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New6 days ago

99 Linnwood Avenue

, Cambridge

$739,900

Detached|Bungalow
3 | 2 | 3
About this home

Live in one. Rent the other. Let your home help pay the mortgage! A smart opportunity for homeowners and investors alike! Welcome to this all-brick duplex in East Galt, situated on a generous 50 x 134 ft. lot and offering two separate living spaces, two kitchens and two full bathrooms. Whether you're looking to offset your monthly mortgage payments, generate rental income or accommodate extended family, this property offers the flexibility to make it happen! The spacious upper unit features 3 bedrooms, hardwood flooring, updated kitchen and bathroom and comfortable everyday living, while the lower level offers a 1-bedroom suite with its own kitchen, bathroom, living area and separate entrance. A shared laundry area provides convenience for both units. Currently owner-occupied, the property presents an opportunity to live in one unit and rent the other, or explore the potential of renting both for additional income. Outside, enjoy a fully fenced backyard with plenty of space for entertaining, gardening or relaxing. Important updates include roof shingles (2018), furnace (2021), owned tankless water heater (2021) and owned water softener (2018). Additional features include carpet-free living and a cold room. For first-time buyers, this could be a practical way to enter the housing market with help from rental income. For investors, it's an opportunity to own a versatile income-producing property. And for families, it offers the benefit of living close while maintaining separate spaces. Two units. Multiple possibilities. One smart investment. Don't miss your opportunity to see the potential for yourself. Book your private showing today!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,410
Lot Size50 ft x 134.8 ft
mls© NumberX14010288
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%
$3,787
Property tax
$368
Heat allowance
$150
Housing costs
$4,305 / mo

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

Down payment20% · $147,980
25-yr amortization

Income needed

$132,000

gross annual household income

Payment at 4%
$3,114 / mo
Cash down
$147,980

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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