$465,000

For sale

1279 HAMILTON Street, Cambridge - Single Family for Sale

1279 HAMILTON Street, Cambridge, Ontario, N3H3G4

3 beds2 baths4 parking1,205 ft²Listed 21 days ago

Overview

This 3-bedroom, 2-bathroom home in Cambridge is for sale offering roughly 1,205 sq ft of space. Listed at $465,000, it is attractively priced about 34% below the $699,900 median asking price in Cambridge. It has been on the market 21 days, fresher than the Cambridge average of 57 days.

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Description

Welcome to 1279 Hamilton Street, a fantastic opportunity to own a detached home in Cambridge and make it your own! Offering 3 bedrooms and 2 bathrooms, this home is full of potential and ready for its next owners to bring their ideas and personal style to life. Whether you’re a first time buyer looking to get into the detached market, a renovator searching for your next project, or simply someone who wants the freedom to update a home to suit your own taste, this property offers an exciting opportunity. Located in the established Preston area of Cambridge, you’ll enjoy convenient access to everyday amenities, parks, schools, shopping and major routes, while still being part of a mature community. With detached homes becoming increasingly difficult to find at an approachable price point, 1279 Hamilton Street is your chance to stop renting or move beyond condo living and invest in a property you can truly call your own. Bring your vision and discover the possibilities this Cambridge home has to offer! The kitchen and living room have been virtually staged. (id:66096)

Property Details

MLS®: 40871731
Property Type: Single Family
Zoning: R5
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 1,205 ft²
Frontage: 50 ft
Storeys: 1
Style: Other
Basement: Unfinished, Full
Heating: Natural gas
Cooling: None
Garage: Attached Garage
Ownership: Freehold
Property Tax: $4,355.08/yr
Listed

Rooms

Second level

3pc Bathroom: 5'8'' x 6'8''
Bedroom: 11'2'' x 15'3''
Den: 7'11'' x 9'3''

Main level

Bedroom: 9'7'' x 12'9''
Primary Bedroom: 10'11'' x 10'0''
3pc Bathroom: 7'1'' x 11'8''
Kitchen: 14'4'' x 12'1''
Dining room: 10'10'' x 12'0''
Living room: 10'11'' x 12'3''

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Foundation: Unknown
Exterior: Other

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Cambridge listings, avg age

57d

Price / ft²

$386

List price

$465K

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.

Haho

This 3-bed single family in Cambridge has been listed for 21 days, which is 36 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RED AND WHITE REALTY INC. · Elyse Bouwmeester

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3H)

This home lists at $465,000, about 5.7× the local median household income of $82,000.

Carrying it typically needs a household income of about $90,831 (20% down, 25-yr amortization, stress-tested) — roughly 11% above the area median.

Median household income: $82,000
Population: 24,306
Median age: 40.8
Owner / renter: 62% / 38%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N3H)

$465,000· $386/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,250

Min 5%50%

Mortgage payment$2,449/mo

↳ CMHC premium ($17,670 capitalized)

Property tax (est.)$363/mo

Total monthly$2,812

Cash Needed to Close

Down payment (5%)$23,250

Land transfer tax$5,775

Est. closing costs$3,895

Total cash needed$32,920

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