$799,000

For saleJust listed

50 Galt Avenue, Cambridge - Single Family for Sale

50 Galt Avenue, Cambridge, Ontario, N1R8N5

5 beds4 baths7 parking1,300 ft²98 × 50 ft (4,890 sq ft) lot sizeListed 7 days ago

Overview

This 5-bedroom, 4-bathroom home in Cambridge is for sale offering roughly 1,300 sq ft of space. It has been on the market 7 days, fresher than the Cambridge average of 57 days.

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Description

Welcome to this beautiful, sun-filled corner-lot raised bungalow in Cambridge! Featuring an open-concept layout, 5 bedrooms, 4 bathrooms, and carpet-free flooring throughout. Enjoy an attached garage with inside entry and a spacious driveway accommodating up to 6 cars. A legal secondary ADU, built in 2023, offers heated floors, 1 bedroom, a kitchen, living area, and 3-piece bathroom. The lower-level in-law suite features a separate entrance, 2 bedrooms, a kitchen, living/dining area, and 3-piece bathroom. Perfect for extended families or potential rental income! Beautiful landscaping, a sundeck, and rear balcony complete this wonderful home. A fantastic opportunity offering comfort, flexibility, and endless possibilities! (id:66096)

Property Details

MLS®: X14130220
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 4
Half Baths: 1
Parking: 7
Interior Size: 1,300 ft²
Lot Size: 98 × 50 ft (4,890 sq ft)
Frontage: 98 ft
Storeys: 1
Style: Bungalow
Basement: Apartment in basement, N/A
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership

Rooms

Main level

Kitchen: 5.18 x 3.35 meters
Dining room: 3.35 x 3.35 meters
Living room: 3.35 x 7.31 meters
Bedroom 3: 3.05 x 3.35 meters
Bedroom 4: 3.05 x 3.35 meters
Bathroom: 1 x 1 meters
Laundry room: 3.35 x 3.35 meters

Second level

Living room: 5.48 x 4.57 meters
Primary Bedroom: 5.18 x 4.26 meters
Bedroom 2: 4.87 x 4.26 meters

Features

Appliances: Water meter, Water softener
Flooring: Tile, Hardwood, Vinyl
Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Carpet Free, In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Cambridge listings, avg age

57d

Price / ft²

$615

List price

$799K

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 7 days, which is 50 days fresher than the city average of 57. Act while there is still low competition.

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Listed by The Realty Bulls · SID SARKAR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1R)

This home lists at $799,000, about 10.4× the local median household income of $77,000.

Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 103% 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)

$799,000· $615/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,900

Min 6.87%50%

Mortgage payment$4,125/mo

↳ CMHC premium ($29,764 capitalized)

Property tax (est.)$433/mo

Total monthly$4,559

Cash Needed to Close

Down payment (6.87%)$54,900

Land transfer tax$12,455

Est. closing costs$4,897

Total cash needed$72,252

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