248 Freure Drive, Cambridge

$989,000
248 Freure Drive

$989,000

New
4d
Detached2-Storey

248 Freure Drive, Cambridge

Total Monthly Obligation $5,024

Beds
4
Baths
4
Park
4
Sqft
2500-3000
DOM
4d
Score
16
Yield
4.1%
Cash on Cash
-7.0%
Cap Rate
3.1%
5Y IRR
10.0%
10Y IRR
10.3%
Property Type-Detached
MLS® Number-X14095008
Beds-4
Bathrooms-4
Size-2500-3000 sqft
Lot Size-40.16 × 131.33 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Detached
Age-0-5
Taxes-$7,921 (2026)
Parking-6 - Attached
Basement-Unfinished, Walk-Out
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE SIGNATURE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Welcome to this custom built home by the builder, nestled in a brand new community in Cambridge. Offering 2,777 sq. ft. of thoughtfully designed living space, this 2022 built home welcomes you with an impressive 21 foot foyer ceiling and an abundance of windows that fill the interior with natural light. The open concept main floor features modern hardwood flooring, pot lights, and a spacious family room with soaring 12 foot ceilings and a gas fireplace, creating the perfect setting for family gatherings and entertaining. The kitchen combines style and functionality with stainless steel built in appliances, a gas stove, and a double door walk in pantry. Designed with growing and multigenerational families in mind, the home features two spacious primary bedrooms, offering comfort and privacy for everyone. Upstairs, a bright loft or lounge area provides the perfect space for a home office or relaxing retreat, complemented by hardwood stairs, comfortable carpeting throughout the second floor, and convenient upstairs laundry. Zebra blinds throughout add a modern finishing touch. Step outside to enjoy peaceful ravine views, lush greenery, and the rare privacy of having no homes directly behind. The huge backyard is ideal for family gatherings, while the walkout, partially finished basement offers excellent potential for additional living space. Complete with a double car garage, driveway parking for up to six vehicles, a water softener, 200 amp electrical panel, and approximately three years of remaining Tarion warranty coverage, this home offers space and flexibility for the whole family. Just five minutes from downtown Cambridge, enjoy the convenience of nearby amenities alongside the tranquility of a beautiful natural setting!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$791,200
Land Transfer Taxes$16,255
Legal Fees (Est.)
$
Total cash required for closing$215,555

Total Monthly Obligation

$5,024/mo
Mortgage $3,989
Monthly Loss $3,975
Principal$1,050
Interest$2,940
Property Tax$660
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.0%1
5-Year IRR
7.0%18
10-Year IRR
8.3%
Returns Index
10.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$41,028/yr
NOI
$24,504/yr
Net Cash Flow
-$1,947/mo
Cash Margin
-57.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo30
Risk Index
17.6/ 100

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

Comparables

Properties near 248 Freure Drive

Time

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