HN
42 Ingleside Drive, Kitchener, ON N2M 2G8, Kitchener, ON
+19 photos
$449,900

42 Ingleside Drive, Kitchener, ON N2M 2G8, Kitchener, ON

Kitchener, ON N2M 2G8
5 beds 2 baths Semi-Detached

About this home

***Attention*** Investors, Renovators, Flippers, Home Owners wanting a mortgage helper. Excellent opportunity to purchase a 3 bedroom semi-detached BUNGALOW with a 2 BEDROOM BASEMENT APARTMENT IN-LAW SUITE. Above ground separate entrance and 3 legal size egress windows already completed to legalize the basement. After Repair Value (ARV) for a semi-detached bungalow with a two bedroom basement apartment is approximately $650K+. All major items replaced recently: Roof 2025, Furnace 2021, Water Heater 2022, newer windows, fuse panel recently upgraded to breakers. Parking for 4 vehicles. Significant upside on this property. Do not miss this opportunity to own a low priced investment property, flip this home or live in the Upper and have the Lower level pay your mortgage!

Property Score

70/ 100
Overall Property Score
great

A blend of both buyer and investor metrics.

Score breakdown
Walkability
60/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
75/100great
GO Transit, LRT, and bus access from this neighborhood.
Schools
75/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
60% of city avggreat
Priced below Kitchener's average of $745,000.
Appreciation Trend
+1.7%/yrgreat
Kitchener has seen +1.7% YoY price change.
Monthly Cash Flow
-$174/mofair
Estimated -$174/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
5.15%excellent
Net operating income divided by purchase price.
Basement Suite Potential
Not viablepoor
This property type typically can't add a basement suite.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13028124
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.

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