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Property Type: Detached HouseOwnership: Freehold
939 STRASBURG Road
Kitchener, ON N2E1T6
MLS® 40843513
$699,999
4 bed2 bath5 parking2,187 sqftBuilt 1978
Property Details
Property & Lot
- Sub-type
- House
- Style
- Raised bungalow
- Stories
- 1
- Frontage
- 50 feet
R2A
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,330
Interior
- Basement
- Finished, Full
- Heating
- Forced air
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Other | Basement | 11'4'' x 14'7'' |
| 3pc Bathroom | Basement | 3'8'' x 6'9'' |
| Kitchen | Basement | 8'5'' x 10'11'' |
| Bedroom | Basement | 9'3'' x 13'7'' |
| Living room | Basement | 11'3'' x 21'9'' |
| Bedroom | Main level | 8'9'' x 9'4'' |
| Bedroom | Main level | 9'3'' x 13'3'' |
| Primary Bedroom | Main level | 11'4'' x 13'2'' |
| 3pc Bathroom | Main level | 4'11'' x 9'4'' |
| Kitchen | Main level | 14'9'' x 9'3'' |
| Living room | Main level | 11'7'' x 23'9'' |
Description
For more info on this property, please click the Brochure button. Vacant Possession – Turnkey House-Hacking or Investment Opportunity in Alpine Village. Set your own rents immediately. This 2,187 sqft raised bungalow is being offered completely vacant, making it a perfect blank slate for an investor looking for cash flow, or a buyer looking to live in one unit while the other covers the mortgage. The Financials & Upgrades: Proven Income: Strong rental history. Offered vacant and ready to command current market rates of $4,000/month ($2,500/month Main Floor + $1,500/month Lower Level). Low OpEx: Historically structured so tenants pay their own utilities and handle all lawn maintenance. Major CapEx Completed: Brand new windows and a 3-year-old roof mean your near-term capital expenses are already handled. The main level offers 3 bedrooms and a full bath, while the lower level serves as a self-contained 1-bedroom income suite featuring a separate entrance, second kitchen, and second laundry. Situated on a quiet street steps from groceries, shopping, and dining, making it incredibly easy to attract quality tenants. Move-in ready with a 1-car garage and large backyard. (id:63159)
Listing Information
- MLS®
- 40843513
- Data last synced
- October 8, 2026
Easy List Realty Ltd.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Easy List Realty Ltd.
MLS® Number: 40843513
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
$320/sqft
Building average
—
No other active listings in this building
331 - Alpine Village/Country Hills average
$441/sqft
12 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: 6.4% ($45,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$559,999.00
Periodic payment — Principal & Interest (monthly)$3,612.92
Additional monthly expenses (condo fees, tax, utilities, etc.)$469.83
Total monthly cost$4,082.76
Interest paid over 5-yr term$160,497.32
Balance at end of term$503,720.91
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$45,000
Stress test qualifying rate8.19%
Payment you must qualify for$5,078.69
Cash Needed at Closing
Minimum down payment$45,000
Estimated Land Transfer Tax (LTT)$10,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$56,975
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.
