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$2,599,999
Cambridge
127 Jacob Street, Cambridge, Ontario, N3H2T7
This 5-bedroom, 3-bathroom home in Cambridge is for sale offering roughly 4,250 sq ft of space. It has been on the market 50 days, fresher than the Cambridge average of 57 days.
One of Preston's most historically significant residences, 127 Jacob Street is a landmark 19th-century estate commanding a prominent position atop historic Kress Hill. Built c. 1845 for Jacob K. Erb, a member of one of Preston's prominent early families, this distinguished home has overlooked the community for more than 180 years. Set on an expansive, beautifully treed property, it offers a remarkable sense of privacy and space within the city. Inside, impressive proportions and period character define the home, with high ceilings, deep window sills, generous halls, large windows and beautifully scaled principal rooms designed for both everyday living and entertaining. Five bedrooms and three bathrooms provide abundant space for family and guests. Beyond the residence, mature trees and established gardens create a private setting for outdoor living, while a substantial detached carriage house adds another exceptional element, offering valuable space for vehicles, a workshop, studio or future possibilities. Despite the estate-like setting, downtown Preston, the Speed River, trails, shops, restaurants and amenities are just minutes away. Offering history, architectural character, expansive grounds and a carriage house in the heart of the city, 127 Jacob Street is a property of extraordinary distinction. The home you have waited for. Potential to sever a large section of the lot. Home Inspection available upon request. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 50 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 50 days, which is 7 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 $2,599,999, about 31.7× the local median household income of $82,000.
Carrying it typically needs a household income of about $507,871 (20% down, 25-yr amortization, stress-tested) — roughly 519% above the area median.
Source: Statistics Canada, 2021 Census (FSA N3H)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.