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, Cambridge
$685,000
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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Listing History
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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.
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
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