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Investment signal

$280,000

55 GREEN VALLEY Drive Unit# 1409

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Beds

2

Baths

2

Sqft

Year

1989

Type

Single Family

Suite

Suite potential

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

Attention Investors & First-Time Buyers! The Meadowfield Model offers 920 sq ft incredible potential—a 2-bedroom, 2-bath condo with a beautiful view, insuite laundry priced to sell and ready for your personal touch. A little updating will go a long way in adding value. With low condo fees and one underground parking spot included, this is an ideal entry point into the market or a solid addition to your portfolio. Vacant and available for immediate possession—start earning rental income or move in without delay. The well-maintained building features top-tier amenities: indoor pool, sauna, gym, party room, car wash, and three elevators for easy access. Steps to shopping, close to Conestoga College, and just minutes to Hwy 401 and 7/8. Transit routes right outside make this a commuter-friendly location. Don’t miss out on this POS. Strictly in an AS IS basis - NO WARRANTIES! CALL your agent to book a showing today! (id:65958)

Subtype
Single Family
Structure
Apartment
Community
335 - Pioneer Park/Doon/Wyldwoods
Common interest
Condo/Strata
Living area
920 square feet
Bedrooms
2 above grade, 0 below grade
Parking
1 total
Condo/HOA fee
$540 monthly
Stories
1
On market
Mar 27, 2026
Status changed
Apr 30, 2026
Annual tax
$2,252.05
Zoning
R2DC5
Photos
45
MLS#
40812013
Area
KITCHENER

Features and systems

Parking

UndergroundVisitor Parking

Basement

None

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Baseboard heatersElectric

Cooling

Wall unit

Exterior

Stucco

Lot

Southern exposureBacks on greenbeltConservation/green beltPaved driveway

Community

Quiet AreaSchool Bus

Pool

Indoor pool

Security

Alarm system

Fee includes

LandscapingProperty ManagementWaterInsuranceParking
Positive cash flow ~$112/mo at these assumptions

Cash on cash

2.39%

Cap rate

5.34%

GRM

12.3

Break-even rent

$1,782

Financing

Down payment$56,000
Loan amount$224,000
Mortgage$1,135/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$128
Insurance$80
Maintenance$233
CapEx reserve$117
Vacancy loss$95

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.

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.

Mortgage estimate

Estimated $1,135/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 30, 2026.

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