44 Ruby Street, Kitchener

$500,000
44 Ruby Street

$500,000

New
7d
Detached1 1/2 Storey

44 Ruby Street, Kitchener

Total Monthly Obligation $2,712

Beds
3
Baths
1
Park
3
Sqft
700-1100
DOM
7d
Score
23
Yield
6.2%
Cash on Cash
1.8%
Cap Rate
5.0%
5Y IRR
17.0%
10Y IRR
15.8%
Property Type-Detached
MLS® Number-X14085464
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-40 × 98 ft
Listed on site-Oct 16, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$3,838.38 (2026)
Parking-4 - Detached
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick Veneer
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Immediate
Title-Residential Freehold

No agent assigned

Welcome to 44 Ruby Street, a classic brick 1.5 storey home on a quiet street in one of Kitchener's established neighbourhoods. There are 2 bedrooms up and the owner has always used the main floor 3rd bedroom that can double as a dining room/den/office. The owners have clearly cared for this home. It has character, hardwood floors and a detached garage, and there's still plenty of room to make it your own. The covered front porch, with its stone knee wall and crisp white railings, welcomes you in and gives you a spot to enjoy the street. Inside, the bright living room has rich hardwood floors, a large front picture window, and a charming arched window detail. The 3rd bedroom can double as a dining room that is just off the living room behind glass panelled doors and carries the hardwood through. It works well for family dinners, as a flexible home office or the continued use as a bedroom. The eat-in kitchen has generous cabinetry and counter space, a double sink under a large window, and room for a table. It's ready for you to update with your own finishes. Upstairs, two bedrooms, hardwood floors and closets feel cozy and full of character. The three piece bathroom has a ceramic tile flooring and a vanity with storage. The lower level adds a panelled recreation room with space for hobbies, a home gym or storage. Outside, the interlocking stone driveway leads to the detached single car garage. The backyard is framed by mature trees. The home is close to St. Mary's General Hospital, with easy access to downtown Kitchener, shopping, parks, schools, transit and the Highland Road and Queen Street corridors. It would suit a first time buyer, a downsizer, or anyone looking for a solid home to update.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$400,000
Land Transfer Taxes$6,475
Legal Fees (Est.)
$
Total cash required for closing$107,975

Total Monthly Obligation

$2,712/mo
Mortgage $2,017
Monthly Loss $2,181
Principal$531
Interest$1,486
Property Tax$320
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.2%3
5-Year IRR
12.4%53
10-Year IRR
12.5%
Returns Index
27.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$31,128/yr
NOI
$19,677/yr
Net Cash Flow
-$377/mo
Cash Margin
-14.5%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8115
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
31.1/ 100

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

Comparables

Properties near 44 Ruby Street

Time

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