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New7 days ago

98 Wallace Drive

, Cambridge

$1,200,000

Detached|2-Storey
4 | 6 | 4
About this home

Welcome to 98 Wallace Drive! This North Galt duplex offers just over 4500 sq. ft. of finished living space. The spacious main home & a modern designed 2-bed, 2-bath addition with its own entrance, kitchen, laundry & backyard access. With a deep lot, multiple living areas & thoughtful upgrades, this home delivers flexibility, comfort & room to grow. Check our TOP 8 reasons why this home is the right fit for you. 8: CLEMENS MILL: A family-friendly neighbourhood close to great schools, parks, essentials, Highway 401 & shopping along Hespeler Rd. 7: BRIGHT MAIN FLOOR: The extended driveway leads to a welcoming foyer, sitting room & family room with stone fireplace. Hardwood & tile flooring, built-ins, a mudroom off the garage & a powder room support easy daily living. 6: EAT-IN KITCHEN: A bright kitchen with S/S appliances, subway tile backsplash & peaceful backyard views. Includes a dinette with walkout + a separate dining room for hosting. 5: SPACIOUS BACKYARD: A deep, fully fenced yard with stone walkways, patio, gazebo, deck overlooking the pool, fire pit, mature fruit trees, perennial gardens, fountain & shed. The 2nd unit has its own backyard walkout too. 4: DETACHED WORKSHOP: A separate brick workshop adds space for tools, hobbies & equipment - keeping the garage free. 3: SECOND UNIT: A self-contained in-law addition with its own entrance, upgraded flooring, bright living room, quartz kitchen, S/S appliances, powder room, two bedrooms, laundry & full bath. Ideal for extended or multigenerational living. 2: BEDROOMS & BATHROOMS: The main home presents four bedrooms. The primary suite features a walk-in closet, custom built-ins & a 4-piece ensuite. A separate 4-piece bath serves the additional bedrooms. 1: FINISHED BASEMENT: A large rec room, 2nd kitchen, 4-piece bath, laundry, cold room & storage provide even more functional space. A place for your family to grow with the benefit of income-producing space - a legal duplex, the best of both worlds.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age31-50
Size3500-5000 sq. ft.
Property Tax$8,816
Lot Size43.06 ft x 199.6 ft
mls© NumberX14110720
Listed ByRE/MAX TWIN CITY REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,142
Property tax
$735
Heat allowance
$150
Housing costs
$7,027 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $240,000
25-yr amortization

Income needed

$216,000

gross annual household income

Payment at 4%
$5,050 / mo
Cash down
$240,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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