121 Morgan Avenue 7, Kitchener

$489,000
121 Morgan Avenue 7

$489,000

New
21d
Condo Townhouse2-Storey

121 Morgan Avenue 7, Kitchener

Total Monthly Obligation $2,787

Beds
3
Baths
2
Park
1
Sqft
1200-1399
DOM
21d
Score
22
Yield
6.2%
Cash on Cash
-1.0%
Cap Rate
4.4%
5Y IRR
14.8%
10Y IRR
14.0%
Property Type-Condo Townhouse
MLS® Number-X13853572
Beds-3
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$2,509.82 (2025)
Maintenance-$405/mo
Locker-None
Parking-2 - Attached
Basement-Full, Finished
Heating-Heat Pump (Gas)
Brokerage-RE/MAX REALTY ENTERPRISES INC.
Cooling-Wall Unit(s)
Laundry-No
Fireplace-Natural Gas
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-30/TBA
Title-Residential Condo & Other

No agent assigned

Rare end-unit opportunity at 121 Morgan Ave, Unit 7! This pristine, carpet-free 3-bedroom, 2-bathroom townhome delivers exceptional value and complete mechanical peace of mind. The heavy lifting is already done: enjoy a brand-new roof installed August 2026, plus a state-of-the-art multi-zone heat pump system (June 2026 by Delta Air Systems) offering whisper-quiet, ultra-efficient heating and cooling-complete with a transferable 12-year parts warranty.The bright main level features an open-concept living and dining area with a cozy gas fireplace, flowing seamlessly out to a private, tree-canopied deck-your personal summer oasis. The eat-in kitchen shines with stainless steel appliances, crisp tile backsplash, and oversized picture windows.Upstairs, retreat to a spa-inspired 4-piece bath with quartz counters and a deep soaker tub, flanked by three generous bedrooms. Both the primary and second bedrooms feature walk-in closets, while the third includes a built-in Murphy bed-ideal for a dedicated home office or guest suite.Downstairs, the sprawling finished basement adds massive flexible space for a home theater, rec room, or gym, along with a renovated 2-piece powder room, 2025 water softener, and direct interior garage entry.Unbeatable location and low carrying costs: walk across the street to Howard Robertson PS, or head around the corner to Chicopee Ski & Summer Resort for year-round skiing, tubing, and biking. Minutes to Hwy 8/401, Fairway LRT, and CF Fairview Park Mall. Low condo fees conveniently INCLUDE water! Move-in ready, low-maintenance living at its absolute finest-ideal for first-time buyers and downsizers alike!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$391,200
Land Transfer Taxes$6,255
Legal Fees (Est.)
$
Total cash required for closing$105,555

Total Monthly Obligation

$2,787/mo
Mortgage $1,972
Monthly Loss $2,268
Principal$519
Interest$1,453
Property Tax$209
Condo Fees$405
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.9%2
5-Year IRR
11.1%43
10-Year IRR
11.5%
Returns Index
22.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$30,240/yr
NOI
$17,446/yr
Net Cash Flow
-$519/mo
Cash Margin
-20.6%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7411
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo59
Risk Index
29.4/ 100

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

Comparables

Properties near 121 Morgan Avenue 7

Time

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