$699,000 - 27 Elizabeth Street, Cambridge
Detached for Sale in Cambridge
New — Listed 7 days ago- MLS Number
- X13411098
- Property Type
- Detached
- Status
- active
- Days on Site
- 7
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- ROCK STAR REAL ESTATE INC.
This charming brick bungalow is nestled on a corner lot in the picturesque Hespeler Village. Boasting 2+1 bedrooms and 2 bathrooms, the home features a newly renovated in-law suite on the lower level with its own separate entrance. On the main floor, you will find a full kitchen with a dining room attached. The front room features a large window that overlooks the mature trees lining this sought-after neighbourhood. The main floor includes a galley style kitchen, 4 piece bathroom, spacious living room and convenient in-suite laundry. At the end of the hallway you will find the 2 bedrooms. The basement is perfect for rental income as an in-law suite, or for multi-generational living. It has a separate entrance that leads into a full large kitchen. From the kitchen you will find the living room, another bedroom, and a 3 piece washroom. The living room boasts a gas fireplace, an egress window and even a cold cellar. The bedroom also has an egress window and large closet. The basement has its own in-suite laundry located in the mechanical room. The entire home is completely carpet-free and has been thoughtfully updated with a newer roof, high-efficiency furnace, central air conditioning, and upgraded electrical panel (200amps). The backyard is fenced with an extremely large covered patio perfect for barbecuing and entertaining. It also features a rock wall and garden giving a great sense of privacy. The driveway can accommodate 4 cars easily and has a 1 car garage. Perfectly located for families, the property is just minutes walk to Our Lady of Fatima Catholic Elementary School and Hillcrest Public School. Downtown Hespeler, the Mill Pond, WG Johnson Centre and Parks are also just a quick walk away. An excellent starter or family home in a highly desirable location that won't last long!
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
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.
27 Elizabeth 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 $999/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Cambridge's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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.
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 $2,913 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.