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Listed 27 days ago

225 Ainsile Street S

, Cambridge

$499,999

Detached|Bungalow
3 | 2 | 7
About this home

Rare income generating opportunity. This versatile property featres two self contained units, making it ideal for inventors, multi generational families, or owner occupants looking to offset their mortgage. The main unit offers 2 bedroom + den, a spacious living area, separate kitchen and private laundary, while the second unit includes 1 bedroom, its own kitchen, living space and laundary. Currently tenanted, with vacant possession available on closing. Well maintained with endless potential in a convenient location close to schools, parks, shopping and transit. Dont miss thi exceptional opportunity.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$3,096
Lot Size93.67 ft x 129.93 ft
mls© NumberX13600276
Listed BySUMMIT REALTY EXPERTS 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%
$2,559
Property tax
$258
Heat allowance
$150
Housing costs
$2,967 / mo

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

Down payment20% · $100,000
25-yr amortization

Income needed

$91,000

gross annual household income

Payment at 4%
$2,104 / mo
Cash down
$100,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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