85 Duke Street W 1204, Kitchener

$419,800
85 Duke Street W 1204

$419,800

Price Change
24d
Condo Apartment1 Storey/Apt

85 Duke Street W 1204, Kitchener

Total Monthly Obligation $3,185

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
24d
Score
17
Yield
7.0%
Cash on Cash
-7.4%
Cap Rate
3.0%
5Y IRR
9.8%
10Y IRR
10.1%
Property Type-Condo Apartment
MLS® Number-X13838750
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Sep 29, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-11-15
Taxes-$4,316.41 (2026)
Maintenance-$932.02/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-Royal LePage Royal City Realty
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flex
Title-Residential Condo & Other

No agent assigned

Welcome to 85 Duke, a stylish and modern way to live. Located in the heart of downtown Kitchener, this 2-bed, 2-bath unit is awaiting your arrival. When you walk in the door, you're immediately welcomed by bright, natural light from tall living room and bedroom windows, keeping the home warm and inviting. The kitchen offers ample space for cooking and stainless steel appliances for an upscale feel. The living room with access to the open balcony is perfection. Think morning coffees on the patio set with a stunning view of downtown, or curled up in the evening with your feline friend, with the warm breeze coming through. The primary bedroom features a 4-piece ensuite with a view over the balcony. The second bedroom has a full wall of windows, where it hardly feels like you're in a condo unit. This space is perfect for a home office, guest bedroom or hobby room. The unit also has a second bathroom and ensuite laundry. For extra storage, the unit comes with a locker and one underground parking space. The building itself comes with ample amenities to make you feel at home: rooftop patio and BBQs, a gym and a party/meeting room. The building is clean and well-maintained, with concierge service for added security. Located in the heart of downtown, you'll never be without shopping, local transit or worldwide cuisine. Right outside the front door is the LRT station, and it's just a minute's walk to bus stops to take you wherever you need to go. Downtown is home to festivals, entertainment, summer patios and right next door is City Hall or a splash pad in the summer and ice skating in the winter. This unit is perfect for the busy professional on the go, first-time homebuyers looking for an in on the market, or students looking for easy access to the city's universities or college. Come book a showing today!

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

Closing Costs

Mortgage Amount
$335,840
Land Transfer Taxes$4,871
Legal Fees (Est.)
$
Total cash required for closing$90,331

Total Monthly Obligation

$3,185/mo
Mortgage $1,693
Monthly Loss $2,739
Principal$446
Interest$1,248
Property Tax$360
Condo Fees$932
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-12.9%0
5-Year IRR
6.0%14
10-Year IRR
7.9%
Returns Index
8.3/ 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
$29,580/yr
NOI
$8,721/yr
Net Cash Flow
-$967/mo
Cash Margin
-39.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.434
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.1/ 100

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

Comparables

Properties near 85 Duke Street W 1204

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.