Natural Area, scenic walking trails, schools, shopping, restaurants, public transit, and major highways, including Highway 401. Perfect for first-time homebuyers, young professionals, downsizers, or investors seeking an excellent opportunity in a growing community.

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$359,920
Land Transfer Taxes$5,473
Legal Fees (Est.)
$
Total cash required for closing$96,953

Total Monthly Obligation

$2,666/mo
Mortgage $1,815
Monthly Loss $2,188
Principal$478
Interest$1,337
Property Tax$276
Condo Fees$375
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.6%26
10-Year IRR
9.6%
Returns Index
14.3/ 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
$25,680/yr
NOI
$12,897/yr
Net Cash Flow
-$740/mo
Cash Margin
-34.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
29.0/ 100

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

Comparables

Properties near 122 Wheat Lane

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.