$739,900
Cambridge
99 LINNWOOD Avenue, Cambridge, Ontario, N1R1V2
This 4-bedroom, 2-bathroom home in Cambridge is for sale offering roughly 2,437 sq ft of space. It has been on the market 24 days, fresher than the Cambridge average of 57 days.
Live in one. Rent the other. Am opportunity for homeowners and investors alike! Welcome to this all-brick bungalow in East Galt, situated on a generous 50 x 134 ft. lot and offering two living spaces, two kitchens and two full bathrooms. Whether you're looking to offset your monthly mortgage payments, generate rental income or accommodate extended family, this property offers the flexibility and opportunity to make it happen! The spacious main floor features 3 bedrooms, hardwood flooring, updated kitchen and bathroom and comfortable everyday living, while the lower level offers 1-bedroom with its own kitchen, bathroom, living area and separate entrance. A shared laundry area provides convenience for both living spaces. Currently owner-occupied, the property presents an opportunity to live on one level, and accomodate extended family in the lower level. Enjoy a fully fenced backyard with plenty of space for entertaining, gardening or relaxing. Important updates include roof shingles (2018), furnace (2021), owned tankless water heater (2021) and owned water softener (2018). Additional features include carpet-free living and a cold room. For first-time buyers, this could be a practical way to enter the housing market with help from rental income. For investors, it's an opportunity to explore two living spaces. And for families, it offers the benefit of living close while maintaining separate spaces. Two units. One smart investment. Don't miss your opportunity to see the potential for yourself. Book your private showing today! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 24 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 4-bed single family in Cambridge has been listed for 24 days, which is 33 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 $739,900, about 9.6× the local median household income of $77,000.
Carrying it typically needs a household income of about $144,528 (20% down, 25-yr amortization, stress-tested) — roughly 88% above the area median.
Source: Statistics Canada, 2021 Census (FSA N1R)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.