$699,888

For sale

83 Concession Street, Cambridge - Single Family for Sale

83 Concession Street, Cambridge, Ontario, N1R2H2

3 beds2 baths7 parking1,750 ft²50 × 150 ft (7,500 sq ft) lot sizeListed 55 days ago

Overview

This 3-bedroom, 2-bathroom home in Cambridge is for sale offering roughly 1,750 sq ft of space. Its $699,888 asking price sits right in line with the $699,900 median in Cambridge.

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Description

Welcome to this charming 3-bedroom, 2-bath detached home situated in a quiet, mature and well-established neighbourhood! This inviting 1.5-storey home is filled with character and offers spacious principal rooms, a functional layout and plenty of potential. An excellent opportunity for first-time buyers, investors or anyone looking to create a home of their own. Enjoy a deep lot with a large backyard, perfect for entertaining, gardening or family enjoyment. Private driveway offers ample parking. Surrounded by mature trees and conveniently located close to schools, parks, transit, shopping and everyday amenities. A fantastic opportunity to own a detached home in a sought-after community-don't miss it! (id:66096)

Property Details

MLS®: X13776332
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 7
Interior Size: 1,750 ft²
Lot Size: 50 × 150 ft (7,500 sq ft)
Frontage: 50 ft
Storeys: 1
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Carport, No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $3,592.56/yr
Listed

Rooms

Main level

Living room: 4.09 x 3.94 meters
Sunroom: 3.43 x 3.43 meters
Family room: 3.96 x 4.14 meters
Kitchen: 3.89 x 2.21 meters
Dining room: 3.99 x 3.96 meters

Second level

Bedroom 3: 3.96 x 3.3 meters
Primary Bedroom: 3.4 x 3.96 meters
Bedroom 2: 3.3 x 3.95 meters

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

Features

Foundation: Unknown
Exterior: Aluminum siding, Concrete Block

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Cambridge listings, avg age

57d

Price / ft²

$400

List price

$700K

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 55 days, which is 2 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX PARAMOUNT REALTY · ANMOL FARMAH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1R)

This home lists at $699,888, about 9.1× the local median household income of $77,000.

Carrying it typically needs a household income of about $136,713 (20% down, 25-yr amortization, stress-tested) — roughly 78% 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)

$699,888· $400/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,988.80

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,196 capitalized)

Property tax (est.)$299/mo

Total monthly$3,930

Cash Needed to Close

Down payment (6.43%)$44,989

Land transfer tax$10,473

Est. closing costs$4,600

Total cash needed$60,062

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