$729,000

For sale

6587 ELLIS Road East, Cambridge - Single Family for Sale

6587 ELLIS Road East, Cambridge, Ontario, N3C2V4

3 beds1 bath8 parking957 ft²11,761 sq ft (0.27 ac) lot sizeListed 51 days ago

Overview

This 3-bedroom, 1-bathroom home in Cambridge is for sale offering roughly 957 sq ft of space. Its $729,000 asking price sits right in line with the $699,900 median in Cambridge. It has been on the market 51 days, fresher than the Cambridge average of 57 days.

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

Description

Rare Opportunity – Rural Living Just Minutes from the City! Welcome to this beautifully updated 957 sq ft bungalow set on a 0.27-acre lot with a generous 60 ft x 200 ft (approx.) lot size. A true gem for those dreaming of countryside living without sacrificing convenience – located just outside the city limits with easy access to the 401 and all nearby amenities. The painted, newly renovated home offers the potential to build your dream home or even a tiny house! Adjacent to government-owned land to the east, enjoy an expansive feel without the added taxes. The property also features a 24' x 32' detached shop with hydro—perfect for a hobbyist, workspace, or additional storage. Don’t miss your chance to own affordable rural property in today’s market! Some photos are virtually staged. (id:66096)

Property Details

MLS®: 40859831
Property Type: Single Family
Zoning: A
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 8
Interior Size: 957 ft²
Lot Size: 11,761 sq ft (0.27 ac)
Frontage: 60 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: Detached Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Bedroom: 9'0'' x 11'10''
4pc Bathroom
Bedroom: 9'0'' x 12'0''
Primary Bedroom: 9'2'' x 12'0''
Kitchen: 15'0'' x 16'8''
Living room: 13'10'' x 15'0''

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: Block
Exterior: Stucco
Lot Features: Conservation/green belt, Crushed stone driveway, Country residential

Services

Water: Drilled Well, Well
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

51d

Cambridge listings, avg age

57d

Price / ft²

$762

List price

$729K

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 3-bed single family in Cambridge has been listed for 51 days, which is 6 days fresher than the city average of 57. Act while there is still low competition.

Set a price alert Book a showing

Listed by Re/Max Real Estate Centre Inc. · BHUV DHILLON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3C)

This home lists at $729,000, about 6.4× the local median household income of $114,000.

Carrying it typically needs a household income of about $142,399 (20% down, 25-yr amortization, stress-tested) — roughly 25% above 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)

$729,000· $762/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment6.57% · $47,900

Min 6.57%50%

Mortgage payment$3,776/mo

↳ CMHC premium ($27,244 capitalized)

Property tax (est.)$315/mo

Total monthly$4,091

Cash Needed to Close

Down payment (6.57%)$47,900

Land transfer tax$11,055

Est. closing costs$4,687

Total cash needed$63,642

Get Pre-Approved · Free & Fast

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

Rental cashflow calculator