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Property Type: Detached HouseOwnership: Freehold
84 AMHERST Drive
Kitchener, ON N2P1C9
MLS® 40866103
$720,000
6 bed2 bath6 parking1,871 sqftBuilt 1978
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 55 feet
R2A
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,241
Interior
- Basement
- Finished, Full
- Heating
- Hot water radiator heat, Natural gas
- Cooling / A/C
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Basement | 19'0'' x 10'0'' |
| Bedroom | Basement | 8'0'' x 8'0'' |
| 4pc Bathroom | Basement | — |
| Bedroom | Basement | 11'2'' x 10'3'' |
| Laundry room | Basement | — |
| Recreation room | Main level | 10'8'' x 19'6'' |
| 4pc Bathroom | Third level | — |
| Bedroom | Third level | 9'5'' x 12'3'' |
| Bedroom | Third level | 10'0'' x 13'0'' |
| Primary Bedroom | Third level | 10'10'' x 14'7'' |
| Kitchen | Second level | 12'10'' x 10'7'' |
| Dining room | Second level | 11'5'' x 9'0'' |
| Living room | Second level | 12'0'' x 17'8'' |
Description
Home is currently rented for $4200/month **Attention Investors! and parents** Welcome to **84 Amherst Drive**, a turnkey investment opportunity in a highly desirable location. Situated just a short walk from Conestoga College and only minutes from Highway 401, this property offers strong rental demand and excellent long-term potential. This well-maintained home features **6 spacious bedrooms** and **2 full bathrooms**, making it ideal for student rentals or multi-tenant occupancy. The low-maintenance exterior helps keep operating costs down, while the **walk-up basement** provides exciting potential for a future duplex conversion . Parking is never an issue, with space for **5 vehicles in the driveway** plus **1 in the attached garage**. Best of all, the property is **already leased for the 2026 school year**, providing immediate rental income from day one. Whether you're looking to expand your investment portfolio or secure a cash-flowing property in a prime location, **84 Amherst Drive** is an opportunity you won't want to miss. recent upgrades - Driveway 2024, hvac 2021, hotwater tank 2023, new stove 2022, basement flooring 2024. (id:63159)
Listing Information
- MLS®
- 40866103
- Data last synced
- October 10, 2026
Zolo Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Zolo Realty
MLS® Number: 40866103
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
$385/sqft
Building average
—
No other active listings in this building
335 - Pioneer Park/Doon/Wyldwoods average
$390/sqft
75 active listing(s)
Parking: 6 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: 6.5% ($47,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$576,000.00
Periodic payment — Principal & Interest (monthly)$3,716.16
Additional monthly expenses (condo fees, tax, utilities, etc.)$614.08
Total monthly cost$4,330.24
Interest paid over 5-yr term$165,083.26
Balance at end of term$518,113.86
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$47,000
Stress test qualifying rate8.19%
Payment you must qualify for$5,218.27
Cash Needed at Closing
Minimum down payment$47,000
Estimated Land Transfer Tax (LTT)$10,875
Legal / closing costs (typical estimate)$1,500
Total cash needed$59,375
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.
