$799,900

For sale

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503 MAIN Street, Cambridge - Single Family for Sale

503 MAIN Street, Cambridge, Ontario, N1R5S7

4 beds2 baths4 parking ft²

361 Queen Street West, Cambridge, Ontario, N3C1G6

4 bd2 ba6 pk1,300 ft²Lot size 66 × 343 ft (22,651 sq ft)

Listed by PEAK REALTY LTD.

775 RIVERSIDE Drive, Cambridge, Ontario, N3H2V1

For saleJust listed

Today

$860K

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

Investment analysis

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$799,900

Cambridge

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Overview

This 4-bedroom, 2-bathroom home in Cambridge is for sale offering roughly 1,430 sq ft of space. It has been on the market 53 days, fresher than the Cambridge average of 57 days.

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

Description

Location, Location, Location!! Main St. It will be renovated from ground up. New Drywalls, New Insulation, New Windows, New Hvac, New Plumbing, New Electrical, Panel 200 amps, Facade, New Kitchen etc. 4 Beds and 2 Full baths with an oversize Family room. A basement with a separate entrance has the potential to add another unit. Currently finishing as legal non-conforming residential. C2 zoned. Endless possibilities for commercial or mixed-use required city permit approval.. Perfect for live/work setups, commercial conversion, or buy-and-hold investing! Outside siding may not be same color. (id:66096)

Property Details

MLS®: 40862769
Property Type: Single Family
Zoning: C2
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 1,430 ft²
Frontage: 50 ft
Storeys: 2
Style: Multi-level
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: None
Ownership: Freehold
Property Tax: $2,941.8/yr
Listed: 53 days ago

Rooms

Second level

3pc Bathroom
Bedroom: 8'0'' x 10'0''
Bedroom: 10'8'' x 10'8''

Main level

4pc Bathroom
Bedroom: 8'0'' x 10'0''
Primary Bedroom: 10'0'' x 10'0''
Living room: 10'0'' x 10'0''
Dining room: 10'0'' x 10'0''
Kitchen: 10'0'' x 10'0''

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Foundation: Poured Concrete
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

53d

Cambridge listings, avg age

57d

Price / ft²

$559

List price

$800K

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 53 days, which is 4 days fresher than the city average of 57. Act while there is still low competition.

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Listed by HOMELIFE MIRACLE REALTY LTD. · PAVAN SHARMA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1R)

This home lists at $799,900, about 10.4× the local median household income of $77,000.

Carrying it typically needs a household income of about $156,248 (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)

$799,900· $559/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,990

Min 6.87%50%

Mortgage payment$4,130/mo

↳ CMHC premium ($29,796 capitalized)

Property tax (est.)$245/mo

Total monthly$4,375

Cash Needed to Close

Down payment (6.87%)$54,990

Land transfer tax$12,473

Est. closing costs$4,900

Total cash needed$72,363

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