$1,799,000
Cambridge
118 OLD MILL Road, Cambridge, Ontario, N3H4R8
This 5-bedroom, 3-bathroom home in Cambridge is for sale offering roughly 4,253 sq ft of space. It has been on the market 26 days, fresher than the Cambridge average of 57 days.
Set on an impressive 0.76-acre property in historic Blair, this custom stone bungalow offers a rare combination of architectural character, generous living space and beautifully landscaped grounds. With over 4,200 sq. ft. of finished living space, the home is designed for both comfortable everyday living and memorable entertaining. 12-foot ceilings, Brazilian cherry hardwood flooring and a vaulted Great Room create an elegant open atmosphere. The chef-inspired kitchen features stone surfaces, a walk-in pantry and a dedicated wine bar, while four fireplaces add warmth and character throughout the home. Professionally landscaped grounds create a private outdoor retreat, complete with tiered flagstone patios, a custom cedar pergola, perennial gardens and an in-ground irrigation system. Fully fenced, the backyard offers an inviting setting for quiet mornings, summer gatherings and evenings spent entertaining outdoors. The finished lower level, with a separate entrance from the garage, extends the home's versatility with a spacious recreation area, full wet bar and room for a home gym, hobbies or additional living space. Five bedrooms and three bathrooms offer flexibility for families, guests and evolving lifestyle needs. Notable updates include a heat recovery ventilator (2022), custom California Closet in the primary bedroom (2021) and a comprehensive water filtration system. Enjoy the character of historic Blair with convenient access to Highway 401 and the amenities of Cambridge and the surrounding region. A distinctive property offering generous proportions, exceptional outdoor space and room to make it your own. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 26 days on market, against an average age of 57 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 99.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 5-bed single family in Cambridge has been listed for 26 days, which is 31 days fresher than the city average of 57. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,799,000, about 21.9× the local median household income of $82,000.
Carrying it typically needs a household income of about $351,408 (20% down, 25-yr amortization, stress-tested) — roughly 329% above the area median.
Source: Statistics Canada, 2021 Census (FSA N3H)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.