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Step 1 – Pick a goal

Why did you first become interested in buying an income property? Do you want ongoing cash flow or are you planning to use it for your retirement fund? Think in terms of how much income you’re looking to generate and the time frame you want to work with. 

Step 2 – What is your strategy?

What investment strategy are you planning to follow? You could do house flipping, rent-to-own, buy and hold, a mix of flip and hold, or a joint venture with an investor. Your choice of strategy will depend on a bunch of different factors including available funding and risk tolerance.

Step 3 – What can you afford?

If you are buying a second property you will need to find a lender and a minimum of 20% for the down payment. Make sure you are approved for financing before potentially jeopardizing an offer. 

Step 4 – Talk to an investment real estate expert

Your Realtor should be able to help you narrow down some options for potential properties. The information you gathered in the previous steps will help them find an income property for you based on your investment strategy. 

Step 5 – Compare your options!

Look at the numbers on each investment property to compare and make the best choice for you. Take into consideration your mortgage and tax payments, utilities, vacancy allowance, estimated budget for repairs, upgrades and property management. 

Step 6 – Buy your income property

It’s time to invest! You’ve crossed your t’s, dotted your i’s and found the right income property for you. Buying your first income property doesn’t have to be a complicated venture. An experienced Realtor like me will make the process easier by offering insight and guidance. 

Step 1 – Pick a goal

Why did you first become interested in buying an income property? Do you want ongoing cash flow or are you planning to use it for your retirement fund? Think in terms of how much income you’re looking to generate and the time frame you want to work with.

Step 2 – What is your strategy?

What investment strategy are you planning to follow? You could do house flipping, rent-to-own, buy and hold, a mix of flip and hold, or a joint venture with an investor. Your choice of strategy will depend on a bunch of different factors including available funding and risk tolerance. 

Step 3 – What can you afford?

If you are buying a second property you will need to find a lender and a minimum of 20% for the down payment. Make sure you are approved for financing before potentially jeopardizing an offer. 

Step 4- Talk to an investment real estate expert

Your Realtor should be able to help you narrow down some options for potential properties. The information you gathered in the previous steps will help them find an income property for you based on your investment strategy.

Step 5 – Compare your options!

Look at the numbers on each investment property to compare and make the best choice for you. Take into consideration your mortgage and tax payments, utilities, vacancy allowance, estimated budget for repairs, upgrades and property management.

Step 6 – Buy your income property

It’s time to invest! You’ve crossed your t’s, dotted your i’s and found the right income property for you. Buying your first income property doesn’t have to be a complicated venture. An experienced Realtor like me will make the process easier by offering insight and guidance. 

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508 20 St George Street

311 - Downtown/Rockway/S. Ward Kitchener N2G 2S7

$300,000

Residential beds: 1 baths: 1.0 839 sq. ft. built: 2001

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• Details
• Photos
• Videos
• Map

Status:

Active

Prop. Type:

Residential

MLS® Num:

40839856

Bedrooms:

1

Bathrooms:

1

Year Built:

2001

• Photos (43)

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Welcome to Sandhills Retirement Community (50+), a well-established, smoke-free, not-for-profit community located in Kitchener's desirable Victoria Park Heritage District. Enjoy a welcoming atmosphere, active lifestyle, and convenient access to Victoria Park, churches, shopping, public transit, the ION LRT, Kitchener Market, and downtown amenities. This bright and spacious suite offers 839 sq ft of comfortable living space filled with natural light. The open living and dining area offers ample space to relax or entertain while enjoying peaceful views. The private balcony, with outdoor carpeting, a table, and two chairs. Overlooking the church parking area, surrounding buildings, and mature greenery, it offers a peaceful place to enjoy your morning coffee or unwind at the end of the day. The kitchen features ample cupboard and counter space and includes a fridge, stove, dishwasher, washer, and dryer. A valuable benefit of Sandhills living is that appliances, heating, and air conditioning maintenance and replacement are managed by the community, helping make everyday living worry-free. The spacious primary bedroom offers a comfortable retreat, while the bright den with its own closet provides flexible space for guests, hobbies, or a home office and can easily be converted into a 2ND BEDROOM. The bathroom has been updated with a walk-in shower for easier accessibility, and California shutters throughout add style and privacy. Included with the unit is a storage locker and an owned underground parking space purchased separately by the owner. The parking space is currently rented on a month-to-month basis, offering potential supplemental income or future personal use. Residents enjoy access to a community lounge, library, and a variety of social activities. This Life Lease community offers no land transfer tax or legal closing costs. Please note residences are owner-occupied only, rentals are not permitted, and traditional mortgage financing is generally not available.

General Info:

Property Type:

Residential

Property SubType:

Condo/Apt Unit

Year built:

2001 (Age: 25)

Listing General Location:

311 - Downtown/Rockway/S. Ward, 3 - Kitchener West

Bedrooms:

1

Bathrooms:

1.0 (Full:1/Half:0)

Lot Details:

0 x

Lot Frontage:

0'0 m

Frontage Type:

North

Kitchens:

1

County Or Parish:

Waterloo

Taxes:

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Additional Info:

Property Attached:

Attached

Features:

Attached Garage: No, Crops Included: No, Garage: Yes, Common Elements Fee: Yes, New Construction: No

Building Name:

Sandhills

Construction:

Brick, Concrete

Foundation:

Poured Concrete

Roof:

Flat

Number of Buildings:

0

Total Floor Area:

839 sq. ft.77.9 m2

# Main Level Bedrooms:

1

# Main Level Bathrooms:

1

Finished Area Above Grade:

839 sq. ft.77.9 m2

Fireplace:

false

Laundry Features:

In-Suite

Water Supply:

Municipal

Water Treatment:

Water Softener

Sewer:

Sewer (Municipal)

Cooling:

Central Air

Heating:

Hot Water, Forced Air

Features Included:

Carbon Monoxide Detector,Dishwasher,Dryer,Microwave,Range Hood,Refrigerator,Smoke Detector,Stove,Washer,Window Coverings

Appliances Included:

Water Heater, Water Softener, Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Stove, Washer

Interior Features:

Elevator, Separate Heating Controls, Separate Hydro Meters

Window Features:

Window Coverings

Exterior Features:

Balcony, Controlled Entry

Association Amenities:

Elevator(s), Industrial Water Softener, Library, Party Room, Parking

Patio And Porch Features:

Open, Patio

Waterfront:

false

Docking:

No

Directions:

VISITOR PARKING IS OFF OF QUEEN ST. S ENTRANCE ACROSS FROM JOSEPH STREET AT TRAFFIC LIGHT INTERSECTION.

Senior Community:

No

Security Features:

Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s), Smoke Detector(s)

Pets Allowed:

Yes

Room Information:

Floor

Type

Size

Other

Main Floor

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Main Floor

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Main Floor

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Main Floor

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Main Floor

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Bathrooms:

Floor

Ensuite

Pieces

Other

Main Floor

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Financial Info:

HST Applicable To Sale Price:

Included

Association Fee:

Signup

Association Fee Frequency:

Signup

Association Fee 2:

Signup

Association Fee 2 Frequency:

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Association Fee Includes:

Association Fee,Insurance,Building Maintenance,C.A.M.,Central Air Conditioning,Common Elements,Doors ,Maintenance Grounds,Parking,Trash,Property Management Fees,Roof,Snow Removal,Water,Water Heater, Assoc./Building Ins./Maintenance, Common Elements

Association Fee Remarks:

Includes Appliance + HVAC Repair + Replacement

Administrative Fee:

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Features:

Attached Garage: No, Crops Included: No, Garage: Yes, Common Elements Fee: Yes, New Construction: No

Road Access Fee:

Signup

Condo Corporation:

No

Legal Info:

Zoning:

SGA-3

Land Info:

Exposure / Faces:

South

Lot Site Features:

Urban, Ample Parking, Business Centre, City Lot, Hospital, Library, Park, Place of Worship, Public Parking, Public Transit, Rail Access, Shopping Nearby, Trails

Features:

Attached Garage: No, Crops Included: No, Garage: Yes, Common Elements Fee: Yes, New Construction: No

Garage Description:

P1

Garage Spaces:

1.0

Parking Places Covered:

1.0

Parking:

Built-In

# Of Total Parking Spaces:

1.0

# Of Open Parking Spaces:

0.0

Driveway Parking:

Visitor Parking

Residential Revenue Info:

Total Units:

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Listing Info:

Listed Date:

Jun 15, 2026

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Listed by KELLER WILLIAMS INNOVATION REALTY

Data was last updated August 13, 2026 at 11:50 AM (UTC)

Area Statistics

Listings on market:

27

Avg list price:

$429,900

Min list price:

$220,000

Max list price:

$899,900

Avg days on market:

37

Min days on market:

2

Max days on market:

195

Avg price per sq.ft.:

$351.53

These statistics are generated based on the current listing's property type and located in 311 - Downtown/Rockway/S. Ward. Average values are derived using median calculations. This data is not produced by the MLS® system.

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• BIANCA MARIJAN
• CITY BROKERAGE
• 1 (905) 9201926
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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the London and St. Thomas Association of REALTORS®. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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