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Listed 2 months ago

123 Norfolk Avenue

, Cambridge

$449,900

Detached|1 1/2 Storey
2 | 1 | 2
About this home

This is one of those rare opportunities. Everyone is saying first time buyers don't have a chance in this market. Well here's your chance. When is the last time you've seen a well maintained detached home, on a large lot, for this price? One bedroom on the main floor and one on the second floor. This home was gutted and rebuilt starting in 2012. New attic insulation, New wiring, new plumbing, new windows, new doors all in 2012, furnace 2021, central air 2014, roof 2015, fence & porch 2015, kitchen cabinet refaced 2026, soffit, fascia, eaves in 2019. Relax and entertain on new deck overlooking large backyard. Fully fenced with a gate at the back corner meant to allow vehicle access for parking in the far back of the yard if needed. Storage shed on concrete pad. Perfectly situated close to schools, public transit, the 401, parks & all major amenities.

Extras

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Contact Angela directly.

agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size700-1100 sq. ft.
Property Tax$2,691
Lot Size40 ft x 110 ft
mls© NumberX13502838
Listed ByRE/MAX REAL ESTATE CENTRE INC.

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%
$2,303
Property tax
$224
Heat allowance
$150
Housing costs
$2,677 / mo

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

Down payment20% · $89,980
25-yr amortization

Income needed

$82,000

gross annual household income

Payment at 4%
$1,893 / mo
Cash down
$89,980

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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