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Investment signal

$799,000

228 HOLBORN DRIVE

Beds

Baths

Sqft

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Year

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Location

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About this home

ATTENTION INVESTORS AND FIRST TIME HOME BUYERS - this is an opportunity you don't want to miss! Welcome to this legal duplex in the heart of Stanley Park, offering excellent income potential and versatility. The main floor features a spacious 4-bedroom unit, perfect for families, while the fully self-contained lower level offers a well-designed 2-bedroom unit - ideal for rental income or multi-generational living. Each unit includes its own dedicated parking, with 2 spots for the upper unit and 2 spots for the lower unit, as well as separate laundry in each unit - providing convenience for both owners and tenants. Situated on a large lot, this property offers outdoor space with plenty of potential. Located in a highly desirable neighbourhood close to shopping, transit routes, and with quick access to Highway 401, this property combines location, flexibility, and strong investment appeal. Whether you're looking to get into the market, live in one unit and rent the other, or add to your investment portfolio - this property checks all the boxes! (id:65958)

Subtype: Multi-family
Architectural style: Raised bungalow
Structure: Duplex
Lot dimensions: 52.2 x 130.1 FT
Bedrooms: 4 above grade, 2 below grade
Parking: 4 total
Stories: 1
On market: Apr 9, 2026
Status changed: Apr 15, 2026
Annual tax: $4,776 (2026)
Photos: 33
MLS#: X12977888
Area: KITCHENER

Features and systems

Parking

Attached GarageGarage

Basement

FinishedFullSeparate entranceN/AN/A

Appliances

WasherRefrigeratorWater softenerDishwasherStoveDryerMicrowaveGarage door opener

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickVinyl siding

Foundation

Poured Concrete

Lot

Irregular lot size

Negative cash flow ~$1,566/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.76%

Cap rate

3.54%

GRM

16.6

Break-even rent

$5,649

Financing

Down payment$159,800

Loan amount$639,200

Mortgage$3,921/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$366

Insurance$80

Maintenance$666

CapEx reserve$333

Vacancy loss$200

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle 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.

Mortgage estimate

Estimated $3,921/mo at 5.49% with 20% down, 25-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 15, 2026.