15 Cannes Street, Kitchener

$729,000
15 Cannes Street

$729,000

New
22d
Detached3-Storey

15 Cannes Street, Kitchener

Total Monthly Obligation $3,693

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
22d
Score
18
Yield
4.6%
Cash on Cash
-4.2%
Cap Rate
3.7%
5Y IRR
12.2%
10Y IRR
12.0%
Property Type-Detached
MLS® Number-X13851374
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-30 × 103.82 ft
Listed on site-Oct 1, 2026
Style-3-Storey
Building Type-Detached
Taxes-$4,531 (2025)
Parking-3 - Attached
Basement-Full, Finished, Walk-Up
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding, Brick Veneer
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-30 DAYS
Title-Residential Freehold

No agent assigned

Bright, open concept, light-filled and extensively updated! Welcome to 15 Cannes Street, a 3-bedroom, 2-bathroom home where many of the major improvements have already been taken care of. Recent updates include roof shingles (2025) with transferable warranty, windows (2026)with transferable warranty, rear sliding door (2026), furnace (2022), A/C (2021), renovated kitchen, updated flooring throughout, brand-new carpeting on the second and third levels, and washer and dryer (2024). The open-concept main floor is filled with natural light and seamlessly connects the kitchen, dining and living areas. The renovated kitchen features new countertops, sink and backsplash, while sliding doors from the living area lead directly to the backyard, deck and covered gazebo-perfect for outdoor dining and entertaining. Upstairs, the spacious second floor family room offers a wonderful additional living area with vaulted ceilings and oversized windows. The third level features three bedrooms and an updated primary bathroom with newer shower, vanity, lighting, mirror, flooring and ventilation fan. The finished basement adds even more flexible living space for a recreation room, home office, gym or playroom, along with a bathroom rough-in for future potential. Outside,enjoy a fully fenced backyard, spacious deck, covered gazebo and garden shed. Move-in ready, filled with natural light and offering an impressive collection of recent improvements-15 Cannes Street is ready for its next chapter. Offers welcome ANYTIME!

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

Closing Costs

Mortgage Amount
$583,200
Land Transfer Taxes$11,055
Legal Fees (Est.)
$
Total cash required for closing$158,355

Total Monthly Obligation

$3,693/mo
Mortgage $2,941
Monthly Loss $2,919
Principal$774
Interest$2,167
Property Tax$378
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.8%1
5-Year IRR
8.7%27
10-Year IRR
9.6%
Returns Index
14.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$33,864/yr
NOI
$21,447/yr
Net Cash Flow
-$1,153/mo
Cash Margin
-40.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
22.5/ 100

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

Comparables

Properties near 15 Cannes Street

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.