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Listed 2 months ago

405 Newman Drive

, Cambridge

$1,445,000

Detached|2-Storey
5 | 4 | 4
About this home

Beautifully designed detached home featuring a spacious and functional layout, ideal for modern family living. The main floor boasts a bright Great Room, elegant Dining Room, and a well-appointed Kitchen with Breakfast Area, perfect for everyday use and entertaining. A separate Library/Home Office adds flexibility for work-from-home needs, along with convenient garage access. The second floor offers five generously sized bedrooms, including a luxurious Primary Bedroom with a sitting area, walk-in closet, and ensuite bath. Additional bedrooms are well proportioned with access to shared and ensuite bathrooms, providing comfort and privacy for the whole family. The thoughtfully designed layout offers ample space for growing families, guests, or multi-functional living needs. Unfinished basement provides excellent potential for future customization. Located in a desirable neighbourhood close to schools, parks, and all essential amenities. Furniture may be available for purchase upon buyer's interest, offering a convenient turnkey opportunity. Any items to be included and associated pricing shall be negotiated separately between the parties.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age0-5
Size3500-5000 sq. ft.
Property Tax$6,867
Lot Size40.62 ft x 102 ft
mls© NumberX13443066
Listed ByRE/MAX PRESIDENT 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%
$7,396
Property tax
$572
Heat allowance
$150
Housing costs
$8,118 / mo

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

Down payment20% · $289,000
25-yr amortization

Income needed

$250,000

gross annual household income

Payment at 4%
$6,081 / mo
Cash down
$289,000

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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