$549,000 - 5 Easton Street, Cambridge
Detached for Sale in Cambridge
New — Listed 6 days ago- MLS Number
- X13412330
- Property Type
- Detached
- Status
- active
- Days on Site
- 6
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Fantastic Opportunity for First-Time Buyers, Families, Downsizers, and Investors in the Heart of Cambridge! Welcome to this charming bungalow located on a quiet cul-de-sac in a highly desirable central location. Situated beside Delta Plaza, across from Tim Hortons, within walking distance to Cambridge Memorial Hospital, and just minutes from Downtown Cambridge, this property offers outstanding convenience and long-term value. Featuring 3 bedrooms, 2 full bathrooms, and over 1,200 sq. ft. of finished living space, this home is move-in ready and full of potential. The inviting living room showcases new waterproof vinyl flooring, fresh paint, modern pot lights, and large windows that fill the space with natural light. The functional kitchen includes a brand-new stove and dishwasher and offers direct access to the private, fully fenced backyard, perfect for entertaining, gardening, or family gatherings. The fully finished basement adds valuable living space with a large recreation room, spacious bedroom, and full bathroom, ideal for extended family, guests, a home office, or potential income-generating opportunities. Additional features include a detached garage, ample parking, updated front and rear foyers, and excellent curb appeal. Investors will appreciate the rare M2 zoning, offering potential future commercial, mixed-use, home business, or redevelopment opportunities (Buyer to verify permitted uses). Located close to schools, parks, trails, recreation centers, shopping, transit, and major amenities, this property combines lifestyle, convenience, and investment potential. Whether you're looking for a comfortable home to live in or a property with future upside, this is an opportunity you won't want to miss. Book your private showing today!
Estimate your monthly payments for this property
Estimated Payment
$2,816.65/mo
Includes CMHC insurance ($15,317)
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.
5 Easton 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 $784/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.
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 $2,288 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.