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Investment signal

$999,000

31 BINGEMAN STREET

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Beds

Baths

Sqft

—

Year

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Type

Multi-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

Looking for a mortgage helper, turnkey income property, long-term investment, development opportunity or triple garage right in the heart of Kitchener? Then 31 Bingeman is worth exploring! This well-maintained triplex offers three large, bright and spacious units with attractive layouts that appeal to both owners and tenants alike. Live in one unit - offset the mortgage with the other 2! Each unit is separately metered for hydro, plus huge detached garage with hydro too- great for workshop, extra vehicles, additional rental income, hobby space, potential storage, etc - so many possibilities! In addition to a great house-hack opportunity, savvy investors will love this for a stable multi-residential property in a growing market. Situated on a large 8,999 sq ft lot, the property offers tons of parking, and long-term upside as the city continues to grow. For those seeking larger development potential and income - let your imagination fly! The generous lot size also presents potential future opportunities such accessory dwelling unit/sever and multiplex/ further residential development etc. Located close to transit, shopping, restaurants, key amenities. Just around the corner from Centre in the Square and Kitchener public Library, quick walk to LRT City Hall Station and Brubacher Green Park. This versatile property offers good current income with exciting future potential. Must see! (id:65958)

Subtype: Multi-family
Structure: Triplex
Lot dimensions: 66 x 136 FT
Bedrooms: 7 above grade
Parking: 9 total
Stories: 2
On market: Apr 11, 2026
Status changed: Apr 26, 2026
Annual tax: $6,281.32 (2025)
Photos: 48
MLS#: X12986430
Area: KITCHENER

Features and systems

Parking

Detached GarageGarage

Basement

Partially finishedN/A

Appliances

Water meter

Heating

Radiant heatForced airNot knownNot knownNatural gasOther

Cooling

Central air conditioning

Exterior

BrickAluminum siding

Foundation

Block

Negative cash flow ~$1,086/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

-6.52%

Cap rate

3.56%

GRM

16.6

Break-even rent

$6,143

Financing

Down payment$199,800

Loan amount$799,200

Mortgage$4,049/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$458

Insurance$80

Maintenance$833

CapEx reserve$416

Vacancy loss$250

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 $4,049/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 26, 2026.