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$739,990

Q Condos - 20 Queen St N - 1308_1l - Kitchener, ON, N2H 2G8

MLS® # PB336-1308_1L

2.0 Beds

2 Baths

783 sqft

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 2.0
  • Floor Space (approx): 783

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

70.1%

Cumulative Market Appreciation

$204,445

Net Operating Income in Year 5

$17,123

Cash on Cash Return in Year 5

-8.4%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$
Mortgage Amount $566,993
Mortgage Payment
%
$2,941

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,908
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $768
Net Operating Income $1,140
Debt Service
Mortgage Payment $2,941
Net Cash Flow -$1,801

Acquistion Costs

Deposit $172,997
Land Transfer Tax $11,274
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $0
Total Acquisition Costs $200,771

Deposit Schedule

With the Offer $2,500
Deposit @ 30 days $0
Deposit @ 60 days $2,500
Deposit @ 90 days $2,500
Deposit @ 120 days $2,500
Deposit @ 150 days $2,500
Deposit @ 180 days $2,500
Deposit @ 210 days $2,500
Deposit @ 240 days $73,999
Deposit @ 270 days $36,999
Deposit @ 300 days $2,500
Deposit @ 330 days $2,500
Deposit @ 365 days $36,999
Due on Occupancy $2,500
Total Deposit $172,997
Closing Date Jun 1, 2026

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $133,498$39,499 - - - - - - - -
Closing Costs - $27,774 - - - - - - - -
Mortgage Paydown - $5,095$9,066$9,502$9,959$10,437$10,939$11,465$12,016$12,594
Total $133,498$72,368$9,066$9,502$9,959$10,437$10,939$11,465$12,016$12,594
Cash Invested $133,498$205,866$214,933$224,435$234,395$244,832$255,772$267,237$279,254$291,848
Rental Cash Flows
Rent and other income - $13,359$23,477$24,486$25,539$26,637$27,783$28,977$30,224$31,523
Operating Expenses - -$5,378-$9,355-$9,592-$9,836-$10,087-$10,346-$10,611-$10,885-$11,167
Mortgage Payment - -$20,593-$35,302-$35,302-$35,302-$35,302-$35,302-$35,302-$35,302-$35,302
Net Cash Flow - -$12,611-$21,181-$20,408-$19,599-$18,752-$17,865-$16,936-$15,964-$14,946
Returns
Property Price Appreciation $36,999$38,849$40,791$42,831$44,973$47,221$49,582$52,062$54,665$57,398
Mortgage Paydown - $5,095$9,066$9,502$9,959$10,437$10,939$11,465$12,016$12,594
Net Cash Flow - -$12,611-$21,181-$20,408-$19,599-$18,752-$17,865-$16,936-$15,964-$14,946
Total Return $36,999$31,333$28,677$31,925$35,332$38,907$42,657$46,590$50,717$55,045
Cumulative Return $36,999$68,332$97,010$128,935$164,268$203,175$245,832$292,423$343,140$398,186
Investment Metrics
Cumulative ROI 27.7% 33.2% 45.1% 57.4% 70.1% 83.0% 96.1% 109.4% 122.9% 136.4%
Cash On Cash - -6.1% -9.9% -9.1% -8.4% -7.7% -7.0% -6.3% -5.7% -5.1%

Location of 1308_1l-20 Queen St N, Kitchener, ON, N2H 2G8

Demographic Information of 1308_1l-20 Queen St N, Kitchener, ON, N2H 2G8

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$98,102.31

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.74 %

High school certificate or equivalent

26.89 %

Apprenticeship trade certificate/diploma

4.01 %

College/non-university certificate

18.27 %

University certificate (below bachelor)

2.09 %

University Degree

35.0 %

Commuter

Travel To Work

By Car

64.53 %

By Public Transit

16.07 %

By Walking

13.16 %

By Bicycle

0.99 %

By Other Methods

5.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

89.67 %

Houses

10.33 %

Own Vs. Rent