$1,099,000

For sale

236 RIDGE Road, Cambridge - Single Family for Sale

236 RIDGE Road, Cambridge, Ontario, N3E0C2

4 beds4 baths6 parking3,167 ft²Listed 39 days ago

Overview

This 4-bedroom, 4-bathroom home in Cambridge is for sale offering roughly 3,167 sq ft of space. It has been on the market 39 days, fresher than the Cambridge average of 57 days.

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Description

Welcome to the amazing River Mill community! This stunning 3,167 sq. ft. home features 4 spacious bedrooms plus a huge loft/office that can easily be converted into a 5th bedroom, complete with its own private balcony. Enjoy 4 washrooms, 9-foot ceilings on the main floor, upgraded 8-foot-tall doors, and a bright office with a beautiful bay window. The open-concept layout offers a spacious family room with a gas fireplace, formal dining room, and an impressive kitchen featuring granite countertops, granite backsplash, and upgraded taller cabinets. This fully brick home is ideally located just steps from breathtaking walking trails, parks, and schools-perfect for families looking for space, comfort, and an incredible community lifestyle! (id:66096)

Property Details

MLS®: 40866792
Property Type: Single Family
Zoning: RR
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 4
Half Baths: 1
Parking: 6
Interior Size: 3,167 ft²
Frontage: 43 ft
Storeys: 2
Style: Other
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage
Ownership: Freehold
Property Tax

Rooms

Main level

2pc Bathroom
Breakfast: 11'4'' x 13'6''
Kitchen: 10'4'' x 15'4''
Family room: 15'4'' x 15'4''
Office: 11'4'' x 14'4''
Living room: 12'1'' x 15'3''

Second level

5pc Bathroom
4pc Bathroom
4pc Bathroom
Loft: 12'6'' x 12'7''
Bedroom: 11'4'' x 14'4''
Bedroom: 11'2'' x 12'1''

Features

Appliances: Washer, Dishwasher, Dryer
Exterior: Brick

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

39d

Cambridge listings, avg age

57d

Price / ft²

$347

List price

$1.10M

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 39 days, which is 18 days fresher than the city average of 57. Act while there is still low competition.

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Listed by HOMELIFE MAPLE LEAF REALTY LTD · Narender Sehgal

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3E)

This home lists at $1,099,000, about 9.1× the local median household income of $121,000.

Carrying it typically needs a household income of about $214,673 (20% down, 25-yr amortization, stress-tested) — roughly 77% above the area median.

Median household income: $121,000
Population: 2,802
Median age: 30.8
Owner / renter: 64% / 36%
Avg. household size: 3.5

Source: Statistics Canada, 2021 Census (FSA N3E)

$1,099,000· $347/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.73% · $84,900.00

Min 7.73%50%

Mortgage payment$5,622/mo

↳ CMHC premium ($40,564 capitalized)

Property tax (est.)$774/mo

Total monthly$6,396

Cash Needed to Close

Down payment (7.73%)$84,900

Land transfer tax$18,455

Est. closing costs$5,797

Total cash needed$109,152

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