38 Yule Place, Kitchener

$1,200,000
38 Yule Place

$1,200,000

New
9d
DetachedBungaloft

38 Yule Place, Kitchener

Total Monthly Obligation $5,674

Beds
5
Baths
3
Park
3
Sqft
1500-2000
DOM
9d
Score
14
Yield
2.7%
Cash on Cash
-12.0%
Cap Rate
2.0%
5Y IRR
6.2%
10Y IRR
7.3%
Property Type-Detached
MLS® Number-X14034006
Beds-5
Bathrooms-3
Size-1500-2000 sqft
Lot Size-45 × 137.19 ft
Listed on site-Oct 14, 2026
Style-Bungaloft
Building Type-Detached
Age-51-99
Taxes-$5,497.48 (2026)
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX Solid Gold Realty (II) Ltd
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas, Rec Room
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Welcome to this exceptional all-brick bungaloft, tucked away on a quiet court in Kitchener's desirable Heritage Park neighbourhood! Set on a beautifully treed, private property of approximately 1/3 of an acre, this home has undergone an incredible transformation, with over $400,000 invested in quality renovations that combine timeless character with modern sophistication. Inside, discover gorgeous new engineered hardwood flooring, updated trim, two gas fireplaces and a stunning kitchen renovation. The completely transformed lower level is an absolute standout! The spacious recreation room features a stunning stone fireplace, custom built-ins and a gorgeous beverage centre with bar fridge, perfect for entertaining or relaxing. An additional bedroom with a proper egress window offers flexibility for guests or family, while the beautifully finished full bathroom with heated floors adds comfort and luxury. Other significant improvements include a renovated main bathroom, updated siding, a new front entrance and updated windows. Outside, the expansive, fully fenced backyard offers exceptional privacy and an incredible setting for entertaining or unwinding. A beautiful cedar deck, hot tub and gazebo create your own private retreat, with plenty of space for children, pets and outdoor activities. This much space and privacy within the city is increasingly hard to find! Enjoy nearby woodland trails and walking distance to schools, shopping, Stanley Park Community Centre and the Kitchener Memorial Auditorium. Chicopee Ski Hill, Lyle Hallman Pool, Grand River Arena and Stanley Park Library are minutes away, with convenient access to the expressway and Highway 401. Beautifully renovated, exceptionally private and filled with character, this is a rare opportunity to enjoy an established neighbourhood with the comfort and style of a thoughtfully transformed home. A property that truly stands apart!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$960,000
Land Transfer Taxes$20,475
Legal Fees (Est.)
$
Total cash required for closing$261,975

Total Monthly Obligation

$5,674/mo
Mortgage $4,840
Monthly Loss $4,400
Principal$1,274
Interest$3,567
Property Tax$458
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.2%0
5-Year IRR
3.7%8
10-Year IRR
5.7%
Returns Index
5.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$31,992/yr
NOI
$18,795/yr
Net Cash Flow
-$3,274/mo
Cash Margin
-122.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.322
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
15.7/ 100

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

Comparables

Properties near 38 Yule Place

Time

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