$619,900 - 22 Cathay Street, Cambridge
Detached for Sale in Cambridge
71 days on market- MLS Number
- X12978710
- Property Type
- Detached
- Status
- active
- Days on Site
- 71
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Discover the perfect blend of historic charm and modern upgrades in this beautifully refreshed century home ideally situated on a premium corner lot near downtown Cambridge. Recently updated from top to bottom-inside and out-with fresh paint, new flooring, modern lighting, and upgraded bathrooms, this property offers exceptional versatility for both residential and commercial use. The main floor, previously used as a doctor's office and a paving company's office for several years, features three separate entrances, 10' ceilings, and three spacious rooms, along with a 3-piece bath and a kitchen-ideal for professionals such as lawyers, chiropractors, hairdressers, or doctors looking to operate a business from home. The upper-level apartment showcases stunning Brazilian hardwood floors, a marble-accented 3-piece bath, a spacious bedroom, open-concept living/dining area, and an eat-in kitchen with a gas range and a built-in island with sink. From the kitchen, step out to a freshly painted deck with a gazebo, perfect for relaxing or hosting BBQs. Outside, enjoy ample parking with a triple-wide paved driveway on one side and an extra-deep (over 70 ft) single driveway(unpaved) on the other. Located just minutes from Cambridge's downtown core, with access to city offices, shops, and restaurants, this property truly offers a live-and-work-from-home opportunity you don't want to miss! Note : This Property have 3 Separate Entrances to house and 2 Separate Civic Address as well : 22 Cathay St & 55 Pollock Ave, Cambridge.
Estimate your monthly payments for this property
Estimated Payment
$3,180.41/mo
Includes CMHC insurance ($17,295)
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.
22 Cathay 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
Competitive Pricing
At $310/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 71 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $2,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.