15 HOFSTETTER Avenue 306, Kitchener

$219,900
15 HOFSTETTER Avenue 306

$219,900

New
9d
Condo Apartment1 Storey/Apt

15 HOFSTETTER Avenue 306, Kitchener

Total Monthly Obligation $2,020

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
9d
Score
21
Yield
10.0%
Cash on Cash
-1.3%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.8%
Property Type-Condo Apartment
MLS® Number-X14084102
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 14, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-31-50
Taxes-$2,021 (2025)
Maintenance-$765/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Wood Stove
Pool-None
Exterior-Brick, Vinyl Siding
Possession-FLEXIBLE
Title-Residential Condo & Other

No agent assigned

CORNER UNIT FACING GREENSPACE! Welcome to Unit 306 at 15 Hofstetter Avenue, a well-maintained 2-bedroom, 2-bathroom condo nestled in Kitchener's desirable Chicopee neighbourhood! Perfect for first-time buyers, downsizers, or investors, this thoughtfully designed unit offers a functional layout that maximizes every square foot of living space. Step inside to discover a bright and inviting open-concept living area, featuring a spacious living room with a cozy wood-burning fireplace, perfect for relaxing evenings at home. The living area flows seamlessly to your private balcony, offering a wonderful outdoor retreat to enjoy your morning coffee or unwind after a busy day. The kitchen features stainless steel appliances and a practical layout, making everyday meal preparation a breeze. Two comfortable bedrooms and two bathrooms provide added convenience and flexibility for a variety of lifestyles. Ideally situated just minutes from Fairview Park Mall, Chicopee Tube Park, shopping, restaurants, parks, and everyday amenities, with easy access to major highways for commuters. Offering an excellent combination of comfort, convenience, and value, this condo is a fantastic opportunity to enjoy low-maintenance living in a well-connected neighbourhood. Don't miss your chance to call this wonderful property home. Schedule your private showing today!

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

Closing Costs

Mortgage Amount
$175,920
Land Transfer Taxes$1,924
Legal Fees (Est.)
$
Total cash required for closing$47,404

Total Monthly Obligation

$2,020/mo
Mortgage $887
Monthly Loss $1,787
Principal$233
Interest$654
Property Tax$168
Condo Fees$765
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.9%28
10-Year IRR
10.4%
Returns Index
14.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$21,912/yr
NOI
$6,120/yr
Net Cash Flow
-$377/mo
Cash Margin
-20.6%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
4.7 mo80
Risk Index
34.9/ 100

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

Comparables

Properties near 15 HOFSTETTER Avenue 306

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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