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New5 days ago

242 Chestnut Street S

, Cambridge

$499,900

Detached|Bungalow
2 | 1 | 2
About this home

Welcome to 242 Chestnut Street South, located in the established neighbourhood! This charming brick bungalow offers comfortable, convenient living with 2 bedrooms and 1 full bathroom. The home features a functional layout, a kitchen with white cabinetry, main floor laundry and carpet free throughout. Outside, enjoy the added convenience of a covered carport, private driveway, and a yard with space to relax and enjoy the outdoors. Situated in a mature residential neighbourhood, this property offers the charm of an established community with the convenience of nearby amenities. Enjoy easy access to schools, parks, shopping, restaurants, public transit, and the shops and services of downtown. With Highway 401 and other major routes within convenient reach, commuting throughout Cambridge, Kitchener-Waterloo, and the surrounding areas is easy. Whether you're a first-time buyer, downsizer, or simply looking for the convenience of bungalow living, this property offers a wonderful opportunity to call home!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,913
Lot Size75 ft x 60 ft
mls© NumberX14080988
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%
$2,559
Property tax
$243
Heat allowance
$150
Housing costs
$2,951 / mo

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

Down payment20% · $99,980
25-yr amortization

Income needed

$91,000

gross annual household income

Payment at 4%
$2,104 / mo
Cash down
$99,980

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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