439 Alice Avenue, Kitchener

$509,900
439 Alice Avenue

$509,900

New
2d
Detached1 1/2 Storey

439 Alice Avenue, Kitchener

Total Monthly Obligation $2,679

HausQ Valuation Report
Beds
3
Baths
1
Park
3
Sqft
700-1100
DOM
2d
Score
21
Yield
5.5%
Cash on Cash
-0.5%
Cap Rate
4.5%
5Y IRR
15.2%
10Y IRR
14.3%
Property Type-Detached
MLS® Number-X14102714
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-55.3 × 74.52 ft
Listed on site-Oct 21, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$2,966.66 (2026)
Parking-3 - None
Basement-Full, Unfinished
Heating-Forced Air (Electric)
Brokerage-RE/MAX Real Estate Centre Inc.
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-30-59 days
Title-Residential Freehold

No agent assigned

**ATTENTION first-time buyers, savvy renovators, and ambitious developers: this versatile property is packed with potential. **Featuring multi-unit development potential (ideal for 4-6 units or semi-detached homes), you can live in, rent out, or redevelop to maximize your return. **The current home needs TLC and is being sold as-is, offering a blank canvas for your vision with MAIN FLOOR BEDROOM AND BATHROOM. **Private financing is available for qualified buyers. **Unbeatable Location: Tucked into a quiet, family-oriented neighborhood, you are just steps from Timm Park, Gzowski Park, and the Victoria Hills Community Centre. **Enjoy quick access to Downtown Kitchener via Victoria St., or head down Highland Road for top-tier amenities, including major grocery stores, popular restaurants, and vibrant shopping centers. **Excellent proximity to both Grand River Hospital (KW) and St. Mary's (WRHN). **Don't miss this rare entry-level opportunity into Kitchener's growing market-bring your ideas and unlock this property's full potential!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$407,920
Land Transfer Taxes$6,673
Legal Fees (Est.)
$
Total cash required for closing$110,153

Total Monthly Obligation

$2,679/mo
Mortgage $2,057
Monthly Loss $2,138
Principal$541
Interest$1,516
Property Tax$247
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.2%2
5-Year IRR
10.7%41
10-Year IRR
11.2%
Returns Index
21.4/ 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
$28,128/yr
NOI
$17,849/yr
Net Cash Flow
-$569/mo
Cash Margin
-24.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
30.1/ 100

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

Comparables

Properties near 439 Alice Avenue

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.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.