$899,000 - 42 Rich Avenue, Cambridge
Detached for Sale in Cambridge
60 days on market- MLS Number
- X13019544
- Property Type
- Detached
- Status
- active
- Days on Site
- 60
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Welcome to 42 Rich Avenue and say hello to your forever home. HST rebate applies to all new builds. This newly built two-storey residence is completely move-in ready, designed to check every box on your wish list while exceeding your family's expectations. From the moment you step inside this impressive 2,315 sq. ft. home, you're welcomed by a grand staircase that sets the tone for the elegant finishes throughout. The open-concept main floor seamlessly connects the living, dining, and kitchen areas-perfect for hosting and entertaining. Enjoy a carpet-free main level with beautiful hardwood floors, pot lights throughout, a spacious kitchen waterfall island with a quartz countertop, and upgraded oak cabinetry complete with a built-in pantry. Ideal for guests or multi-generational living, the main floor also features a bedroom with its own walk-in closet and a three-piece ensuite. A convenient laundry room and powder room complete this level. Upstairs, the stunning oak staircase leads you to a thoughtfully designed second floor where every bedroom features its own walk-in closet-offering exceptional storage and organization for the entire family. The spacious primary suite boasts a walk-in closet and a luxurious spa-inspired five-piece ensuite. Two additional generously sized bedrooms, each with walk-in closets, share another beautifully appointed five-piece bathroom. The unspoiled basement provides endless possibilities- customize it to suit your family's needs or enjoy the additional storage space. Beautifully finished and tastefully designed, this home is ideally located just minutes from the downtown core, including the Gaslight District, the Grand River Pedestrian Bridge, and Hamilton Family Theatre, along with shopping, restaurants, and more. This is more than a house-it's the perfect place to call home.
Estimate your monthly payments for this property
Estimated Payment
$4,612.34/mo
Includes CMHC insurance ($25,082)
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.
42 Rich Avenue, 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 $450/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 60 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Cambridge. Good resale value as demand remains consistent.
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 $3,746 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.