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New3 days ago

78 Michigan Avenue

, Cambridge

$685,000

Freehold Townhouse|2-Storey
3 | 3 | 2
About this home

Beautiful freehold townhouse in the sought-after Hespeler neighbourhood-welcome to 78 Michigan Avenue! This well-maintained home features 3 bedrooms and 2.5 bathrooms, with a bright,open-concept main floor offering a separate dining area, spacious kitchen and living room, and sliding doors leading to a fully fenced backyard. Upstairs, the spacious primary bedroomfeatures a walk-in closet and private ensuite, complemented by two additional generously sized bedrooms. The finished basement with rec room provides valuable extra living space, perfect for a family room, home office or entertainment area.Conveniently located near schools, parks, trails, shopping and everyday amenities, with easy access to Hespeler Road, Highway 401 and Highway 8. The Region of Waterloo International Airport is also within a short drive. Enjoy nearby Michigan Avenue Park and outdoor recreation around the Speed River and Mill Pond Park. A move-in-ready home offering space, comfort andconvenience in a desirable Hespeler location.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeAtt/Row/Townhouse
Style2-Storey
Approx. Age16-30
Size1100-1500 sq. ft.
Property Tax$4,325
Lot Size23 ft x 82.02 ft
mls© NumberX14111980
Listed ByCENTURY 21 PROPERTY ZONE REALTY 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%
$3,506
Property tax
$360
Heat allowance
$150
Housing costs
$4,017 / mo

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

Down payment20% · $137,000
25-yr amortization

Income needed

$124,000

gross annual household income

Payment at 4%
$2,883 / mo
Cash down
$137,000

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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