116 Wheat Lane N 53, Kitchener

$499,000
116 Wheat Lane N 53

$499,000

New
15d
Condo TownhouseStacked Townhouse

116 Wheat Lane N 53, Kitchener

Total Monthly Obligation $2,885

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
15d
Score
18
Yield
5.2%
Cash on Cash
-6.0%
Cap Rate
3.3%
5Y IRR
10.9%
10Y IRR
10.9%
Property Type-Condo Townhouse
MLS® Number-X14023794
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 8, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Taxes-$3,543.11 (2026)
Maintenance-$377/mo
Locker-Common
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX MILLENNIUM REAL ESTATE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Brick
Possession-60 Days
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 58 at Wallaceton Fusion Homes in Huron Park, Kitchener a beautifully designed, park-facing 2-bedroom, 2.5-bathroom townhome offering over 1,200 sq. ft. of bright, modern living space. Built in 2022 and still feeling brand new, this one-floor condo-townhome features an open-concept layout with 9 ft. ceilings, upgraded lighting, soft-close cabinetry, wide plank laminate flooring, and a stylish chefs kitchen with two-tone cabinets, quartz countertops, stainless steel appliances, hood vent, and breakfast bar. The spacious living area is filled with natural light from large windows and opens onto two private balconies with scenic views.The primary bedroom includes a walk-in closet and a full ensuite bath, while the second bedroom is ideal for guests, a home office, or a growing family, complemented by an additional full bathroom and a convenient powder room. Enjoy in-suite laundry with full-size washer and dryer, plus one dedicated parking space right outside your door. Located just steps from parks, schools, shopping, transit, and the RBJ Schlegel Sports Complex, this move-in ready home offers the perfect blend of nature and city living.

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Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$2,885/mo
Mortgage $2,013
Monthly Loss $2,355
Principal$530
Interest$1,483
Property Tax$295
Condo Fees$377
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.5%1
5-Year IRR
7.5%20
10-Year IRR
8.7%
Returns Index
11.5/ 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
$25,896/yr
NOI
$12,839/yr
Net Cash Flow
-$943/mo
Cash Margin
-43.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo57
Risk Index
26.8/ 100

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

Comparables

Properties near 116 Wheat Lane N 53

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.