$495,000

For sale

#23 220 SALISBURY Avenue, Cambridge - Single Family for Sale

#23 220 SALISBURY Avenue, Cambridge, Ontario, N1S1K5

3 beds3 baths2 parking2,022 ft²$1,104/mo condo feeListed 55 days ago

Overview

This 3-bedroom, 3-bathroom condo in Cambridge is for sale offering roughly 2,022 sq ft of space. Its $495,000 asking price sits right in line with the $499,900 median in Cambridge. It has been on the market 55 days, fresher than the Cambridge average of 58 days.

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Description

Welcome to this multi-level townhouse condo tucked away in a premier neighborhood, perfectly blending functional modern living with serene natural beauty! The welcoming foyer sets the stage with a spacious closet and a convenient two-piece powder room. Step into the bright, open-concept main floor, where near floor-to-ceiling windows frame stunning forest views and regular wildlife sightings. The beautifully refreshed kitchen is a chef's delight, complete with cozy heated floors, a double pantry, and sleek stainless steel appliances. Upstairs serves as a peaceful retreat, featuring a generous primary bedroom with its own private two-piece ensuite, a bright second bedroom, a full bathroom, and a flexible third bedroom currently used as a den. The walk-out lower level is built for entertaining, boasting a fully finished recreation room, a condo-approved hot tub, and direct access to a private deck overlooking the woods—ideal for bird watching or unwinding in nature. Complete with two parking spaces (including one garage), quick transit access, and a short walk to the vibrant downtown core, this property is a rare find for nature lovers. Best of all, condo fees are paid until 2027, and water is included in the condo fees! (id:66096)

Property Details

MLS®: 40862222
Property Type: Single Family
Zoning: R3
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 2
Parking: 2
Interior Size: 2,022 ft²
Year Built: 1972
Storeys: 4
Basement: Finished, Full
Heating: Heat Pump, Forced air
Cooling: Central air conditioning
Garage: Attached Garage
Fireplace: Yes
Condo Fee: $1,104/mo
Fee Includes

Rooms

Lower level

Utility room: 4'8'' x 4'2''
Laundry room: 7'6'' x 5'10''

Basement

Recreation room: 10'1'' x 21'0''

Upper Level

4pc Bathroom: 5' x 10'8''
Bedroom: 13'2'' x 11'5''
2pc Ensuite bath: 6'1'' x 4'11''
Primary Bedroom: 12'9'' x 19'6''

Third level

Bedroom: 7'7'' x 10'0''

Second level

Features

Appliances: Washer, Refrigerator, Water softener, Hot Tub, Central Vacuum, Dishwasher, Stove, Dryer, Microwave, Garage door opener
Foundation: Poured Concrete
Exterior: Wood, Brick Veneer
Lot Features: Backs on greenbelt, Conservation/green belt, Paved driveway, Automatic Garage Door Opener

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Cambridge listings, avg age

58d

Price / ft²

$245

List price

$495K

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 3 days fresher than the city average of 58. Act while there is still low competition.

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Listed by Royal Lepage Crown Realty Services · JESSICA MONTAGUE MARCH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1S)

This home lists at $495,000, about 5.2× the local median household income of $95,000.

Carrying it typically needs a household income of about $96,691 (20% down, 25-yr amortization, stress-tested) — roughly 2% above the area median.

Median household income: $95,000
Population: 20,171
Median age: 42.8
Owner / renter: 71% / 29%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N1S)

$495,000· $245/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,750

Min 5%50%

Mortgage payment$2,607/mo

↳ CMHC premium ($18,810 capitalized)

Property tax (est.)$299/mo

Condo fee$1,104/mo

Total monthly$4,010

Cash Needed to Close

Down payment (5%)$24,750

Land transfer tax$6,375

Est. closing costs$3,985

Total cash needed$35,110

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