15 Wellington Street S 708, Kitchener

$397,500
15 Wellington Street S 708

$397,500

New
22d
Condo ApartmentApartment

15 Wellington Street S 708, Kitchener

Total Monthly Obligation $2,590

Bed+Den
2+1
Baths
1
Park
1
Sqft
600-699
DOM
22d
Score
18
Yield
6.0%
Cash on Cash
-5.9%
Cap Rate
3.3%
5Y IRR
10.9%
10Y IRR
10.9%
Property Type-Condo Apartment
MLS® Number-X13852692
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$2,903 (2025)
Maintenance-$545/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Tenanted
Title-Residential Condo & Other

No agent assigned

5 Elite Reasons To Own This Luxurious Boutique-Style Condo At Station Park! Welcome To 15 Wellington Street South, Unit 708, Kitchener - A Stunning 2-Year-New Condo Offering 1 Bedroom + Den, 1 Bathroom, 1 Parking, And 1 Locker In One Of Downtown Kitchener's Most Vibrant And Fast-Growing Communities. 1. Unbeatable Location - Situated In The Heart Of Kitchener's Innovation District, This Is A True Commuter's Paradise. Just Steps To Kitchener GO Station, LRT, Google, Deloitte, KPMG, Victoria Park, Grand River Hospital, And The University Of Waterloo School Of Pharmacy. Urban Convenience Truly Does Not Get Better Than This. 2. Stylish Modern Kitchen - Enjoy A Beautifully Designed Kitchen Featuring Stainless Steel Appliances, Quartz Countertops, Elegant Backsplash, And Ample Cabinetry, Offering The Perfect Blend Of Style, Function, And Storage. 3. Bright Open-Concept Living - Thoughtfully Designed With Approximately 705 Sq. Ft. Of Total Living Space (655 Sq. Ft. Interior + 50 Sq. Ft. Balcony), This Unit Features 9-Ft Ceilings, Premium Laminate Flooring Throughout, In-Suite Laundry, And A Walk-Out Balcony That Adds To The Airy, Modern Feel. 4. Spacious Bedroom + Versatile Den - The Generous Primary Bedroom Offers A Large Window And Walk-In Closet, While The Separate Den Provides Flexible Space Ideal For A Home Office, Study Area, Or Guest Space. 5. Exceptional Lifestyle Amenities - Station Park Offers An Unmatched Amenity Experience Including A Two-Lane Bowling Alley With Lounge, Swim Spa And Hot Tub, Fully Equipped Fitness Centre, Yoga/Pilates Studio, Peloton Studio, Dog Washing Station/Pet Spa, And Snail Mail Smart Parcel Locker System For Secure Deliveries And Added Convenience. No Carpet. Boutique Luxury. Prime Urban Location. Exceptional Amenities. A Rare Opportunity To Own In One Of Kitchener's Newest And Most Exciting Condo Communities. A Must See!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$318,000
Land Transfer Taxes$4,438
Legal Fees (Est.)
$
Total cash required for closing$85,438

Total Monthly Obligation

$2,590/mo
Mortgage $1,603
Monthly Loss $2,168
Principal$422
Interest$1,181
Property Tax$242
Condo Fees$545
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.1%1
5-Year IRR
7.2%19
10-Year IRR
8.6%
Returns Index
10.7/ 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
$23,952/yr
NOI
$9,714/yr
Net Cash Flow
-$794/mo
Cash Margin
-39.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo64
Risk Index
29.0/ 100

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

Comparables

Properties near 15 Wellington Street S 708

Time

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Data last updated within the past 24 hours.