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$549,900
Cambridge
16 MERCER Road, Cambridge, Ontario, N1R5A5
This 3-bedroom, 1-bathroom home in Cambridge is for sale offering roughly 1,516 sq ft of space. Listed at $549,900, it is attractively priced about 21% below the $699,900 median asking price in Cambridge.
Welcome to this well-maintained 1.5-storey home nestled in the highly desirable North Galt community of Cambridge. Offering 3 bedrooms, 1 bathroom, and a functional layout, this charming home is ideal for families, first-time buyers, or those looking to downsize without compromising on space. The bright and spacious living room provides a warm and inviting atmosphere for everyday living and entertaining. A versatile main-floor bedroom offers flexibility and can easily serve as a home office, playroom, or guest room to suit your lifestyle. The finished basement features a den that can be adapted for a variety of uses, including a home office, hobby room, fitness space, or additional family area. Step outside to enjoy the huge backyard, providing plenty of room for children to play, pets to roam, gardening enthusiasts, or future outdoor entertaining. The property offers the perfect balance of indoor comfort and outdoor enjoyment. Located in a sought-after family-friendly neighborhood, residents enjoy close proximity to parks, playgrounds, schools, shopping, and recreation facilities. Churchill Park and scenic walking trails are just minutes away, while convenient access to Highway 401 makes commuting to Kitchener-Waterloo, Guelph, and the GTA a breeze. With everyday amenities, restaurants, and major retailers nearby, this established North Galt community continues to be a popular choice for families seeking a connected and active lifestyle. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 90 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 3-bed single family in Cambridge is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $549,900, about 7.1× the local median household income of $77,000.
Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 39% above the area median.
Source: Statistics Canada, 2021 Census (FSA N1R)
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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.