
29 Canterbury Drive Reading — Photo 1 of 40
$849,900
Investment Analysis — 29 Canterbury Drive
Reading, MA 01867
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01867 carries an estimated $3,140/mo in gross rent — about a 2.36% cap rate and $20,042/yr in estimated NOI at the $849,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,411
Style
Single Family
Built
1920
Truly turnkey and thoughtfully updated, this 3 bedroom, 3 bath home offers the perfect blend of modern comfort, character and convenience. The open concept first floor was made for everyday living and entertaining, with an updated kitchen featuring white shaker cabinetry, stainless steel appliances, a center island and spacious walk in pantry. Hardwood flooring, high ceilings and abundant natural light carry throughout the main living space, while gas heat and central air provide year round comfort. A desirable first floor primary suite features a generous walk in closet and beautifully appointed en suite bath, with first floor laundry adding another layer of convenience. Upstairs, two additional bedrooms and a three quarter bath provide comfortable and flexible space for family, guests or a home office. Outside, an oversized deck overlooks the beautifully manicured, private fenced yard and patio, creating an inviting extension of the living space that's ready for summer dinners, weekend gatherings and football Sundays by the fire an outdoor TV set up. A full walkout basement provides plenty of additional storage. The location makes the transition from city to suburbs an easy one. Just off Route 128 and moments from downtown Reading and the commuter rail, grab your morning coffee at Cafè Nero or enjoy cocktails and dining at local favorites Public Kitchen and Venetian Moon, all close to home. Lake Quannapowitt and Market Street are just minutes away, with Boston less than 30 minutes away. Enjoy space and privacy while staying connected to the coffee shops, dining, cocktails, community and everyday conveniences that make a neighborhood feel like home.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 706 sq ft (the lesser of 900 sq ft or half the 1,411 sq ft principal dwelling). Lot size: 6,969 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker
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Public Transportation • Shopping • Park • Highway Access • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First13.583333333 x 13.916666666
Flooring - Hardwood, Cable Hookup, Recessed Lighting
Dining Room
Lvl Main,First13.583333333 x 6.5
Flooring - Hardwood, Recessed Lighting
Kitchen
Lvl Main,First11.333333333 x 11.083333333
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Exterior Access, Open Floorplan, Recessed Lighting
Primary Bedroom
Lvl Main,First12.75 x 13.25
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl Second15.083333333 x 12.25
Bedroom 3
Lvl Second11.25 x 10.416666666
Closet, Flooring - Hardwood
Bathroom 1
Lvl Main,First9.333333333 x 5.083333333
Bathroom - Half, Dryer Hookup - Electric, Recessed Lighting
Bathroom 2
Lvl Main,First6.083333333 x 7.333333333
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Recessed Lighting
Bathroom 3
Lvl Second10.333333333 x 6.583333333
Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Susan Gormady Group
Listing Office: Classified Realty Group
MLS® Number: 73584322








