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Listed 29 days ago

731 Elgin Street N

, Cambridge

$705,000

Detached|2-Storey
3 | 2 | 4
About this home

Welcome to 731 ELGIN St. A beautiful Renovated, detached property ready for you to call home. Located in the popular North Galt neighborhood of Cambridge, this three bedroom, two bathroom home offers you the Perfect finished living space between the main floor and a fully finished basement. The main level features a bright living and dining area, a modern kitchen with lovely (soft) cabinetry, quartz countertop and tile backsplash, complimented by the upper floor with three bedrooms, a full washroom, and lovely greenery views. Downstairs, the fully finished basement adds a spacious family room to be used as a home gym, a cozy reading nook, or for extended family living. A second full bathroom complements it along with a laundry area with plenty of storage. Additional comforts include central air conditioning, and a water softener for added health and peace of mind. Outside, the double French-doors open to a lovely deck either for a cool morning coffee, watching the sunset or for BBQ parties, perfect for relaxing or entertaining through the warmer months. With no house at the back, you get a serene view of the green space and added privacy. The attached garage and private double wide driveway provide parking for up to four vehicles. Located within the Waterloo Catholic District School Board and next door to Waterloo Region District School Board areas, with easy access to public transit, a dog park, a hospital, and a recreation centre nearby, this home is a wonderful opportunity in one of Cambridge's family friendly communities.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,972
Lot Size45.58 ft x 109.91 ft
mls© NumberX13750002
Listed ByHOMELIFE SILVERCITY REALTY INC.

Listing History

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  • 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%
$3,609
Property tax
$331
Heat allowance
$150
Housing costs
$4,090 / mo

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

Down payment20% · $141,000
25-yr amortization

Income needed

$126,000

gross annual household income

Payment at 4%
$2,967 / mo
Cash down
$141,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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