Discover Your Dream Home in Forest Hill: All-Brick Bungalow with Income Potential!
Main Highlights:
- Listed Price: $879,900
- Charming all-brick bungalow in the highly desirable Forest Hill neighbourhood, Kitchener
- Bright main floor with upgraded kitchen, hardwood floors, and oversized windows
- Spacious, fully fenced yard with southern exposure for all-day sun
- Convenient walkout from the living/dining area to the backyard
- Lower-level in-law suite/mortgage helper with nearly 1000 sq. ft., 2 bedrooms, full bath, and own laundry
- A quiet family-friendly area, close to schools, shopping, Lakeside Park, St. Mary’s Hospital, and Hwy 8
Key Facts:
- Annual Tax: $4, 137 / 2024
- Property Type: Single Family Residence, Bungalow
- Year Built: 1962
- Size: 1069 feet²
- Lot Dimensions: 53 x 112 feet
- Parking: 0 garage, 6 parking
- Basement: Finished, Separate Entrance
Our Take – Why do we think this is a good deal?
This property is a fantastic deal because it offers prime living in Kitchener’s sought-after Forest Hill neighbourhood. The all-brick bungalow is not only charming but also well-maintained, with tasteful upgrades that make it move-in ready.
With a large, fully fenced yard offering southern exposure and all-day sun, the outdoor space is ideal for both relaxation and entertaining.
Additionally, the separate, self-contained lower-level suite provides a valuable opportunity for extra living space, rental income, or an in-law suite, adding great versatility to the home.
Numbers are given below –
How much it will cost you to buy this property?
If you plan to buy this property and lock the deal below 3% of the current listing price, you will need about $182K to cover all closing costs. Below is a detailed cost breakdown:
| Buying Price | 853,503 |
| Down Payment (20%) | 170,701 |
| Closing fees (Approx.) | 11,488 |
| Total Funds required at closing | 182,188 |
How much will it cost you monthly to hold this property?
If the mortgage interest rate is approximately 5% and the amortization period spans 25 years, your monthly mortgage payment would be around $ 3,230 to maintain ownership of this property. Here’s a detailed breakdown:
| Mortgage Payment | 3,604 |
| Property Taxes (Approx.) | 345 |
| Condo fee | 0 |
| Total monthly cost | 3,949 |
I am interested in knowing about this property or wanting to book a showing WhatsApp us.