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Listed 1 month ago

24 Davidson Street

, Cambridge

$550,000

Detached|2-Storey
3 | 3 | 1
About this home

Opportunity awaits! Freestanding building that provides for a Commercial Use in a Residential Zone, with over 2800sqft of space, within walking distance to Downtown West Galt, the Gaslight District, Grand River, Parks, Walking Trails, Grocery Store and Shopping. Features single car garage.with over 2800sqft of space, within walking distance to Downtown West Galt, the Gaslight District, Grand River, Parks, Walking Trails, Grocery Store and Shopping. Features single car garage. **Property cannot be used as a Residence**

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$650
Lot Size24.04 ft x 75.13 ft
mls© NumberX13732862
Listed ByROYAL LEPAGE SIGNATURE REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,815
Property tax
$54
Heat allowance
$150
Housing costs
$3,019 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $110,000
25-yr amortization

Income needed

$93,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$110,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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