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Listed 1 month ago

45 Gail Street

, Cambridge

$639,900

Detached|Bungalow
3 | 2 | 5
About this home

Welcome to this impeccably maintained solid brick bungalow, where pride of ownership is evident throughout. Offering 3 spacious bedrooms on the main floor, this home features a bright open-concept layout that's perfect for everyday living and entertaining. Thoughtfully designed for accessibility, the home includes a side entrance with a mobility ramp, while the walk-out basement with its own separate entrance offers outstanding potential for an in-law suite, multi-generational living, or future income possibilities. Unlike many bungalows, the lower level is exceptionally bright thanks to a full-size picture window overlooking the expansive backyard. Outside, you'll find a large, private yard complete with a garden and storage shed, along with the convenience of a carport and a new front entry door. For added peace of mind, all of the home's major mechanical components have been updated, allowing the next owner to move in with confidence. Ideally located just 5 minutes from Highway 401, this home offers an easy commute while being close to schools, parks, shopping, and everyday amenities. A rare opportunity to own a lovingly cared-for home with exceptional versatility and lasting value. Updates are extensive, Roof, kitchen, basement pot lights, exterior doors, furnace, air conditioner and in 2020 wiring was updated and electrical panel replaced with 100 amp service

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,912
Lot Size50 ft x 150 ft
mls© NumberX13568448
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%
$3,275
Property tax
$326
Heat allowance
$150
Housing costs
$3,751 / mo

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

Down payment20% · $127,980
25-yr amortization

Income needed

$115,000

gross annual household income

Payment at 4%
$2,693 / mo
Cash down
$127,980

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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