15 Glebe Street 902, Cambridge

$549,900
15 Glebe Street 902

$549,900

New
8d
Condo Apartment1 Storey/Apt

15 Glebe Street 902, Cambridge

Total Monthly Obligation $3,545

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
8d
Score
17
Yield
5.7%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.9%
Property Type-Condo Apartment
MLS® Number-X14084340
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 15, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$5,141 (2026)
Maintenance-$698.04/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-RE/MAX ICON REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Title-Residential Condo & Other

No agent assigned

STUNNING VIEWS from this 9th-floor corner unit in the vibrant Gaslight District! Discover this beautiful 2-bedroom, 2-bathroom condo just steps from the Grand River, offering spectacular treed views over historic West Galt. Featuring 9-foot ceilings, laminate flooring, and an open-concept design, this home perfectly blends modern style with everyday comfort. The spacious living area flows seamlessly into a contemporary kitchen complete with sleek white cabinetry, quartz countertops, upgraded stainless steel appliances, and a large island ideal for cooking, dining, and entertaining. Step out onto the full-width balcony-accessible from both the living room and the primary suite-and take in the beautiful outdoor space. The primary bedroom offers two closets and a 4-piece ensuite with double sinks and a walk-in shower. A second bedroom, additional 4-piece bathroom, and convenient in-suite laundry complete the thoughtfully designed layout. One parking space is included. As a corner unit, enjoy extra windows and sweeping views to the north and west, filling the space with natural light. Residents enjoy exceptional amenities including multiple lounges, a games room with billiards and ping pong, a state-of-the-art fitness and yoga studio, stylish party room with bar, co-working spaces, and stunning outdoor terraces overlooking Gaslight Square-featuring fire pits, pergolas, and BBQ areas. Step outside and embrace the vibrant downtown lifestyle- walk along the Grand River trails, explore nearby cafe's and shops, or visit the weekend Farmer's Market. Live in the heart of the Gaslight District, surrounded by incredible restaurants, events, and entertainment. Maintenance fees include gas and internet. Book your private showing today!

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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$439,920
Land Transfer Taxes$7,473
Legal Fees (Est.)
$
Total cash required for closing$118,953

Total Monthly Obligation

$3,545/mo
Mortgage $2,218
Monthly Loss $2,961
Principal$584
Interest$1,634
Property Tax$428
Condo Fees$698
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.3%0
5-Year IRR
6.3%15
10-Year IRR
7.9%
Returns Index
8.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$31,164/yr
NOI
$12,130/yr
Net Cash Flow
-$1,207/mo
Cash Margin
-46.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.2/ 100

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

Comparables

Properties near 15 Glebe Street 902

Time

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