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Investment signal

$859,000

115 UPLANDS DRIVE

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kitchener. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Unbeatable investment opportunity! This beautiful duplex home features a fully equipped, legal 2-bedroom with 2 full washrooms and a separate laundry, basement suite built in 2023 with a separate private above-grade entrance. Total Living Space of 1,850 (approx). Currently rented out, this bright basement level adds immediate RETURN ON INVESTMENT. The main floor comes with a fully renovated kitchen with new tile flooring. Composite deck, glass railing, chain link fence and ample parking. Huge backyard with the possibility of a future Additional Rental Unit. Close to the highway, shopping centre and Waterloo University. (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Common interest: Freehold
Lot dimensions: 63 x 115 FT
Bedrooms: 3 above grade, 2 below grade
Parking: 6 total
Stories: 1
Fireplace: Yes
On market: Apr 20, 2026
Status changed: Apr 23, 2026
Annual tax: $5,114 (2025)
Photos: 45
MLS#: X13020982
Area: KITCHENER

Features and systems

Parking

No Garage

Basement

FinishedN/A

Appliances

WasherDryerMicrowaveHood FanTwo stovesWater HeaterTwo Refrigerators

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Poured Concrete

Negative cash flow ~$944/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.60%

Cap rate

3.54%

GRM

16.6

Break-even rent

$5,294

Financing

Down payment$171,800

Loan amount$687,200

Mortgage$3,482/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$394

Insurance$80

Maintenance$716

CapEx reserve$358

Vacancy loss$215

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,482/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.