$850,000

For saleJust listed

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1611 MORRISON Road, Cambridge - Single Family for Sale

1611 MORRISON Road, Cambridge, Ontario, N1R5S2

3 beds1 bath8 parking ft²

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4 bd3 ba6 pk1,750 ft²Lot size 38 × 82 ft (3,083 sq ft)

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Investment analysis

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$850,000

Cambridge

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Description

Welcome to 1611 Morrison Road in Cambridge! This 3-bedroom, 1-bathroom home offers a great opportunity for first-time buyers, families, or anyone looking for extra space and versatility. A standout feature is the separate 398 sq ft workshop, ideal for hobbyists, DIY enthusiasts, or additional workspace. With three bedrooms and a functional layout, this property offers plenty of potential to make it your own. Conveniently located in Cambridge, close to local amenities, shopping, parks, and everyday essentials. Don't miss the opportunity to explore all this property has to offer! (id:66096)

Property Details

MLS®: 40873157
Property Type: Single Family
Zoning: Z3
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 8
Interior Size: 1,125 ft²
Lot Size: 20,038 sq ft (0.46 ac)
Frontage: 103 ft
Storeys: 2
Style: Other
Basement: Partially finished, Full
Heating: Forced air, Propane
Garage: Detached Garage
Ownership: Freehold
Property Tax: $4,233/yr
Listed: 7 days ago

Rooms

Basement

Storage: 21'1'' x 18'7''
Recreation room: 19'4'' x 22'2''
Laundry room: 7'4'' x 7'7''

Main level

Living room: 16'9'' x 18'11''
Kitchen: 15'3'' x 9'2''
Dining room: 11'1'' x 9'3''
Primary Bedroom: 12'7'' x 11'9''
Bedroom: 8'4'' x 12'3''
Bedroom: 8'10'' x 8'7''
3pc Bathroom: 7'3'' x 6'10''

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

Market Timing

Days on market

Cambridge listings, avg age

57d

Price / ft²

$756

List price

$850K

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.

Area context

Neighbourhood profile (N1R)

This home lists at $850,000, about 11.0× the local median household income of $77,000.

Carrying it typically needs a household income of about $166,035 (20% down, 25-yr amortization, stress-tested) — roughly 116% above the area median.

Median household income: $77,000
Population: 42,928
Median age: 40.8
Owner / renter: 59% / 41%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N1R)

$850,000· $756/ft²

For sale

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Full Cost Breakdown

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Down Payment7.06% · $60,000

Min 7.06%50%

Mortgage payment$4,380/mo

↳ CMHC premium ($31,600 capitalized)

Property tax (est.)$353/mo

Total monthly$4,733

Cash Needed to Close

Down payment (7.06%)$60,000

Land transfer tax$13,475

Est. closing costs$5,050

Total cash needed$78,525

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

1611 MORRISON Road, Cambridge - Single Family for Sale

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Description

Property Details

Rooms

Features

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Market Timing

Location

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Neighbourhood profile (N1R)

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