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$699,999
Kitchener
939 STRASBURG Road, Kitchener, Ontario, N2E1T6
This 4-bedroom, 2-bathroom home in Kitchener is for sale offering roughly 2,187 sq ft of space. Listed at $699,999, it is attractively priced about 6% below the $745,000 median asking price in Kitchener.
For more info on this property, please click the Brochure button. Vacant Possession – Turnkey House-Hacking or Investment Opportunity in Alpine Village. Set your own rents immediately. This 2,187 sqft raised bungalow is being offered completely vacant, making it a perfect blank slate for an investor looking for cash flow, or a buyer looking to live in one unit while the other covers the mortgage. The Financials & Upgrades: Proven Income: Strong rental history. Offered vacant and ready to command current market rates of $4,000/month ($2,500/month Main Floor + $1,500/month Lower Level). Low OpEx: Historically structured so tenants pay their own utilities and handle all lawn maintenance. Major CapEx Completed: Brand new windows and a 3-year-old roof mean your near-term capital expenses are already handled. The main level offers 3 bedrooms and a full bath, while the lower level serves as a self-contained 1-bedroom income suite featuring a separate entrance, second kitchen, and second laundry. Situated on a quiet street steps from groceries, shopping, and dining, making it incredibly easy to attract quality tenants. Move-in ready with a 1-car garage and large backyard. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 132 days on market, against an average age of 54 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 4-bed single family in Kitchener is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $699,999, about 7.5× the local median household income of $93,000.
Carrying it typically needs a household income of about $136,734 (20% down, 25-yr amortization, stress-tested) — roughly 47% above the area median.
Source: Statistics Canada, 2021 Census (FSA N2E)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.