42 Tannery Street E 246, Cambridge

$369,900
42 Tannery Street E 246

$369,900

New
18d
Condo ApartmentApartment

42 Tannery Street E 246, Cambridge

Total Monthly Obligation $2,474

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
18d
Score
22
Yield
7.4%
Cash on Cash
-0.6%
Cap Rate
4.4%
5Y IRR
15.1%
10Y IRR
14.2%
Property Type-Condo Apartment
MLS® Number-X13864066
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 5, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,359 (2026)
Maintenance-$585.72/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stucco (Plaster)
Possession-Flexible
Title-Residential Condo & Other

No agent assigned

Village living in the heart of Hespeler! This thoughtfully updated two-storey home offers 1,125 sq. ft. of comfortable living space, with a bright, functional layout and a long list of recent improvements. The main level features a stylish gallery kitchen updated in 2020, an updated powder room, and open dining and living areas with excellent storage. Large windows bring in plenty of natural light, while the balcony provides a welcoming spot to enjoy the evening. Upstairs, two generously sized bedrooms offer ample closet space, along with a beautifully renovated full bathroom featuring a walk-in shower, solid-surface vanity top, and undermount sink. The home has been freshly painted throughout, creating a clean, move-in-ready feel. Notable updates include a new electrical panel (2020) and an electric heat pump installed in 2022, providing efficient heating and air conditioning throughout both levels. A covered parking space is also included. Set beside Forbes Park and within easy walking distance of Hespeler's shops, restaurants, cafes, library, community centre, farmers' market, and other local amenities. With convenient access to Hwy 401, public transit, and surrounding Cambridge, Kitchener-Waterloo, and Guelph, this is an excellent opportunity to enjoy the character of Hespeler Village with modern comfort and convenience.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$295,920
Land Transfer Taxes$4,024
Legal Fees (Est.)
$
Total cash required for closing$79,504

Total Monthly Obligation

$2,474/mo
Mortgage $1,492
Monthly Loss $2,082
Principal$393
Interest$1,099
Property Tax$197
Condo Fees$586
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.5%2
5-Year IRR
10.8%41
10-Year IRR
11.5%
Returns Index
21.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$27,252/yr
NOI
$12,739/yr
Net Cash Flow
-$430/mo
Cash Margin
-19.0%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
31.8/ 100

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

Comparables

Properties near 42 Tannery Street E 246

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.