$599,999

For sale

176 SAMUELSON Street, Cambridge - Single Family for Sale

176 SAMUELSON Street, Cambridge, Ontario, N1R1K3

4 beds3 baths5 parking2,113 ft²Listed 11 days ago

Overview

This 4-bedroom, 3-bathroom home in Cambridge is for sale offering roughly 2,113 sq ft of space. Listed at $599,999, it is attractively priced about 14% below the $699,900 median asking price in Cambridge. It has been on the market 11 days, fresher than the Cambridge average of 57 days.

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Description

DUPLEX PROPERTY - OR A GREAT BUNGALOW WITH AN INLAW SUITE. Welcome to this spacious and beautifully updated 4-bedroom, 3-bathroom home offering a versatile layout with plenty of room for the whole family. At the heart of the home is a stunning updated kitchen featuring elegant marble countertops, modern grey cabinetry and stainless steel appliances. The bright and inviting living spaces continue into the sunroom at the rear of the home, where an abundance of natural light creates the perfect space to relax and enjoy views of the large backyard. The fully finished basement adds exceptional flexibility and features a full kitchen, providing excellent potential for an in-law setup, extended family living or rental opportunity. With four bedrooms and three bathrooms throughout the home, there is plenty of space to accommodate a variety of lifestyles. Major updates offer added peace of mind, including a new roof completed approximately 10 months ago, as well as a new heat pump and air conditioning system installed in 2023. Outside, the large backyard provides plenty of room for entertaining, gardening, children and pets. With an ASAP closing date available, this move-in-ready home is an excellent opportunity for buyers looking for space, modern updates and added income potential. (id:66096)

Property Details

MLS®: 40874116
Property Type: Single Family
Zoning: R5
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 3
Parking: 5
Interior Size: 2,113 ft²
Frontage: 46 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Full
Heating: Heat Pump, Forced air
Cooling: Central air conditioning
Garage: Attached Garage
Ownership: Freehold
Property Tax: $3,385/yr
Listed

Rooms

Basement

Bonus Room: 6'3'' x 19'10''
Den: 8'5'' x 11'0''
Utility room: 7'1'' x 6'5''
Recreation room: 20'11'' x 11'1''
Laundry room: 14'6'' x 4'9''
Kitchen: 9'0'' x 11'2''
Bedroom: 9'6'' x 11'0''
4pc Bathroom
3pc Bathroom

Main level

Sunroom: 8'1'' x 24'1''
Primary Bedroom: 12'3'' x 11'6''

Features

Appliances: Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer, Hood Fan, Garage door opener
Foundation: Unknown
Exterior: Brick
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

11d

Cambridge listings, avg age

57d

Price / ft²

$284

List price

$600K

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 4-bed single family in Cambridge has been listed for 11 days, which is 46 days fresher than the city average of 57. Act while there is still low competition.

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Listed by Re/Max Twin City Realty Inc. · TONY JOHAL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1R)

This home lists at $599,999, about 7.8× the local median household income of $77,000.

Carrying it typically needs a household income of about $117,201 (20% down, 25-yr amortization, stress-tested) — roughly 52% 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)

$599,999· $284/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,999.90

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,600 capitalized)

Property tax (est.)$282/mo

Total monthly$3,415

Cash Needed to Close

Down payment (5.83%)$35,000

Land transfer tax$8,475

Est. closing costs$4,300

Total cash needed$47,775

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