16 Monterey Road, Kitchener

$749,000
16 Monterey Road

$749,000

New
22d
DetachedBacksplit 3

16 Monterey Road, Kitchener

Total Monthly Obligation $3,845

Beds
3
Baths
2
Park
4
Sqft
1500-2000
DOM
22d
Score
19
Yield
5.0%
Cash on Cash
-3.2%
Cap Rate
3.9%
5Y IRR
13.0%
10Y IRR
12.6%
Property Type-Detached
MLS® Number-X13852260
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-55 × 110 ft
Listed on site-Oct 1, 2026
Style-Backsplit 3
Building Type-Detached
Taxes-$5,384.97 (2026)
Parking-6 - Attached
Basement-Finished, Finished with Walk-Out
Heating-Forced Air (Electric)
Brokerage-RE/MAX GOLD REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-Inground
Facing-South
Exterior-Brick, Concrete
Roof-Asphalt Shingle, Flat
Foundation-Block, Concrete
Sewer-Sewer
Possession-Owner
Title-Residential Freehold

No agent assigned

Fantastic opportunity in Kitchener's sought-after Rosemount Heritage Park community! Welcome to16 Monterey Road, a spacious detached backsplit situated on a premium 55' x 110' lot andfeaturing a private in-ground swimming pool. Offering approximately 1,938 sq. ft. of finishedliving space (1,573 sq. ft. above grade plus approximately 365 sq. ft. in the finished lowerlevel), this home features 3 spacious bedrooms, 1.5 bathrooms and a functional split-levellayout with minimal stairs. Enjoy a large separate family room with fireplace, separate diningroom and dedicated Art Room offering additional space to personalize to your lifestyle. Theupgraded kitchen features quartz countertops, backsplash, upgraded appliances and amplecabinetry, complemented by modern luxury vinyl flooring. The bright lower level offers largewindows providing plenty of natural light, a spacious recreation room with home bar and pooltable, powder room, and patio doors with direct access to the backyard. The basement levelfeatures laundry and a furnace room, along with a large unfinished crawl space under thebedroom area providing additional storage.Step outside to your private backyard oasis featuring an in-ground swimming pool and patio,perfect for summer entertaining and family gatherings. The pool is currently closed for theseason; listing photos and video showcase the pool while open. Additional features include awater softener, side entrance, direct access to the double-car garage, and parking for up to 6vehicles. Conveniently located close to schools, parks, shopping, public transit and majoramenities.Great opportunity to own a spacious detached home with a private pool and premium lot-come seeeverything this home has to offer! As per Seller, the in-ground pool is a concrete chlorinepool, and the pool surface was redone approximately 3 years ago. The pool is equipped with aheater. The furnace was replaced in 2023.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$599,200
Land Transfer Taxes$11,455
Legal Fees (Est.)
$
Total cash required for closing$162,755

Total Monthly Obligation

$3,845/mo
Mortgage $3,021
Monthly Loss $3,050
Principal$795
Interest$2,226
Property Tax$449
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-7.9%1
5-Year IRR
9.4%31
10-Year IRR
10.1%
Returns Index
16.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$37,116/yr
NOI
$23,519/yr
Net Cash Flow
-$1,061/mo
Cash Margin
-34.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
22.2/ 100

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

Comparables

Properties near 16 Monterey Road

Time

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