Cheapest 2-Bed Condo in Kitchener   Available

  • $249,999
  • 2 beds
  • 1.5 baths
  • 1104 sqft

Cheapest 2-Bed Condo in Kitchener  

$50K BELOW As-Is Value!

Great End-User or Rental Opportunity  
Kehl Street, Kitchener
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Kehl Street, Kitchener
Offer Date: FIRST COME FIRST SERVED
Closing Date: February 25th, 2026** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success

  • End-User / First-Time Buyer: Move-in ready condo perfect for a first-time homeowner seeking immediate occupancy.
  • Turnkey Rental Opportunity: Investor-friendly condo offering reliable rental income of around $2,000/month. A solid buy-and-hold opportunity with strong demand and consistent cash flow potential.

Property Overview

Details

  • Condo
  • Beds: 2
  • Baths: 1.5
  • 1,104 sqft above ground
  • Patio
  • 1 designated underground parking space
  • Main floor
  • Western exposure
  • No locker
  • No balcony
  • Built in 1974

Mechanical & Systems

  • Electrical: Breakers, 120 amp as per Seller (Buyer to verify)
  • Heating: Wall-mounted heating unit, 15 years old as per Seller (Buyer to verify) and baseboard electrical heaters
  • A/C: Wall-mounted cooling unit, 15 years old as per Seller (Buyer to verify)
  • Maintenance fee: $451/month
    • Covers building insurance, building maintenance, landscaping, water and windows
  • Appliances included: Fridge, stove in AS-IS condition

Amenities

  • Pool, coin-operated laundry

Lot & Location

  • Property taxes are $1,973
  • SGA-2 Zoning
  • 5-minute drive to Conestoga Parkway

Important Notes

  • Seller has the option to leave junk behind—budget recommended for junk removal
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The Numbers

We are selling our assignable purchase contract for this excellent End-User or Buy & Rent opportunity.

  • Wholesale Price: $249,999 or Best Offer
  • We believe that this property is worth $300,000 as-is on the MLS
  • Purchase today for $50K BELOW AS-IS VALUE

Comparable Analysis

504-185 Kehl Street sold for $319,900 in April 2025. This comparable condo features 2 bedrooms, 2 bathrooms, and one underground parking space. It is slightly smaller in size than the subject at 900-999sqft according to the listing and is in worse shape, having carpet compared to the subject’s vinyl, basic baseboards and what appears to be unlevelling of the floor in the dining room. After adjusting for square footage, condition and interior finish, as well as recognizing that this sale occurred in a stronger market, we believe the subject property would be expected to sell for approximately $300,000 on the MLS in as-is condition.
Price:
$249,999
Address:
Kehl Street
Kitchener, Ontario
Square Feet:
1104
Bedrooms:
2
Bathrooms:
1.5
Terms:
Assignment of Contract
Property Type:
Condo
Year Built:
1974
Basement:
N/A

Call 647-930-0291 for more details

Property Location