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Property Type: Detached HouseOwnership: Freehold
58 AMHERST DRIVE
Kitchener, ON N2P1C9
MLS® X13790944
$770,000
7 bed2 bath5 parking
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 45.1 x 100.4 FT
- Frontage
- 45.1 feet
R2A
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,359
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | — |
| Bedroom | Main level | — |
| Bedroom | Main level | — |
| Bedroom | Main level | — |
| Bedroom | Second level | — |
| Bedroom | Second level | — |
| Bedroom | Second level | — |
| Recreational, Games room | Basement | — |
| Bedroom | Basement | — |
Description
6+1 bedroom, positive cash flow student rental just steps from Conestoga College and minutes to the 401! This turn-key investment features two full bathrooms, two fridges, a stove, and dishwasher included. Enjoy a completely carpet-free interior throughout the entire home. The spacious backyard offers deck access from one room and direct yard access from another -perfect for tenants to unwind. The roof was replaced in 2016 and the common areas were freshly painted in 2017. The A/C was updated in 2026, and there's a rented water heater for year-round comfort. Safety first: the house has passed Fire Department inspection, with a city-installed Direct Detect fire alarm system providing 24-hour smoke monitoring throughout. A fantastic turn-key opportunity for investors seeking reliable cash flow! (id:63159)
Listing Information
- MLS®
- X13790944
- Data last synced
- September 17, 2026
NEW ERA REAL ESTATE
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: NEW ERA REAL ESTATE
MLS® Number: X13790944
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Kitchener average
$400/sqft
504 active listing(s)
Parking: 5 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Kitchener-Waterloo
4°C
Mist
Humidity 97%
Wind N 4 km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
256,885
(2021 Census)
+10.1% since 2016
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 6.8% ($52,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$616,000.00
Periodic payment — Principal & Interest (monthly)$3,974.22
Additional monthly expenses (condo fees, tax, utilities, etc.)$446.58
Total monthly cost$4,420.81
Interest paid over 5-yr term$176,547.37
Balance at end of term$554,093.99
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$52,000
Stress test qualifying rate8.19%
Payment you must qualify for$5,567.19
Cash Needed at Closing
Minimum down payment$52,000
Estimated Land Transfer Tax (LTT)$11,875
Legal / closing costs (typical estimate)$1,500
Total cash needed$65,375
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
