$499,900

For saleJust listed

775 RIVERSIDE Drive, Cambridge, Ontario, N3H2V1

3 bd3 ba4 pk2,083 ft²Lot size 6,926 sq ft (0.15 ac)

Listed by R W Dyer Realty Inc., Brokerage

#96 51 SPARROW Avenue, Cambridge, Ontario, N1T2E2

For saleJust listed

Today

$570K

#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

Yesterday

$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.

Investment analysis

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$499,900

Cambridge

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361 Queen Street West, Cambridge - Single Family for Sale

361 Queen Street West, Cambridge, Ontario, N3C1G6

4 beds2 baths6 parking1,300 ft²66 × 343 ft (22,651 sq ft) lot sizeListed Today

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 29% below the $699,900 median asking price in Cambridge. It has been on the market 0 days, fresher than the Cambridge average of 57 days.

Houses for Sale in Cambridge →All real estate in Cambridge →

Description

Explore a real 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 true 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 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 growing 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®: X14159290
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 6
Interior Size: 1,300 ft²
Lot Size: 66 × 343 ft (22,651 sq ft)
Frontage: 66 ft
Storeys: 1
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $4,355.08/yr
Listed: Today

Rooms

Main level

Living room: 5.54 x 3.78 meters
Kitchen: 3.84 x 2.54 meters
Dining room: 3.35 x 2.79 meters
Primary Bedroom: 4.32 x 3.71 meters
Bedroom 2: 3.2 x 2.57 meters

Second level

Bedroom 3: 4.93 x 2.74 meters
Bedroom 4: 5.18 x 2.69 meters

Basement

Utility room: 4.98 x 3.51 meters
Other: 4.98 x 2.44 meters

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

Features

Appliances: Water Heater
Foundation: Stone, Concrete
Exterior: Aluminum siding
Lot Features: Backs on greenbelt, Conservation/green belt

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

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 99.8 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 0 days, which is 57 days fresher than the city average of 57. Act while there is still low competition.

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Listed by PEAK REALTY LTD. · REMUS CIMPAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

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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