$640,000

For sale

267 Bakersfield Drive, Cambridge - Single Family for Sale

267 Bakersfield Drive, Cambridge, Ontario, N1R6X9

5 beds2 baths4 parking1,300 ft²46 × 120 ft (5,520 sq ft) lot sizeListed 24 days ago

Overview

This 5-bedroom, 2-bathroom home in Cambridge is for sale offering roughly 1,300 sq ft of space. Listed at $640,000, it is attractively priced about 9% below the $699,900 median asking price in Cambridge. It has been on the market 24 days, fresher than the Cambridge average of 57 days.

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Description

Spacious 4-level backsplit in desirable East Galt, perfect for growing or multigenerational families! The upper level features 3 generous bedrooms, while the lower levels offer 2 additional rooms with potential for home offices, games rooms, guest accommodations, or flexible family living space to suit your family's needs, along with a spacious family room for even more living space. This versatile home features 2 kitchens, 2 bathrooms, a side entrance into the main home, plus a separate entrance with direct access to the lower levels for added convenience and privacy. Laundry is conveniently located in the lower level, with an additional laundry hookup available on the main floor. Enjoy peace of mind with a new furnace and tankless water heater installed in 2020, plus updated air conditioning in 2024, offering added efficiency and comfort. Situated on an oversized lot with plenty of outdoor space to enjoy, this property is ideally located close to elementary and high schools, parks, shopping, and commuter routes. A fantastic opportunity to own a spacious home with incredible flexibility in a sought-after family-friendly neighbourhood! (id:66096)

Property Details

MLS®: X14004324
Property Type: Single Family
Zoning: R5
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 46 × 120 ft (5,520 sq ft)
Frontage: 46 ft
Basement: Separate entrance, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $4,491.2/yr
Listed

Rooms

Main level

Living room: 5.08 x 3.66 meters
Dining room: 2.79 x 3.13 meters
Kitchen: 4.19 x 4.55 meters

Sub-basement

Games room: 3.84 x 3.78 meters
Office: 2.72 x 2.69 meters
Utility room: 3.12 x 3.45 meters
Laundry room: 3.12 x 3.07 meters

Second level

Bedroom: 4.01 x 3.02 meters
Bedroom 2: 2.95 x 2.64 meters

Features

Appliances: Washer, Refrigerator, Water meter, Dishwasher, Stove, Dryer, Hood Fan, Window Coverings
Foundation: Poured Concrete
Exterior: Brick, Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

24d

Cambridge listings, avg age

57d

Price / ft²

$492

List price

$640K

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 5-bed single family in Cambridge has been listed for 24 days, which is 33 days fresher than the city average of 57. Act while there is still low competition.

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Listed by Keller Williams Home Group Realty · MELANIE IDE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1R)

This home lists at $640,000, about 8.3× the local median household income of $77,000.

Carrying it typically needs a household income of about $125,014 (20% down, 25-yr amortization, stress-tested) — roughly 62% 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)

$640,000· $492/ft²

For sale

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Full Cost Breakdown

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Down Payment6.09% · $39,000

Min 6.09%50%

Mortgage payment$3,332/mo

↳ CMHC premium ($24,040 capitalized)

Property tax (est.)$374/mo

Total monthly$3,706

Cash Needed to Close

Down payment (6.09%)$39,000

Land transfer tax$9,275

Est. closing costs$4,420

Total cash needed$52,695

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