254 Waterbrook Lane, Kitchener

$659,000
254 Waterbrook Lane

$659,000

New
3d
Att/Row/Townhouse2-Storey

254 Waterbrook Lane, Kitchener

Total Monthly Obligation $3,432

Beds
5
Baths
4
Park
2
Sqft
1100-1500
DOM
3d
Score
19
Yield
4.9%
Cash on Cash
-3.6%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.4%
Property Type-Att/Row/Townhouse
MLS® Number-X14098428
Beds-5
Bathrooms-4
Size-1100-1500 sqft
Lot Size-26.82 × 88.76 ft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-6-15
Taxes-$4,789 (2026)
Parking-3 - Built-In
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-Century 21 Heritage House Ltd.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Welcome to 254 Waterbrook Lane, a beautifully updated 5-bedroom, 4-bathroom freehold townhome with no condo fees, ideally situated in Kitchener's sought-after Doon South community. Offering nearly 2,000 sq. ft. of finished living space across three levels, this home delivers an impressive combination of modern finishes, flexible living space and everyday functionality. The bright, open-concept main floor features new vinyl flooring, a spacious living and dining area, a convenient 2-piece powder room and a well-appointed kitchen with stainless steel appliances, upgraded cabinetry and a quartz backsplash. A custom TV feature wall adds a polished focal point to the living room, while the walkout provides direct access to the private backyard with plenty of room to relax, entertain or create your own outdoor retreat. Upstairs are three comfortable bedrooms and two full bathrooms, including a spacious primary suite with a walk-in closet and 4-piece ensuite finished with quartz counters and upgraded details. The second 4-piece bathroom also features quartz finishes and serves the additional bedrooms. The fully finished lower level adds exceptional versatility with two additional bedrooms, a 3-piece bathroom and dedicated laundry area, making it ideal for guests, extended family, home offices, hobby space or growing households. Located minutes from Highway 401 and close to schools, parks, walking trails, shopping and everyday amenities, this is a highly convenient location for commuters and families alike. A nearby playground adds to the neighbourhood's appeal. With five bedrooms, four bathrooms, a finished basement, modern updates and no monthly condo fees, 254 Waterbrook Lane offers outstanding value in one of Kitchener's most desirable south-end communities.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$527,200
Land Transfer Taxes$9,655
Legal Fees (Est.)
$
Total cash required for closing$142,955

Total Monthly Obligation

$3,432/mo
Mortgage $2,658
Monthly Loss $2,733
Principal$700
Interest$1,959
Property Tax$399
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.5%1
5-Year IRR
9.0%29
10-Year IRR
9.8%
Returns Index
15.6/ 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
$32,412/yr
NOI
$19,882/yr
Net Cash Flow
-$1,001/mo
Cash Margin
-37.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.628
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
24.0/ 100

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

Comparables

Properties near 254 Waterbrook Lane

Time

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Data last updated within the past 24 hours.