$499,900

For sale

#96 51 SPARROW Avenue, Cambridge, Ontario, N1T2E2

4 bd2 ba2 pk1,734 ft²

Listed by Corcoran Horizon Realty

582 Grand Valley Drive, Cambridge, Ontario, N3H2S1

For saleJust listed

Today

$590K

582 Grand Valley Drive, Cambridge, Ontario, N3H2S1

2 bd2 ba5 pk900 ft²Lot size 52 × 120 ft (6,240 sq ft)

Listed by ROYAL LEPAGE BRANT REALTY

74 LINNWOOD Avenue, Cambridge, Ontario, N1R1V3

For saleJust listed

Yesterday

$610K

74 LINNWOOD Avenue, Cambridge, Ontario, N1R1V3

3 bd2 ba3 pk975 ft²

Listed by Royal Lepage Crown Realty Services Inc.

233 WESLEY Boulevard, Cambridge, Ontario, N1T0C6

For saleJust listed

Yesterday

$1.05M

233 WESLEY Boulevard, Cambridge, Ontario, N1T0C6

4 bd3 ba2 pk2,515 ft²

Listed by Adana Homes A Canadian Realty Inc., Brokerage

Investment analysis

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$499,900

Cambridge

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242 Chestnut Street South, Cambridge - Single Family for Sale

242 Chestnut Street South, Cambridge, Ontario, N3H2J7

2 beds1 bath2 parking900 ft²75 × 60 ft (4,500 sq ft) lot sizeListed 22 days ago

Overview

This 2-bedroom, 1-bathroom home in Cambridge is for sale offering roughly 900 sq ft of space. Listed at $499,900, it is attractively priced about 29% below the $699,900 median asking price in Cambridge. It has been on the market 22 days, fresher than the Cambridge average of 57 days.

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Description

Welcome to 242 Chestnut Street South, located in the established neighbourhood! This charming brick bungalow offers comfortable, convenient living with 2 bedrooms and 1 full bathroom. The home features a functional layout, a kitchen with white cabinetry, main floor laundry and carpet free throughout. Outside, enjoy the added convenience of a covered carport, private driveway, and a yard with space to relax and enjoy the outdoors. Situated in a mature residential neighbourhood, this property offers the charm of an established community with the convenience of nearby amenities. Enjoy easy access to schools, parks, shopping, restaurants, public transit, and the shops and services of downtown. With Highway 401 and other major routes within convenient reach, commuting throughout Cambridge, Kitchener-Waterloo, and the surrounding areas is easy. Whether you're a first-time buyer, downsizer, or simply looking for the convenience of bungalow living, this property offers a wonderful opportunity to call home! (id:66096)

Property Details

MLS®: X14080988
Property Type: Single Family
Zoning: R4
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 900 ft²
Lot Size: 75 × 60 ft (4,500 sq ft)
Frontage: 75 ft
Storeys: 1
Style: Bungalow
Basement: Crawl space
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Carport
Ownership: Freehold
Property Tax: $2,913/yr
Listed: 22 days ago

Rooms

Main level

Kitchen: 5.03 x 3.43 meters
Living room: 5.18 x 3.45 meters
Primary Bedroom: 3.48 x 2.82 meters
Bedroom: 3.48 x 2.77 meters
Laundry room: 4.34 x 1.91 meters

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

Features

Appliances: Washer, Stove, Dryer, Water Heater
Foundation: Poured Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Cambridge listings, avg age

57d

Price / ft²

$555

List price

$500K

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 2-bed single family in Cambridge has been listed for 22 days, which is 35 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX REAL ESTATE CENTRE INC. · TONY NOGUEIRA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3H)

This home lists at $499,900, about 6.1× the local median household income of $82,000.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 19% 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)

$499,900· $555/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$243/mo

Total monthly$2,876

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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