78 Michigan Avenue, Cambridge

$699,900
78 Michigan Avenue

$699,900

New
22d
Att/Row/Townhouse2-Storey

78 Michigan Avenue, Cambridge

Total Monthly Obligation $3,559

HausQ Valuation Report
Beds
3
Baths
3
Park
1
Sqft
1100-1500
DOM
22d
Score
18
Yield
4.6%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Att/Row/Townhouse
MLS® Number-X13848352
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-23 × 82.02 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-16-30
Taxes-$4,324.83 (2026)
Parking-2 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 PROPERTY ZONE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Shingles
Foundation-Unknown
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Beautiful freehold townhouse in the sought-after Hespeler neighbourhood-welcome to 78 MichiganAvenue! 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, andsliding doors leading to a fully fenced backyard. Upstairs, the spacious primary bedroomfeatures a walk-in closet and private ensuite, complemented by two additional generously sizedbedrooms. The finished basement with rec room provides valuable extra living space, perfect fora family room, home office or entertainment area.Conveniently located near schools, parks, trails, shopping and everyday amenities, with easyaccess to Hespeler Road, Highway 401 and Highway 8. The Region of Waterloo InternationalAirport is also within a short drive. Enjoy nearby Michigan Avenue Park and outdoor recreationaround 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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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,559/mo
Mortgage $2,823
Monthly Loss $2,816
Principal$743
Interest$2,080
Property Tax$360
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.4%25
10-Year IRR
9.3%
Returns Index
13.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$32,040/yr
NOI
$20,011/yr
Net Cash Flow
-$1,156/mo
Cash Margin
-43.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
23.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 78 Michigan Avenue

Time

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Data last updated within the past 24 hours.