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Price Change$913,000

40 Blackburn Street

, Cambridge

$888,900

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

Stunning and welcoming house (less than 2 years old) featuring 4 spacious bedrooms and 2.5 washrooms. Located in a brand-new subdivision in Cambridge by "Cachet Homes." The home offers hardwood flooring in the living and family rooms, an open-concept layout, and large above-grade windows that provide abundant natural light throughout. The basement includes a 3-piece rough-in completed by the builder. Conveniently close to Conestoga College, Hwy 401, and all other amenities. An A1 tenant is willing to stay if the new landlord wishes, currently paying $3,000 plus utilities. Motivated seller-come and see. Don't miss this great opportunity, whether you are a first-time buyer or an investor.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age0-5
Size2000-2500 sq. ft.
Property Tax$4,304
Lot Size30 ft x 98.43 ft
mls© NumberX13480318
Listed ByHOMELIFE/MIRACLE REALTY LTD

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%
$4,550
Property tax
$359
Heat allowance
$150
Housing costs
$5,058 / mo

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

Down payment20% · $177,780
25-yr amortization

Income needed

$156,000

gross annual household income

Payment at 4%
$3,741 / mo
Cash down
$177,780

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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