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Investment signal

$699,000

28 HOFFMAN STREET

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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

Turn Key Opportunity in a Desirable Neighbourhood. This Newly Renovated 3 Bedroom Raised Bungalow includes a Fully Finished In-Law Suite with a Separate Entrance, Offering Excellent Potential for Multi-Generational Living or Rental Income. The Main Level features an Upgraded Kitchen with Quartz Counters and Stainless Steel Appliances, Open Concept Living, Three Spacious Bedrooms and a Modern 4pc Bathroom. The Lower Suite proves a Bright Living Area, Kitchenette, Updated Bathrooms and a Private Bedroom. Situated minutes from Major Highways and Essential Amenities. This Property offers Strong Cash Flow Potential and Convenience for Tenants or Extended Family. Ideal for Investors or Homeowners looking to offset Mortgage Costs. (id:65958)

Subtype: Single Family
Architectural style: Raised bungalow
Structure: House
Common interest: Freehold
Lot dimensions: 60 x 100 FT
Bedrooms: 3 above grade, 1 below grade
Parking: 3 total
Stories: 1
Fireplace: Yes
On market: Apr 27, 2026
Status changed: Apr 27, 2026
Annual tax: $4,165
Photos: 47
MLS#: X13049458
Area: KITCHENER

Features and systems

Parking

Garage

Basement

FinishedSeparate entranceN/AN/A

Appliances

DishwasherTwo stovesWindow CoveringsTwo Refrigerators

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Flooring

Laminate

Foundation

Poured Concrete

Lot

In-Law Suite

Negative cash flow ~$783/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

-6.72%

Cap rate

3.52%

GRM

16.6

Break-even rent

$4,324

Financing

Down payment$139,800

Loan amount$559,200

Mortgage$2,833/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$320

Insurance$80

Maintenance$583

CapEx reserve$291

Vacancy loss$175

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 $2,833/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 27, 2026.