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$475,000
Cambridge
76 AVENUE Road, Cambridge, Ontario, N1R1C1
This 2-bedroom, 2-bathroom home in Cambridge is for sale offering roughly 1,075 sq ft of space. Listed at $475,000, it is attractively priced about 32% below the $699,900 median asking price in Cambridge. It has been on the market 37 days, fresher than the Cambridge average of 57 days.
Welcome to 76 Avenue Rd, a beautifully renovated and well-maintained bungalow situated on a desirable corner lot in an established Cambridge neighbourhood. Offering 2 bedrooms and 2 bathrooms with approximately 1,075 sq. ft. of living space, this home features a refreshed kitchen, bright and inviting principal rooms, and comfortable main-floor living. The finished lower level adds incredible versatility with a second kitchen, bathroom, and separate entrance, creating an ideal space for extended family, guests, or flexible living arrangements. With its separate entrance, second kitchen and bathroom, the lower level offers huge potential for creating a secondary suite, subject to City of Cambridge approvals and applicable zoning requirements. The approximately 40' x 107' corner lot provides excellent outdoor space, added privacy, and future potential, with opportunities for an additional residential unit or other development possibilities, subject to City approvals and zoning requirements. A school located on the same block adds exceptional convenience for families, while the established neighbourhood offers a great balance of comfort and accessibility. Whether you’re a first-time buyer, growing family, downsizer, or investor, 76 Avenue Rd presents a fantastic opportunity to own a move-in-ready detached home with valuable lower-level space and exciting future potential. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 37 days on market, against an average age of 57 days across the listings currently for sale in this city
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.
This 2-bed single family in Cambridge has been listed for 37 days, which is 20 days fresher than the city average of 57. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $475,000, about 6.2× the local median household income of $77,000.
Carrying it typically needs a household income of about $92,784 (20% down, 25-yr amortization, stress-tested) — roughly 20% above the area median.
Source: Statistics Canada, 2021 Census (FSA N1R)
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Loading rates, 30-yr amortization
Cash Needed to Close
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