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Property Type: Condo / ApartmentOwnership: Condominium
64 BENTON Street Unit# 304
Kitchener, ON N2G4L9
MLS® 40832067
$165,000
1 bed1 bath617 sqft
Amenities
Gym
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
D5
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $902/mo
- Annual property tax
- $1,492
Maintenance Fee Includes
WaterManagement
Also included: Landscaping, Insurance
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 13'3'' x 6'9'' |
| Living room | Main level | 12'1'' x 20'9'' |
| Primary Bedroom | Main level | 11'2'' x 10'2'' |
| 4pc Bathroom | Main level | 8'7'' x 7'11'' |
Description
TURNKEY INVESTMENT OPPORTUNITY WITH TENANT IN PLACE! An excellent opportunity for investors looking to add an affordable, low-maintenance property to their portfolio with immediate rental income. This 1-bedroom, 1-bath downtown Kitchener condo is tenanted beginning September 1, 2026, with the purchaser assuming the existing lease and enjoying income from day one. Recent updates include flooring and kitchen cabinetry, while the functional layout offers a bright living area, spacious bedroom, 4-piece bathroom, private balcony, and an owned storage locker for additional convenience. Located in the heart of downtown Kitchener, the property is just steps to the LRT, GO Transit, Kitchener Market, restaurants, cafes, Victoria Park, shopping, and Kitchener’s thriving tech corridor. It’s also conveniently located near the University of Waterloo Downtown Health Sciences Campus, with direct LRT access to both universities, making this an attractive rental location with broad tenant appeal. The building features secure entry, on-site laundry, a fitness room, and a library/lounge area. Whether you’re a seasoned investor or looking to purchase your first investment property, this is an opportunity to acquire an affordable downtown condo with a tenant already in place, eliminating the time and expense of securing one yourself. Some photos have been virtually staged. (id:63159)
Listing Information
- MLS®
- 40832067
- Data last synced
- October 2, 2026
RE/MAX SOLID GOLD REALTY (II) LTD.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX SOLID GOLD REALTY (II) LTD.
MLS® Number: 40832067
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 Cornerstone Association of REALTORS®.
Values & Trends
This listing
$267/sqft
Building average
—
No other active listings in this building
313 - Downtown Kitchener/W. Ward average
$527/sqft
116 active listing(s)
Parking: Not indicatedStorage 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
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($8,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$132,000.00
Periodic payment — Principal & Interest (monthly)$851.62
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,057.23
Total monthly cost$1,908.85
Interest paid over 5-yr term$37,831.58
Balance at end of term$118,734.43
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$8,250
Stress test qualifying rate8.19%
Payment you must qualify for$1,215.40
Cash Needed at Closing
Minimum down payment$8,250
Estimated Land Transfer Tax (LTT)$1,375
Legal / closing costs (typical estimate)$1,500
Total cash needed$11,125
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.