$698,888 - 400 Newman Drive Unit 31, Cambridge
Townhouse for Sale in Cambridge
105 days on market- MLS Number
- X12854072
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 105
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- THE DIAMOND REALTY INC.
Welcome to contemporary living in the heart of Cambridge! This stylish 3-storey, 3-bedroom, 3-bathroom townhome, built in 2024, offers over 1,600 sq. ft. of thoughtfully designed living space, blending modern finishes with everyday comfort! Step into the open-concept main floor, where large windows and a functional layout create a bright, inviting atmosphere. As you transition to the second floor, you're welcomed into a sleek kitchen which is the centrepiece of the home, featuring stainless steel appliances, a generous kitchen island with seating, and ample cabinetry-perfect for both casual meals and entertaining! The adjoining living and dining areas provide a seamless flow, ideal for hosting friends or relaxing at the end of the day. All three bedrooms are well-proportioned, offering plenty of space for rest, work, or study. The bathrooms are tastefully finished with modern fixtures and clean lines, enhancing the home's fresh, contemporary feel. With three full storeys, there is a comfortable separation of living, sleeping, and entertaining areas, giving everyone room to spread out. One of the standout features is the private rooftop patio-an impressive outdoor extension of your living space. It's the perfect spot for morning coffee, evening drinks, or summer gatherings under the open sky! Move-in ready and designed with style in mind, this luxury townhome delivers a low-maintenance, lock-and-leave lifestyle in a desirable Cambridge location. If you're looking for a spacious, modern home with upgraded features and a rooftop retreat, this property deserves your attention!
Estimate your monthly payments for this property
Estimated Payment
$3,585.66/mo
Includes CMHC insurance ($19,499)
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.
400 Newman Drive Unit 31, 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 $466/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 105 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Cambridge have shown strong appreciation as families seek more space.
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 $2,912 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.