121 Southwood Drive, Kitchener

$750,000
121 Southwood Drive

$750,000

New
25d
DetachedBungalow-Raised

121 Southwood Drive, Kitchener

Total Monthly Obligation $3,742

Beds
3
Baths
2
Park
2
Sqft
700-1100
DOM
25d
Score
16
Yield
3.8%
Cash on Cash
-7.8%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.8%
Property Type-Detached
MLS® Number-X13836490
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-45 × 150 ft
Listed on site-Sep 28, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-31-50
Taxes-$4,097 (2025)
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ENGEL & VOLKERS TORONTO CENTRAL
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

An extensively updated raised bungalow situated on an impressive 45' x 150' deep lot in the established Laurentian Hills community. Offering approximately 1,800 sq. ft. of finished living space, this bright and inviting 3-bedroom, 2-bathroom home features a spacious layout, large sunshine windows and extra-deep double garage, exceptional list of recent improvements. The 2026 RENOVATIONS and upgrades include: New Napoleon fireplace , home freshly painted, including ceilings, All new baseboards, New dishwasher, New faucets throughout the home, Both bathroom toilets replaced, Brand-new quartz kitchen countertops, New deck, Stone walkway, Driveway sealing, Fresh exterior front-facing paint, New garage door sealant, New smoke and CO2 detectors, New closet doors, Brand-new bathtub, Brand-new bathroom vanity, New bathroom mirror and light fixture,New bathroom backsplash, New black bathroom fixtures, New trim/frame around garage doors, New white furnace floor vents, Major IMPROVEMENTS completed between 2023-2025 include: Hot tub electrical panel ,Professionally installed Tesla EV charger, Luxury vinyl plank flooring and tile work in the kitchen and bathroom, furnace & central air conditioning , Electrical panel, Living room pot lights, Exterior camera system, Owned reverse-osmosis drinking water system, Wall tile in shower. Step outside to the brand-new three-tier deck, with convenient access from both the kitchen and primary bedroom. The 45' x 150' lot provides an excellent amount of outdoor space, while the established neighbourhood offers a quiet residential setting. Steckle Woods, located at 215 Southwood Drive, provides a nearby natural setting with walking trails through mature woodland. Steckle Woods. The location also provides convenient access to major south Kitchener routes and Highway 401, making commuting throughout Kitchener-Waterloo and the surrounding region convenient.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$600,000
Land Transfer Taxes$11,475
Legal Fees (Est.)
$
Total cash required for closing$162,975

Total Monthly Obligation

$3,742/mo
Mortgage $3,025
Monthly Loss $2,946
Principal$796
Interest$2,229
Property Tax$341
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%13
Cash-on-Cash
-12.0%0
5-Year IRR
6.2%15
10-Year IRR
7.6%
Returns Index
8.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$28,320/yr
NOI
$16,891/yr
Net Cash Flow
-$1,618/mo
Cash Margin
-68.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
21.4/ 100

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

Comparables

Properties near 121 Southwood Drive

Time

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