$680,000

For saleJust listed

731 Elgin Street North, Cambridge - Single Family for Sale

731 Elgin Street North, Cambridge, Ontario, N1R7W5

3 beds2 baths4 parking1,300 ft²46 × 110 ft (5,011 sq ft) lot sizeListed 7 days ago

Overview

This 3-bedroom, 2-bathroom home in Cambridge is for sale offering roughly 1,300 sq ft of space. Its $680,000 asking price sits right in line with the $699,900 median in Cambridge. It has been on the market 7 days, fresher than the Cambridge average of 57 days.

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Description

Welcome to 731 ELGIN St. A beautiful Renovated, detached property ready for you to call home. Located in the popular North Galt neighborhood of Cambridge, this three bedroom, two bathroom home offers you the Perfect finished living space between the main floor and a fully finished basement. The main level features a bright living and dining area, a modern kitchen with lovely (soft) cabinetry, quartz countertop and tile backsplash, complimented by the upper floor with three bedrooms, a full washroom, and lovely greenery views. Downstairs, the fully finished basement adds a spacious family room to be used as a home gym, a cozy reading nook, or for extended family living. A second full bathroom complements it along with a laundry area with plenty of storage. Additional comforts include central air conditioning, and a water softener for added health and peace of mind. Outside, the double French-doors open to a lovely deck either for a cool morning coffee, watching the sunset or for BBQ parties, perfect for relaxing or entertaining through the warmer months. With no house at the back, you get a serene view of the green space and added privacy. The attached garage and private double wide driveway provide parking for up to four vehicles. Located within the Waterloo Catholic District School Board and next door to Waterloo Region District School Board areas, with easy access to public transit, a dog park, a hospital, and a recreation centre nearby, this home is a wonderful opportunity in one of Cambridge's family friendly communities. (id:66096)

Property Details

MLS®: X14131482
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 46 × 110 ft (5,011 sq ft)
Frontage: 46 ft
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $3,972.26/yr
Listed: 7 days ago

Rooms

Main level

Living room: 5.74 x 3.51 meters
Dining room: 4.55 x 2.24 meters
Kitchen: 3.73 x 2.74 meters

Second level

Primary Bedroom: 4.19 x 3.35 meters
Bedroom 2: 3.3 x 3.32 meters
Bedroom 3: 3 x 3.39 meters

Basement

Recreational, Games room: 3.66 x 2.08 meters
Recreational, Games room: 3.53 x 4.24 meters

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

Features

Appliances: Refrigerator, Water purifier, Water softener, Dishwasher, Stove, Microwave, Window Coverings, Garage door opener, Garage door opener remote(s), Water Heater
Flooring: Laminate, Porcelain Tile
Foundation: Concrete
Exterior: Brick, Aluminum siding
Lot Features: Conservation/green belt, Carpet Free

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Cambridge listings, avg age

57d

Price / ft²

$523

List price

$680K

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 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 HOMELIFE SILVERCITY REALTY INC. · NANDA MUTHANNA PUCHIMADA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1R)

This home lists at $680,000, about 8.8× the local median household income of $77,000.

Carrying it typically needs a household income of about $132,828 (20% down, 25-yr amortization, stress-tested) — roughly 73% 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)

$680,000· $523/ft²

For sale

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Full Cost Breakdown

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Down Payment6.32% · $43,000

Min 6.32%50%

Mortgage payment$3,532/mo

↳ CMHC premium ($25,480 capitalized)

Property tax (est.)$331/mo

Total monthly$3,863

Cash Needed to Close

Down payment (6.32%)$43,000

Land transfer tax$10,075

Est. closing costs$4,540

Total cash needed$57,615

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