231 STEEPLERIDGE Street, Kitchener

$799,999
231 STEEPLERIDGE Street

$799,999

New
3d
Detached2-Storey

231 STEEPLERIDGE Street, Kitchener

Total Monthly Obligation $4,102

Beds
4
Baths
3
Park
3
Sqft
2000-2500
DOM
3d
Score
19
Yield
5.2%
Cash on Cash
-2.3%
Cap Rate
4.1%
5Y IRR
13.8%
10Y IRR
13.2%
Property Type-Detached
MLS® Number-X14101592
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-31.99 × 118.7 ft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$5,997 (2025)
Parking-5 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-FLEXIBLE
Title-Residential Freehold

No agent assigned

Beautifully maintained, spacious and filled with natural light, 231 Steepleridge Street is the kind of home that checks all the boxes for growing families. Located in the highly sought-after community of Doon South, this 2004-built home offers 2,300+ sq. ft. of thoughtfully designed living space, 3 generous bedrooms, 2 full bathrooms upstairs, a main floor powder room and a finished basement with an additional bedroom. The main floor welcomes you with 9' ceilings, a carpet-free layout, updated doors, convenient main floor laundry and a well-appointed kitchen featuring granite countertops. Upstairs, the spacious loft is a true highlight, featuring a beautiful cathedral ceiling, electric fireplace and oversized window that allows natural light to flood the space. Reflective window tint and blackout blinds provide added privacy and comfort when desired. The finished basement extends the living space even further, offering a comfortable family room with a second electric fireplace, plus an additional bedroom-perfect for guests, teenagers, a home office or flexible living space. This home has been thoughtfully updated and cared for over the years, including furnace and A/C (2021), roof (2018), doors (2020), extended driveway (2022), newer windows, updated bathrooms, water softener (2026) and refrigerator (2026). With no carpet on the main or upper levels and an impressive list of updates already completed, this home is truly move-in ready. Situated on a family-friendly street in desirable Doon South, you'll be close to parks, trails, schools and everyday amenities while enjoying a neighbourhood atmosphere that makes it easy to feel at home. Offering generous living space, a fantastic loft, finished basement and updates throughout, 231 Steepleridge Street is ready for its next family to enjoy.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$639,999
Land Transfer Taxes$12,475
Legal Fees (Est.)
$
Total cash required for closing$173,975

Total Monthly Obligation

$4,102/mo
Mortgage $3,227
Monthly Loss $3,253
Principal$849
Interest$2,378
Property Tax$500
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.9%1
5-Year IRR
10.2%37
10-Year IRR
10.7%
Returns Index
19.5/ 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
$41,484/yr
NOI
$26,839/yr
Net Cash Flow
-$990/mo
Cash Margin
-28.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo37
Risk Index
21.7/ 100

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

Comparables

Properties near 231 STEEPLERIDGE Street

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.