$999,000 - 2340 Fountain Street, Cambridge
Detached for Sale in Cambridge
36 days on market- MLS Number
- X13123116
- Property Type
- Detached
- Status
- active
- Days on Site
- 36
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- KINGSWAY REAL ESTATE
UNLIMITED POTENTIAL !!!!!!! SUPER LARGE BUNGALOW ON A HALF ACRE PRIME LOT RIGHT IN THE CITY. ALMOST 2000 SQ FT BUNGALOW WITH A DOUBLE CAR GARAGE & A HUGE DETACHED WORKSHOP (CURRENTLY RENTED FOR 1K/MONTH ON MONTH TO MONTH BASIS. A PROPERTY WITH UNLIMITED POTENTIAL TO CONVERT THE ZONING INTO COMMERCIAL, DO AN UPSCALE RESIDENTIAL ESTATE HOME OR EVEN ROW TOWNHOUSES. LARGE BUNGALOW ALMOST 2000 SQ FT WITH THE EXTENSION. FEATURING 4 BEDROOMS & 2 FULL UPGRADED WASHROOMS. A RECENTLY UPDATED KITCHEN. A HUGE ADDED FAMILY ROOM. OPEN FOYER. BRAND NEW SEPTIC TANK JUST INSTALLED (SOD WILL BE LAID SOON). HUGE DETACHED HEATED WORKSHOP. AN AMAZING LOCATION 4 MINS AWAY FROM HIGHWAY 401, 1 MINUTE AWAY FROM WATERLOO INTERNATIONAL AIRPORT, TOYOTA PLANT , SCHOOLS & SHOPPING & ALL OTHER CONVENIENCES. THIS ONE ONE LAST LONG!!!! SOME PICTURES ARE VIRTUALLY STAGED FIOR ILLUSTRATION PURPOSE ONLY.
Estimate your monthly payments for this property
Estimated Payment
$5,125.39/mo
Includes CMHC insurance ($27,872)
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.
2340 Fountain 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 $666/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.
Market Position
At 36 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $4,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.