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Price Change$700,000

589 Mortimer Drive

, Cambridge

$725,000

Detached|2-Storey
3 | 3 | 3.5
About this home

Welcome to 589 Mortimer Drive, a beautiful family home, situated in a quiet Cambridge neighbourhood, offering the perfect combination of space, comfort, and convenience. The bright and functional main floor features a seamless flow between the living and dining areas, making everyday family life and entertaining feel effortless. Equipped with stainless steel appliances and ample cabinetry, the kitchen satisfies all your needs, while a powder bath provides convenience. Floor-to-ceiling windows fill the main living space with natural light, while the dining area provides direct access to the large walkout deck and fully fenced backyard. Upstairs, the spacious primary bedroom provides a peaceful retreat, complete with a walk-in closet and ensuite privilege. Two additional bedrooms offer plenty of flexibility for growing families, whether used as children's rooms, guest space, or a home office. The finished basement provides valuable additional living space and can easily serve as a rec room, home gym, or additional bedroom. The laundry room and powder bathroom also serve as excellent additions. Offering both quiet surroundings and everyday convenience, this location puts scenic trails, excellent schools, and parks within easy reach. Shopping, restaurants, and daily essentials are all just minutes away along Hespeler Road and at the Cambridge Centre. A wonderful opportunity to enjoy comfortable family living in one of Cambridge's convenient and established neighbourhoods! Book your private showing today!

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age16-30
Size1100-1500 sq. ft.
Property Tax$4,794
Lot Size53.1 ft x 101.89 ft
mls© NumberX13650904
Listed ByEXP REALTY

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%
$3,711
Property tax
$399
Heat allowance
$150
Housing costs
$4,260 / mo

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

Down payment20% · $145,000
25-yr amortization

Income needed

$131,000

gross annual household income

Payment at 4%
$3,051 / mo
Cash down
$145,000

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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