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Investment signal

$689,000

138 GLASGOW Street

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Beds

Baths

Sqft

—

Year

1925

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

Welcome to 138 Glasgow St, Kitchener, a fully renovated 1,350 sq ft home sitting on a rare 40 x 120 ft lot – deep enough for future laneway house potential . The side door entrance allows for a separate basement access, creating an excellent opportunity to add rental income through a basement unit. Located just steps from Belmont Village, you'll enjoy local favourites like The Bauer Kitchen, Café Pyrus Outpost, Sobeys, and William's, and you're only minutes to Victoria Park, Westmount Golf & Country Club, and the Iron Horse Trail for walking and biking. Westmount Public School is within walking distance, and the Google Waterloo office is a quick commute away – making this an ideal investment property for cash flow, future development, or both. (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: House
Community: 415 - Uptown Waterloo/Westmount
Common interest: Freehold
Living area: 1,350 square feet
Bedrooms: 3 above grade, 0 below grade
Parking: 3 total
Stories: 2
On market: Apr 11, 2026
Status changed: Apr 14, 2026
Annual tax: $3,921
Zoning: R2B
Photos: 27
MLS#: 40819499
Area: KITCHENER

Features and systems

Parking

Detached Garage

Basement

UnfinishedPartial

Appliances

WasherRefrigeratorWater meterWater softenerDishwasherStoveDryer

Heating

Natural gas

Cooling

None

Exterior

BrickVinyl siding

Lot

Paved driveway

Negative cash flow ~$772/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

-6.73%

Cap rate

3.52%

GRM

16.6

Break-even rent

$4,263

Financing

Down payment$137,800

Loan amount$551,200

Mortgage$2,793/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$316

Insurance$80

Maintenance$574

CapEx reserve$287

Vacancy loss$173

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 $2,793/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 14, 2026.