118 Wheatfield Crescent, Kitchener

$699,000
118 Wheatfield Crescent

$699,000

New
4d
DetachedBungalow

118 Wheatfield Crescent, Kitchener

Total Monthly Obligation $3,550

Beds
3
Baths
2
Park
2
Sqft
700-1100
DOM
4d
Score
17
Yield
4.3%
Cash on Cash
-5.8%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Detached
MLS® Number-X14102642
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-48.05 × 104.1 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,260 (2026)
Parking-3 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE WOLLE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Rec Room, Fireplace Insert
Pool-None
Facing-South
Exterior-Brick Veneer, Aluminum Siding
Roof-Fibreglass Shingle
Foundation-Concrete
Sewer-Sewer
Possession-some flexibility
Title-Residential Freehold

No agent assigned

Welcome to 118 Wheatfield Crescent, Kitchener! This beautifully maintained, carpet-free raised bungalow offers modern comfort, thoughtful updates, and move-in-ready appeal. Located on a quiet, family-friendly crescent just steps from parks and schools, this inviting home is sure to impress! The bright main level features beautiful hardwood flooring, newer windows, and an abundance of natural light. The updated kitchen boasts stylish cabinetry and elegant granite countertops, while spacious bedrooms and a renovated main bathroom add to the home's appeal. Downstairs, the cozy family room features a gas fireplace and large windows, complemented by a full bathroom and private office space. Step outside to the fully fenced backyard, where a spacious deck is perfect for summer barbecues, entertaining, or enjoying your morning coffee in a peaceful setting. Enjoy peace of mind with numerous important updates, including GAF 50-year architectural roof shingles, updated fascia and soffits, an updated electrical panel, central air conditioning (2021), a water softener (2021), an owned water heater (2025), and upgraded attic insulation to R-60 (March 2025). Newer windows throughout and a washing machine replaced in 2020 add even more value. The location is ideal, with parks, schools, shopping, and everyday amenities nearby. Public transit is just around the corner, and Highway 401 is less than 10 minutes away for easy commuting. Whether you're a first-time buyer, downsizing, or looking for a wonderful place to grow, this lovingly cared-for home offers comfort, convenience, and a welcoming neighbourhood to call home. Well maintained, thoughtfully updated, and ready for its next chapter! Don't miss your opportunity to make 118 Wheatfield Crescent yours. Offers accepted anytime!

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

Closing Costs

Mortgage Amount
$559,200
Land Transfer Taxes$10,455
Legal Fees (Est.)
$
Total cash required for closing$151,755

Total Monthly Obligation

$3,550/mo
Mortgage $2,820
Monthly Loss $2,808
Principal$742
Interest$2,078
Property Tax$355
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.4%1
5-Year IRR
7.5%20
10-Year IRR
8.6%
Returns Index
11.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$30,000/yr
NOI
$18,240/yr
Net Cash Flow
-$1,300/mo
Cash Margin
-52.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.7/ 100

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

Comparables

Properties near 118 Wheatfield Crescent

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.