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$809,999
Available - For Sale
Listing ID: X12041137
Welcome to 8 Elgin Street, a legal nonconforming duplex in the heart of Cambridge. This unique property offers two separate, above-grade units perfect for investors or those seeking rental income, or live in one while renting out the other. level unit features 2 generously sized bedrooms, each with ample closet space. The eat-in kitchen boasts stainless steel appliances, plenty of cabinets, and a cozy area for meals. The large family room provides an inviting space to relax and unwind. Upper level unit includes 2 bedrooms, a well-sized family room, and a designated dining area, making it a perfect space for tenants or guests. The partially finished basement offers additional space with loads of potential to customize to your needs. A shared laundry area is conveniently located in the basement. The lot size is truly impressive, with 50 feet of frontage and 136 feet of depth ideal for outdoor entertaining. Enjoy a multi-level deck that provides the perfect setting for hosting friends and family. Don't miss out on the incredible opportunity to own a versatile property in one of Cambridge's sought-after neighborhoods. Current main floor tenant pays $2400 inclusive and the upper vacant unit was paying $2000 inclusive. Please note, the main floor pictures were taken prior to the current tenants occupancy.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $49,950 $99,900 $149,850 $199,800
First Mortgage $949,050 $899,100 $849,150 $799,200
CMHC/GE $26,098.88 $17,982 $14,860.13 $0
Total Financing $975,148.88 $917,082 $864,010.13 $799,200
Monthly P&I $4,176.49 $3,927.79 $3,700.49 $3,422.91
Expenses $0 $0 $0 $0
Total Payment $4,176.49 $3,927.79 $3,700.49 $3,422.91
Income Required $156,618.26 $147,292.17 $138,768.31 $128,359.19

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX PRIME PROPERTIES

8 Elgin Stre South , Cambridge, N1R 5G2, Waterloo

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Duplex
Area: Waterloo
Municipality: Cambridge
Neighbourhood: Dufferin Grove
Style: 2-Storey
Lot Size: x 136.09(Feet)
Approximate Age:
Tax: $3,620.95
Maintenance Fee: $0
Beds: 2+2
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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