$379,000

For saleJust listed

#1 405 Myers Road, Cambridge - Single Family for Sale

#1 405 Myers Road, Cambridge, Ontario, N1P0B6

2 beds2 baths1 parking950 ft²$247/mo condo feeListed 2 days ago

Overview

This 2-bedroom, 2-bathroom condo in Cambridge is for sale offering roughly 950 sq ft of space. Listed at $379,000, it is attractively priced about 24% below the $499,900 median asking price in Cambridge. It has been on the market 2 days, fresher than the Cambridge average of 57 days.

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Description

Welcome to this beautifully maintained stacked townhouse located at 405 Myers Rd in the heart of Cambridge. This bright and modern 2-bedroom, 2-bathroom home offers a perfect blend of comfort, style, and convenience-ideal for first-time buyers, downsizers, or investors. Step inside to discover a thoughtfully designed open-concept layout featuring a spacious living area, perfect for entertaining or relaxing at home. The kitchen is well-appointed with ample cabinetry and workspace, making meal prep both easy and enjoyable. The primary bedroom offers a private retreat with its own ensuite bathroom, while the second bedroom is generously sized and perfect for guests, a home office, or growing families. A second full bathroom adds extra convenience and functionality. Enjoy low-maintenance living with all the benefits of townhouse ownership, including modern finishes, in-suite laundry, and dedicated parking. Located in a desirable, family-friendly neighbourhood, you're just minutes from parks, schools, shopping, public transit, and major commuter routes. Whether you're looking to get into the market or expand your investment portfolio, this charming home is a fantastic opportunity you won't want to miss. (id:66096)

Property Details

MLS®: X14137706
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $247/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,357/yr
Listed: 2 days ago

Rooms

Main level

Kitchen: 6.93 x 5.76 meters
Living room: 6.93 x 5.76 meters
Primary Bedroom: 3.67 x 3.1 meters
Bedroom 2: 2.57 x 2.77 meters

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

Features

Exterior: Brick, Vinyl siding
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Cambridge listings, avg age

57d

Price / ft²

$399

List price

$379K

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 2-bed single family in Cambridge has been listed for 2 days, which is 55 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX HALLMARK REALTY LTD. · CHRIS KELOS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1P)

This home lists at $379,000, about 3.2× the local median household income of $118,000.

Carrying it typically needs a household income of about $74,032 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $118,000
Population: 7,991
Median age: 36
Owner / renter: 87% / 14%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA N1P)

$379,000· $399/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,950

Min 5%50%

Mortgage payment$1,996/mo

↳ CMHC premium ($14,402 capitalized)

Property tax (est.)$280/mo

Condo fee$247/mo

Total monthly$2,523

Cash Needed to Close

Down payment (5%)$18,950

Land transfer tax$4,160

Est. closing costs$3,637

Total cash needed$26,747

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