150 Bankside Drive, Kitchener

$699,000
150 Bankside Drive

$699,000

New
21d
DetachedBungalow-Raised

150 Bankside Drive, Kitchener

Total Monthly Obligation $3,536

Beds
4
Baths
2
Park
2
Sqft
700-1100
DOM
21d
Score
19
Yield
5.0%
Cash on Cash
-2.3%
Cap Rate
4.1%
5Y IRR
13.7%
10Y IRR
13.1%
Property Type-Detached
MLS® Number-X13854908
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-41.47 × 114.98 ft
Listed on site-Oct 2, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$4,097 (2025)
Parking-3 - Attached
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-HOMELIFE/MIRACLE REALTY LTD
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Tucked into Kitchener's Highland West neighbourhood, this raised bungalow blends classic charm with everyday functionality. Step through the front door and you're greeted by a soaring, heightened foyer, a rare feature for this style of home. The freshly painted main floor includes two comfortable bedrooms and a well finished bathroom with a skylight overhead. The kitchen offers generous storage and flows into a bright, freshly painted 115 square foot sunroom, perfect for morning coffee or evening relaxing. From there, step outside to a private deck overlooking a fully fenced backyard with space for vegetable gardens. A separate dining room provides a dedicated setting for formal dinners and family gatherings. Downstairs, oversized windows keep the lower level feeling open and bright. Here you'll find a spacious recreation room, a full bathroom and a third bedroom, ideal for guests, a home office or extra living space. In total, the home offers three bedrooms and two full bathrooms. Nearby green space includes Bankside Park, Monarch Woods Park and Filsinger Park, with shopping, schools and the expressway all within easy reach.

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

Closing Costs

Mortgage Amount
$559,200
Land Transfer Taxes$10,455
Legal Fees (Est.)
$
Total cash required for closing$151,755

Total Monthly Obligation

$3,536/mo
Mortgage $2,820
Monthly Loss $2,794
Principal$742
Interest$2,078
Property Tax$341
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.2%1
5-Year IRR
10.0%35
10-Year IRR
10.6%
Returns Index
18.8/ 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
$35,196/yr
NOI
$23,079/yr
Net Cash Flow
-$896/mo
Cash Margin
-30.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
24.0/ 100

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

Comparables

Properties near 150 Bankside Drive

Time

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