$1,129,000 - 23 Handorf Drive, Cambridge
Detached for Sale in Cambridge
49 days on market- MLS Number
- X13053142
- Property Type
- Detached
- Status
- active
- Days on Site
- 49
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- Royal Lepage Real Estate Associates
*ELEVATED ELEGANCE in Hespeler Village* This regal residence makes a classy first impression showcasing 4+1 BEDROOMS 4 BATHROOMS and 3,121 Total SqFt - revealed inside is a striking staircase, setting a sophisticated tone with an interior designer's flair. At the heart of the home, the Contemporary kitchen is interconnected to the formal Dining & Living rooms for entertaining with ease, flowing seamlessly to the incredible sunny back deck. The upper floor boasts 4 gorgeous Bedrooms (one has been converted into an epic custom Walk-In Closet!), plus the luxurious Primary Ensuite bathroom. The magazine-worthy basement offers a versatile environment, perfect for Guests or an In-Law Suite! Featuring a sleek wet bar kitchen, comfy lounge space, stylish laundry area, bonus 5th bedroom + walk-out to the beautiful manicured backyard sanctuary. (NOTE: Some photos have been virtually edited/staged.). Experience the timeless allure of Hespeler Village, a charming historic enclave nestled along the scenic banks of the Speed River. This unique "village within a city" is defined by its stunning 19th-century limestone architecture and a vibrant community spirit that breathes life into the beautifully preserved European-style buildings lining Queen Street. Residents enjoy a lifestyle rich in culture and activity, from summer street festivals and bustling markets to peaceful afternoons by Hespeler Falls. The neighbourhood is celebrated for its cozy, locally-owned establishments that serve as the heart of social life. Hespeler provides seamless connectivity via Grand River Transit and quick access to Highway 401, making it an ideal location for commuters traveling within the Waterloo Region or toward the GTA. Dreams really do come true, must see it to believe it!
Estimate your monthly payments for this property
Estimated Payment
$4,993.95/mo
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.
23 Handorf Drive, 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 $565/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 49 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.
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.
Bathroom Count Matters
With 4 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 $4,704 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.