218 Montrose Street S, Cambridge

$525,000
218 Montrose Street S

$525,000

New
9d
DetachedBungalow

218 Montrose Street S, Cambridge

Total Monthly Obligation $2,818

HausQ Valuation Report
Beds
3
Baths
2
Park
6
Sqft
700-1100
DOM
9d
Score
25
Yield
6.5%
Cash on Cash
3.4%
Cap Rate
5.3%
5Y IRR
18.3%
10Y IRR
16.8%
Property Type-Detached
MLS® Number-X14032062
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-75 × 66 ft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,900 (2026)
Parking-6 - None
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-flexible
Title-Residential Freehold

No agent assigned

A great bungalow with in-law potential. The basement features a separate entrance, 3 piece bathroom, large bedroom and huge recreation room (lots of space for a 2nd kitchen or 4th bedroom). Parking for at least 6 cars and no side walk to shovel. Lots of updates: Brand new furnace (2026), Roof shingles (2011), central air (2011). Hydro is breakers. Windows have been replaced (even the basement windows). Bright living room/dining room with big picture windows on each end. The kitchen has a movable island and is open to the living room. Original hardwood floors on the main floor. Great South Preston neighbourhood. 2 blocks to Grandview Public School. Close to downtown Preston with quaint shops and restaurants. Also handy to arenas and beautiful trails along the Grand River. Nice yard, the back yard has a patio with gazebo (gazebo curtains are stored inside) and the side yard is perfect for planting and has raised gardens. This fully detached home is perfect for a first time buyer or investor.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$420,000
Land Transfer Taxes$6,975
Legal Fees (Est.)
$
Total cash required for closing$113,475

Total Monthly Obligation

$2,818/mo
Mortgage $2,118
Monthly Loss $2,260
Principal$557
Interest$1,560
Property Tax$325
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.3%30
Cash-on-Cash
-2.6%4
5-Year IRR
13.7%62
10-Year IRR
13.5%
Returns Index
32.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$34,320/yr
NOI
$22,488/yr
Net Cash Flow
-$244/mo
Cash Margin
-8.5%1
Cash Flow Index
0.9/ 100
Risk Profile
Weight: 20%
DSCR
0.8819
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo57
Risk Index
31.5/ 100

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

Comparables

Properties near 218 Montrose Street S

Time

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