$575,000

For sale

87 POPLAR Drive, Cambridge - Single Family for Sale

87 POPLAR Drive, Cambridge, Ontario, N3C3X3

3 beds2 baths3 parking1,655 ft²Listed 23 days ago

Overview

This 3-bedroom, 2-bathroom home in Cambridge is for sale offering roughly 1,655 sq ft of space. Listed at $575,000, it is attractively priced about 18% below the $699,900 median asking price in Cambridge. It has been on the market 23 days, fresher than the Cambridge average of 57 days.

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Description

Welcome to 87 Poplar Drive in Cambridge! This well-maintained semi-detached home offers a practical layout, thoughtful updates, and plenty of space to enjoy both inside and out. The main floor features a bright living and dining area with plenty of natural light, along with an updated white kitchen complete with stainless steel appliances and a convenient pass-through to the dining space. Upstairs, you'll find three bedrooms and an updated four-piece bathroom. The finished basement adds valuable living space with an open layout that's perfect for a rec room, home gym, or additional entertainment area, along with a second bathroom featuring a walk-in shower. Outside, the fully fenced backyard is set up for entertaining, featuring a large deck with a covered gazebo and a dedicated pad for a future hot tub. Complete with an attached garage, this home is located in Cambridge's Hespeler community, close to schools, parks, shopping, and everyday amenities, with convenient access to Highway 401. A great opportunity for anyone looking for comfortable living with room to grow. (id:66096)

Property Details

MLS®: 40871095
Property Type: Single Family
Zoning: RS1
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,655 ft²
Frontage: 40 ft
Storeys: 2
Style: Other
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage
Ownership: Freehold
Property Tax: $3,765/yr
Listed

Rooms

Basement

Laundry room: 6'7'' x 12'4''
3pc Bathroom
Recreation room: 10'4'' x 12'11''

Second level

4pc Bathroom
Bedroom: 9'4'' x 10'6''
Bedroom: 9'4'' x 11'1''
Primary Bedroom: 9'6'' x 15'5''

Main level

Kitchen: 8'5'' x 11'6''
Dining room: 8'10'' x 11'11''
Living room: 9'11'' x 12'5''

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan
Foundation: Poured Concrete
Exterior: Vinyl siding
Lot Features: Paved driveway

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

23d

Cambridge listings, avg age

57d

Price / ft²

$347

List price

$575K

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 23 days, which is 34 days fresher than the city average of 57. Act while there is still low competition.

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Listed by Flux Realty · MATTHEW FIERLING

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3C)

This home lists at $575,000, about 5.0× the local median household income of $114,000.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$575,000· $347/ft²

For sale

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Full Cost Breakdown

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Down Payment5.65% · $32,500

Min 5.65%50%

Mortgage payment$3,008/mo

↳ CMHC premium ($21,700 capitalized)

Property tax (est.)$314/mo

Total monthly$3,321

Cash Needed to Close

Down payment (5.65%)$32,500

Land transfer tax$7,975

Est. closing costs$4,225

Total cash needed$44,700

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