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Price Change$537,000

603 - 15 Glebe Street

, Cambridge

$428,900

Condo Apartment |
1 | 1 | 1 | 0
About this home

Visit REALTOR website for additional information. Perfect for both investors and first-time buyers, this unit is part of the popular "The Laundry Room" rental pool in the heart of the GASLIGHT District downtown. Enjoy entertainment, dining, and shops right outside your door. Unit 603 is located on the same floor as many building amenities. It features a spacious eat-in kitchen, living room, large bedroom with a walk-in closet, and a unique 1000 sqft partially covered private terrace with views of the Gaslight area and Grand River. Modern finishes throughout, including stainless steel appliances and a bright 3-piece bathroom. The Gaslight towers offer upscale living with lounges, study rooms, indoor/outdoor spaces, fire pits, BBQ areas, and underground parking.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size600-699 sq. ft.
Maintenance Fees$366
LockerNone
BalconyTerrace
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesReserved/Assigned, Underground
Property Tax$3,264
mls© NumberX12036489
Listed ByPG DIRECT REALTY LTD.
Common Elements Included
Building Insurance Included
Parking Included

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%
$2,195
Property tax
$272
Heat allowance
$150
Condo fees, half counted
$183
Housing costs
$2,801 / mo

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

Down payment20% · $85,780
25-yr amortization

Income needed

$86,000

gross annual household income

Payment at 4%
$1,805 / mo
Cash down
$85,780

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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