$450,000

For sale

5 GEORGE Street South, Cambridge - Single Family for Sale

5 GEORGE Street South, Cambridge, Ontario, N1S2N3

4 beds2 baths2 parking1,368 ft²3,920 sq ft lot sizeListed 22 days ago

Overview

This 4-bedroom, 2-bathroom home in Cambridge is for sale offering roughly 1,368 sq ft of space. Listed at $450,000, it is attractively priced about 36% 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 5 George Street South, Cambridge. A charming semi-detached century home with two units, offering an outstanding opportunity for investors, multi-generational families, or buyers looking to offset their mortgage with rental income. Featuring 4 bedrooms, 2 bathrooms and 1,348 sq ft of living space on a 31.01 x 119 ft lot. The striking stone exterior immediately sets this home apart, while inside you'll find spacious principal rooms, high ceilings, abundant natural light, beautiful original wood trim that highlights the home's historic charm. Large windows fill the living spaces with natural light, creating warm and inviting interiors full of character. Situated in one of Cambridge's most walkable neighbourhoods, this property boasts an impressive 9.7/10 Walk Score, placing parks, cafés, restaurants, shopping and everyday amenities just steps from your front door. Enjoy the convenience of downtown living with easy access to the vibrant Gaslight District, scenic Grand River trails, transit and local attractions. Whether you're looking to expand your investment portfolio, accommodate extended family, or live in one unit while generating rental income from the other, this offers flexibility and long-term value in a highly desirable location. Opportunities to own a character-filled home in the heart of Cambridge are rare. Don't miss your chance to own a versatile property with exceptional lifestyle appeal and outstanding investment potential. (id:66096)

Property Details

MLS®: 40871124
Property Type: Single Family
Zoning: C1RM1
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Half Baths: 2
Parking: 2
Interior Size: 1,368 ft²
Lot Size: 3,920 sq ft
Frontage: 31 ft
Year Built: 1880
Storeys: 2
Style: Other
Basement: Unfinished, Full
Heating: Forced air
Cooling: None
Ownership: Freehold

Rooms

Second level

Living room: 10'3'' x 14'1''
1pc Bathroom: 4'5'' x 9'1''
Bedroom: 10'0'' x 10'0''
Bedroom: 10'7'' x 10'9''
Kitchen: 8'9'' x 12'4''

Main level

Bedroom: 5'6'' x 10'5''
Bedroom: 10'5'' x 13'1''
1pc Bathroom: 4'10'' x 6'11''
Living room: 10'9'' x 15'3''
Kitchen: 10'2'' x 12'1''

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

Features

Appliances: Refrigerator, Stove
Foundation: Stone
Exterior: Stone

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Cambridge listings, avg age

57d

Price / ft²

$329

List price

$450K

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 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 eXp Realty, Brokerage · Jerry Van Leeuwen

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1S)

This home lists at $450,000, about 4.7× the local median household income of $95,000.

Carrying it typically needs a household income of about $87,901 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $95,000
Population: 20,171
Median age: 42.8
Owner / renter: 71% / 29%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N1S)

$450,000· $329/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,500

Min 5%50%

Mortgage payment$2,370/mo

↳ CMHC premium ($17,100 capitalized)

Property tax (est.)$248/mo

Total monthly$2,618

Cash Needed to Close

Down payment (5%)$22,500

Land transfer tax$5,475

Est. closing costs$3,850

Total cash needed$31,825

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