$699,900 - 50 Cambridge Street, Cambridge
Detached for Sale in Cambridge
76 days on market- MLS Number
- X12955580
- Property Type
- Detached
- Status
- active
- Days on Site
- 76
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- CENTURY 21 HERITAGE HOUSE LTD
Charming, Updated Century Stone Bungalow with Rare Zoning(MIXED USE ,INCLUDING RESIDENTIAL)! Welcome to this beautifully updated 4+1 bedroom stone bungalow, offering 1441 sq/ft of character and charm with approx. 9' ceilings and a perfect blend of historic appeal and modern updates. A rare opportunity featuring unique Residential & Commercial zoning!OFFICIAL PLAN DESIGNATED , MAJOR TRANSIT STATION AREA, Mutual or Shared Driveway- ideal for home-based businesses, investment, or simply enjoying a versatile space in a prime location. Open-concept KITCHEN & Living area with fireplace - bright, spacious, and perfect for entertaining and walkout to a stunning huge back deck. Fully finished basement with its own separate entrance -ideal for in-law suite, rental, or office. Opportunity to build a 500 sq/ft structure at the rear of the property (great investment potential).Recent Updates & Features, hardwood floors (2021) throughout main living area, Gas stove & fridge (2021). Updated light fixtures & window coverings, Professionally painted interior,200 Amp electrical service, shed (2021). close to all amenities, Steps to downtown restaurants, shops, and A walkable lifestyle in a desirable and evolving neighbourhood. This is truly a one-of-a-kind property-offering both flexibility and charm in an unbeatable location. Don't miss your chance to own a piece of history with modern comfort and exceptional potential!
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/mo
Includes CMHC insurance ($19,527)
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.
50 Cambridge 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 $636/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 76 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.
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.
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 $2,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.