1380 Queen's Boulevard, Kitchener

$625,000
1380 Queen's Boulevard

$625,000

New
2d
DetachedBungalow-Raised

1380 Queen's Boulevard, Kitchener

Total Monthly Obligation $3,258

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
2d
Score
20
Yield
5.2%
Cash on Cash
-2.1%
Cap Rate
4.1%
5Y IRR
13.9%
10Y IRR
13.3%
Property Type-Detached
MLS® Number-X14104270
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-15.26 × 35.11 ft
Listed on site-Oct 21, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-51-99
Taxes-$4,344.54 (2026)
Parking-3 - Attached
Basement-Finished with Walk-Out, Separate Entrance, Full, Development Potential
Heating-Forced Air (Gas)
Brokerage-RE/MAX WEST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-North
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Welcome to 1380 Queen's Boulevard! This inviting 3-bedroom, 2-bath raised bungalow offers a wonderful combination of comfort, outdoor living and everyday convenience in an established Kitchener neighbourhood. Featuring a single-car garage and a beautiful covered backyard deck, this home provides a great setting for both relaxing and entertaining. Enjoy your morning coffee, host summer gatherings or simply unwind outdoors in the privacy of your fully fenced backyard that backs onto Overlea Park and greenspace. The finished lower level offers additional living space, featuring large windows that fill the space with natural light, a cozy gas fireplace, a second bathroom and ample storage. With the added convenience of a separate entrance, this versatile lower level offers plenty of possibilities to suit your lifestyle and needs. Location is another highlight! Situated close to schools, parks, shopping and everyday amenities, you'll appreciate having so much within easy reach. Nearby Forest Heights Community Centre, indoor swimming pool and public library offer recreational opportunities, while Fischer Park features tennis courts, sports fields and a skatepark. Southridge Public School, Queensmount Middle School, St. Paul's Catholic School and Forest Heights Collegiate Institute are also nearby. Enjoy convenient access to shopping and groceries, including Real Canadian Superstore, Highland Road shopping plazas and amenities along Fischer-Hallman Road. The Queen's Boulevard hospital site, formerly St. Mary's General Hospital, is just down the road, while nearby expressway connections make commuting throughout Kitchener-Waterloo and beyond a breeze. Whether you're enjoying the comfort of home or taking advantage of everything the surrounding community has to offer, this property is a great place to call home!

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

Closing Costs

Mortgage Amount
$500,000
Land Transfer Taxes$8,975
Legal Fees (Est.)
$
Total cash required for closing$135,475

Total Monthly Obligation

$3,258/mo
Mortgage $2,521
Monthly Loss $2,595
Principal$663
Interest$1,858
Property Tax$362
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
9.9%35
10-Year IRR
10.6%
Returns Index
18.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$32,604/yr
NOI
$20,499/yr
Net Cash Flow
-$813/mo
Cash Margin
-29.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
25.5/ 100

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

Comparables

Properties near 1380 Queen's Boulevard

Time

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Data last updated within the past 24 hours.