$499,900

For saleJust listed

#37 350 Dundas Street South, Cambridge, Ontario, N1T0C9

2 bd2 ba1 pk1,100 ft²

Listed by CITYSCAPE REAL ESTATE LTD.

25 GRANDVIEW Avenue, Cambridge, Ontario, N1R1E6

For saleJust listed

Today

$460K

25 GRANDVIEW Avenue, Cambridge, Ontario, N1R1E6

3 bd1 ba2 pk1,202 ft²Lot size 4,095 sq ft

Listed by R W Dyer Realty Inc., Brokerage

97 SACHA Road, Cambridge, Ontario, N3C4A2

For saleJust listed

Today

$800K

97 SACHA Road, Cambridge, Ontario, N3C4A2

4 bd4 ba4 pk1,852 ft²

Listed by Re/Max Real Estate Centre Inc.

112 Honey Street, Cambridge, Ontario, N1T0C6

For saleJust listed

Today

$1.10M

112 Honey Street, Cambridge, Ontario, N1T0C6

4 bd4 ba4 pk2,250 ft²Lot size 40 × 99 ft (3,924 sq ft)

Listed by Real Broker Ontario Ltd.

Investment analysis

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$499,900

Cambridge

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Overview

This 4-bedroom, 2-bathroom home in Cambridge is for sale offering roughly 1,300 sq ft of space. Listed at $499,900, it is attractively priced about 30% below the $710,000 median asking price in Cambridge. It has been on the market 0 days, fresher than the Cambridge average of 57 days.

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Description

Unlock incredible potential with this affordable 4 bedroom home nestled on a beautifully treed 0.53 Acre lot. Whether buyers are seeking a Family Home, an Income Investment, or a Residential Development, this R4 zoning property is a great prospect for ambitious Visionaries seeing the real opportunity. Structurally sound with a generous living layout and walk-out lower level, this property offers abundant parking and a massive, serene backyard with no rear neighbors. Enjoy the freedom of ample outdoor living space and endless potential to add custom outbuildings. While significant value resides in the land, this property offers incredible versatility—renovate the existing home, execute a custom remodel, or fully redevelop to capture its complete value. Looking to build for the future in a high-demand market? With this standout lot, Developers and Builders can unlock hidden development capacity through innovative design and tailored planning proposals to fully realize the property's potential. Buyers to satisfy themselves regarding all zoning, permitted uses, and required City permits or approvals with the City of Cambridge for any intended future use. Don’t forget … the Approved Plan for HESPELER ROAD CORRIDOR, an Innovative project designed to transform this Suburban Identity (Redevelop, Modernize, Extend the LRT to Hespeler, create New Opportunities, and more). Please note that the home and property are being sold in WHERE IS & AS IS condition (id:66096)

Property Details

MLS®: 40875913
Property Type: Single Family
Zoning: R4
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 6
Interior Size: 1,300 ft²
Lot Size: 23,087 sq ft (0.53 ac)
Frontage: 66 ft
Year Built: 1948
Storeys: 1
Style: Other
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: None
Ownership: Freehold
Property Tax: $4,355.08/yr
Listed: Today

Rooms

Basement

Storage: 8' x 16'4''
Utility room: 11'6'' x 16'4''

Second level

4pc Bathroom
Bedroom: 8'10'' x 17'0''
Primary Bedroom: 9'0'' x 16'2''

Main level

1pc Bathroom
Bedroom: 8'5'' x 10'6''
Bedroom: 12'2'' x 14'2''
Dining room: 9'2'' x 11'0''
Kitchen: 8'4'' x 12'7''
Living room: 12'5'' x 18'2''

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

$385

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 99.9 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (N3C)

This home lists at $499,900, about 4.4× the local median household income of $114,000.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $114,000
Population: 27,518
Median age: 38.8
Owner / renter: 84% / 16%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N3C)

$499,900· $385/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.)$363/mo

Total monthly$2,996

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

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361 QUEEN Street West, Cambridge - Single Family for Sale

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Neighbourhood profile (N3C)

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