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HomeBlogsReal EstateExplore This Stunning Bungalow in Forest Hill – The Perfect Family Home...

Explore This Stunning Bungalow in Forest Hill – The Perfect Family Home with Added Income!

Discover Your Dream Home in Forest Hill: All-Brick Bungalow with Income Potential!

  • 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
  • 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

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 –  

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:

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:

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