Excellent investment and income opportunity! This well-located property at 60 Elmwood Avenue offers a flexible setup with two separate tenants, providing immediate rental income from both the main-level unit and the basement. Enjoy the added appeal of a beautiful Gordo park behind the property, offering a great outdoor space for recreation, walking, and relaxation. The property is situated in a desirable Cambridge neighbourhood with convenient access to local amenities and services. A fantastic opportunity for investors or buyers looking for a property with existing rental income and strong potential.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,841 |
| Lot Size | 40 ft x 110 ft |
| mls© Number | X13700040 |
| Listed By | RE/MAX REALTY SPECIALISTS 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%
- $3,373
- Property tax
- $320
- Heat allowance
- $150
- Housing costs
- $3,843 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$118,000
gross annual household income
- Payment at 4%
- $2,773 / mo
- Cash down
- $131,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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