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New6 days ago

218 Montrose Street S

, Cambridge

$525,000

Detached|Bungalow
3 | 2 | 6
About this home

A great bungalow with in-law potential. The basement features a separate entrance, 3 piece bathroom, large bedroom and huge recreation room (lots of space for a 2nd kitchen or 4th bedroom). Parking for at least 6 cars and no side walk to shovel. Lots of updates: Brand new furnace (2026), Roof shingles (2011), central air (2011). Hydro is breakers. Windows have been replaced (even the basement windows). Bright living room/dining room with big picture windows on each end. The kitchen has a movable island and is open to the living room. Original hardwood floors on the main floor. Great South Preston neighbourhood. 2 blocks to Grandview Public School. Close to downtown Preston with quaint shops and restaurants. Also handy to arenas and beautiful trails along the Grand River. Nice yard, the back yard has a patio with gazebo (gazebo curtains are stored inside) and the side yard is perfect for planting and has raised gardens. This fully detached home is perfect for a first time buyer or investor.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$3,900
Lot Size75 ft x 66 ft
mls© NumberX14032062
Listed ByRE/MAX REAL ESTATE CENTRE INC.

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%
$2,687
Property tax
$325
Heat allowance
$150
Housing costs
$3,162 / mo

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

Down payment20% · $105,000
25-yr amortization

Income needed

$97,000

gross annual household income

Payment at 4%
$2,209 / mo
Cash down
$105,000

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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