38 Glenmorris Street, Cambridge

$485,900
38 Glenmorris Street

$485,900

New
3d
DetachedBungalow

38 Glenmorris Street, Cambridge

Total Monthly Obligation $2,600

Beds
3
Baths
1
Park
4
Sqft
700-1100
DOM
3d
Score
22
Yield
5.8%
Cash on Cash
0.5%
Cap Rate
4.7%
5Y IRR
15.9%
10Y IRR
14.9%
Property Type-Detached
MLS® Number-X14099498
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-66 × 137.53 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Age-100+
Taxes-$3,177 (2025)
Parking-5 - Detached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Vinyl Siding, Wood
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Title-Residential Freehold

No agent assigned

Charming bungalow at 38 Glenmorris Street in Cambridge! Set on a generous 65 ft. x 137 ft. lot, this detached 3-bedroom home offers 1,068 sq. ft. of main-floor living space with plenty of potential to make it your own. The functional layout features a spacious living room, kitchen with ample space, three bedrooms, a 4-piece bathroom, and convenient main-floor laundry. The full unfinished basement offers additional storage and future possibilities. Outside, enjoy a detached garage, a double-wide gravel driveway, and a spacious backyard with room to relax, garden, or entertain. Ideally located near parks, trails, schools, shopping, public transit, and the amenities of downtown Cambridge, this property is a great opportunity for first-time buyers, downsizers, or investors looking to add value. With its generous lot, practical layout, and convenient location, this home is full of potential!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$388,720
Land Transfer Taxes$6,193
Legal Fees (Est.)
$
Total cash required for closing$104,873

Total Monthly Obligation

$2,600/mo
Mortgage $1,960
Monthly Loss $2,084
Principal$516
Interest$1,444
Property Tax$265
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.5%2
5-Year IRR
11.4%45
10-Year IRR
11.7%
Returns Index
23.6/ 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
$28,296/yr
NOI
$17,789/yr
Net Cash Flow
-$478/mo
Cash Margin
-20.3%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7612
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
31.2/ 100

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

Comparables

Properties near 38 Glenmorris Street

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.