188 Courtland Avenue E, Kitchener

$795,000
188 Courtland Avenue E

$795,000

New
3d
Detached2-Storey

188 Courtland Avenue E, Kitchener

Total Monthly Obligation $3,846

Beds
4
Baths
4
Park
3
Sqft
1100-1500
DOM
3d
Score
19
Yield
4.5%
Cash on Cash
-3.6%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.3%
Property Type-Detached
MLS® Number-X14098908
Beds-4
Bathrooms-4
Size-1100-1500 sqft
Lot Size-34 ft (front)
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,175 (2026)
Parking-4 - Detached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 RIGHT TIME REAL ESTATE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-Other
Facing-East
Exterior-Other
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-30-59 days
Title-Residential Freehold

No agent assigned

Fully renovated plus finished basement! Welcome to 188 Courtland Road East, Kitchener, ON! This beautifully renovated detached home features 3+1 bedrooms and 3.5 bathrooms, making it an excellent opportunity for families, investors, or buyers looking to enjoy the convenience and amenities Kitchener has to offer. Fully renovated from top to bottom, this home is situated in a highly walkable neighbourhood with excellent access to public transportation, schools, shopping, dining, parks, trails, and other everyday amenities. The property is approximately a 10-minute walk to Kitchener Market ION Station and just steps from bus stops. It is also only minutes from the hospital, Kitchener's downtown core, Kitchener Market, restaurants, shopping, schools, parks, and trails, including the Iron Horse Trail. Parking is convenient, with space for up to three vehicles plus a detached garage. Enjoy easy access to major transportation routes, including Highway 7/8 and Highway 401, as well as being just a few minutes' drive to Conestoga College and both universities in Waterloo. With its extensive renovations, spacious layout, convenient location, and excellent access to transportation and amenities, this home is a fantastic opportunity for families, investors, first-time buyers, or those looking for a move-in-ready property in Kitchener! Click on virtual tour attached link to explore more about this Home. Book your private showing today!!

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Closing Costs

Mortgage Amount
$636,000
Land Transfer Taxes$12,375
Legal Fees (Est.)
$
Total cash required for closing$172,875

Total Monthly Obligation

$3,846/mo
Mortgage $3,207
Monthly Loss $3,003
Principal$844
Interest$2,363
Property Tax$265
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.0%1
5-Year IRR
9.2%30
10-Year IRR
10.0%
Returns Index
16.4/ 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
$36,000/yr
NOI
$24,725/yr
Net Cash Flow
-$1,146/mo
Cash Margin
-38.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
22.2/ 100

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

Comparables

Properties near 188 Courtland Avenue E

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.