$599,000 - 15 Borden Street, Cambridge
Detached for Sale in Cambridge
80 days on market- MLS Number
- X12936054
- Property Type
- Detached
- Status
- active
- Days on Site
- 80
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- SERIK REALTY INC
Legal Basement! Prime Location Near Downtown Cambridge & Grand River! Welcome to this beautifully renovated and income-generating home, perfectly located just minutes from Downtown Cambridge and the scenic Grand River. This stunning property offers the perfect combination of modern living, natural surroundings, and future investment potential.Featuring 5 spacious bedrooms (3+2) and 2 full bathrooms (1+1), this home is ideal for families and investors alike. The main floor showcases a brand-new modern kitchen with stainless steel appliances, elegant finishes, and pot lights throughout, creating a bright and inviting atmosphere.The fully finished legal basement apartment includes 2 bedrooms, a separate entrance, and its own kitchen, offering excellent rental income potential or multi-generational living flexibility.Situated on a huge premium lot, this property boasts a large private backyard-perfect for outdoor enjoyment, entertaining, or future enhancements. The solar panels installed on the roof provide energy efficiency and long-term savings.Enjoy the convenience of being close to schools, transit, shopping, and everyday amenities, while also benefiting from proximity to Cambridge's vibrant downtown core-known for its historic charm, cafes, restaurants, and boutique shops along the riverfront . The nearby Grand River offers beautiful trails, parks, and outdoor recreation, creating the perfect balance between urban living and nature .With its large lot size and future development potential, this is a rare opportunity you don't want to miss.Book your showing today!
Estimate your monthly payments for this property
Estimated Payment
$3,073.18/mo
Includes CMHC insurance ($16,712)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Cambridge
Cambridge is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Cambridge
- •Convenient location in Cambridge
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Cambridge offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
15 Borden Street, Cambridge
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $856/sqft, this property is priced in line with current Cambridge market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 80 days on site, this property has exceeded the typical selling timeline for Cambridge. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Cambridge are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Cambridge.
Investment Perspective
Looking at this as an investment: Cambridge properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,496 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.