$685,000

For sale

78 Michigan Avenue, Cambridge - Single Family for Sale

78 Michigan Avenue, Cambridge, Ontario, N3C0C9

3 beds3 baths2 parking1,300 ft²23 × 82 ft (1,886 sq ft) lot sizeListed 12 days ago

Overview

This 3-bedroom, 3-bathroom home in Cambridge is for sale offering roughly 1,300 sq ft of space. Its $685,000 asking price sits right in line with the $709,000 median in Cambridge. It has been on the market 12 days, fresher than the Cambridge average of 57 days.

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Description

Beautiful freehold townhouse in the sought-after Hespeler neighbourhood-welcome to 78 Michigan Avenue! This well-maintained home features 3 bedrooms and 2.5 bathrooms, with a bright,open-concept main floor offering a separate dining area, spacious kitchen and living room, and sliding doors leading to a fully fenced backyard. Upstairs, the spacious primary bedroomfeatures a walk-in closet and private ensuite, complemented by two additional generously sized bedrooms. The finished basement with rec room provides valuable extra living space, perfect for a family room, home office or entertainment area.Conveniently located near schools, parks, trails, shopping and everyday amenities, with easy access to Hespeler Road, Highway 401 and Highway 8. The Region of Waterloo International Airport is also within a short drive. Enjoy nearby Michigan Avenue Park and outdoor recreation around the Speed River and Mill Pond Park. A move-in-ready home offering space, comfort andconvenience in a desirable Hespeler location. (id:66096)

Property Details

MLS®: X14111980
Property Type: Single Family
Zoning: Res
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 23 × 82 ft (1,886 sq ft)
Frontage: 23 ft
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax

Features

Foundation: Unknown
Exterior: Brick, Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Cambridge listings, avg age

57d

Price / ft²

$527

List price

$685K

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 99.9 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 12 days, which is 45 days fresher than the city average of 57. Act while there is still low competition.

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Listed by CENTURY 21 PROPERTY ZONE REALTY INC. · Rahul Kalra

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3C)

This home lists at $685,000, about 6.0× the local median household income of $114,000.

Carrying it typically needs a household income of about $133,804 (20% down, 25-yr amortization, stress-tested) — roughly 17% 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)

$685,000· $527/ft²

For sale

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Full Cost Breakdown

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Down Payment6.35% · $43,500.00

Min 6.35%50%

Mortgage payment$3,557/mo

↳ CMHC premium ($25,660 capitalized)

Property tax (est.)$360/mo

Total monthly$3,917

Cash Needed to Close

Down payment (6.35%)$43,500

Land transfer tax$10,175

Est. closing costs$4,555

Total cash needed$58,230

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