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Listed 1 month ago

62 Samuelson Street

, Cambridge

$699,900

Detached|2-Storey
5 | 3 | 5
About this home

62 Samuelson St., Historic Galt - A rare opportunity for the first-time investor or entrepreneur. This double-wide 83' lot includes an approved severance for a future building lot.Live in the completely renovated 3-bedroom, 2-bathroom home featuring a stunning new kitchen, two new bathrooms, all new flooring, an excellent layout, and an attached garage with inside entry, while adding value by renovating the separate-entrance in-law suite.Perfect for a home-based business, with ample parking, a fully fenced backyard, and a massive covered front porch overlooking one of Cambridge's most vibrant communities. Walk to Downtown Galt, the Grand River, trails, parks, schools, shops, restaurants, cafés, and everyday amenities.Live in it. Build equity. Build your future.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$3,843
Lot Size82.65 ft x 82.15 ft
mls© NumberX13562674
Listed ByExit Integrity Realty 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%
$3,582
Property tax
$320
Heat allowance
$150
Housing costs
$4,053 / mo

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

Down payment20% · $139,980
25-yr amortization

Income needed

$125,000

gross annual household income

Payment at 4%
$2,945 / mo
Cash down
$139,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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