$809,900
Cambridge
76 MADEIRA Crescent, Cambridge, Ontario, N1R8A1
This 6-bedroom, 3-bathroom home in Cambridge is for sale offering roughly 3,368 sq ft of space. It has been on the market 44 days, fresher than the Cambridge average of 57 days.
INVESTORS & MULTI-GENERATIONAL BUYERS — 6 BEDROOMS + INCOME POTENTIAL! SPACE. FLEXIBILITY. INCOME POTENTIAL. Welcome to this impressive 6-bedroom, 3-bathroom backsplit in the family-friendly Galt East area of Cambridge, offering an incredible 3,368+ sq. ft. of finished living space. Whether you're an investor looking to add a property with rental potential, a savvy buyer seeking a home that can help offset carrying costs, or a family needing space for multi-generational living, this property offers the flexibility today's buyers are looking for. One of the biggest advantages is the separate potential income suite with its own entrance. Use it for extended family, a private guest area, a home-based setup, or explore its potential as a rental space. The layout provides multiple possibilities for creating additional value and maximizing the home's functionality. Inside, you'll find six bedrooms, three bathrooms, generous living areas, and hardwood flooring, providing plenty of room for larger households or flexible tenant arrangements. With over 3,368 sq. ft. of finished space, there is no shortage of room to work with. The outdoor space adds even more appeal. The large, fully fenced backyard, mature shrubs, and wrap-around deck create an inviting private setting for entertaining, relaxing, or enjoying time with family. For investors and larger households alike, parking and storage are also a major plus. The property offers ample parking plus a double garage, providing valuable additional space for vehicles, or equipment. And the location makes this opportunity even more compelling. Situated in Galt East, this established, family-oriented neighbourhood offers convenient access to the amenities, services, schools, transportation routes, and everyday conveniences that make Cambridge an attractive place to live and invest. Don't overlook the possibilities. Book your private showing today and explore the potential this property has to offer! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 44 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 6-bed single family in Cambridge has been listed for 44 days, which is 13 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 $809,900, about 10.5× the local median household income of $77,000.
Carrying it typically needs a household income of about $158,202 (20% down, 25-yr amortization, stress-tested) — roughly 105% above the area median.
Source: Statistics Canada, 2021 Census (FSA N1R)
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.