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New6 days ago

62 Glenvalley Drive

, Cambridge

$999,000

Detached|2-Storey
4 | 4 | 5
About this home

Welcome to 62 Glenvalley Drive, nestled in the desirable Clemens Mills/Saginaw neighbourhood of Cambridge. This spacious detached home offers 4+2 bedrooms and 3.5 bathrooms across a thoughtfully designed layout. Approximately $170,000 was invested in major renovations completed in July-August 2024, including a newly renovated open-concept kitchen with quartz countertops, new awning windows in the living room, kitchen, dinette, powder room, laundry room, and primary bedroom (the three other upstairs bedrooms retain their original windows),updated bathrooms, new flooring and baseboards on the upper levels, a new front door, glass rear sliding door, and shaker-style doors with updated hardware throughout. Additional exterior upgrades include new dusk-to-dawn sensor light fixtures. Main floor laundry and a new furnace(2024) add to the home's comfort and efficiency. Recent updates also include fresh interior painting and driveway restoration. The fully finished basement offers a separate entrance, bedroom, 3-piece bathroom, den, and spacious recreation room with kitchenette - complete with egress windows in the bedroom and den - ideal for multigenerational living or income potential. Outside, enjoy a fully fenced yard with neighbours on one side only, an exposed aggregate patio, plus parking for 5 vehicles including a double garage and triple-wide exposed aggregate driveway. This home offers comfort, flexibility, and potential in one of Cambridge's most sought-after communities.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$5,605
Lot Size50 ft x 114.83 ft
mls© NumberX13673264
Listed ByCORCORAN HORIZON REALTY

Listing History

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  • 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%
$5,113
Property tax
$467
Heat allowance
$150
Housing costs
$5,730 / mo

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

Down payment20% · $199,800
25-yr amortization

Income needed

$176,000

gross annual household income

Payment at 4%
$4,204 / mo
Cash down
$199,800

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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