$674,900 - 1821 Biscayne Drive, Cambridge
Detached for Sale in Cambridge
31 days on market- MLS Number
- X13596950
- Property Type
- Detached
- Status
- active
- Days on Site
- 31
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Welcome to a home where pride of ownership is immediately apparent. Meticulously maintained and thoughtfully updated throughout, this move-in-ready bungalow offers the rare opportunity to simply unpack and enjoy without the worry of major future expenses. Nestled in one of the area's most sought-after neighbourhoods, you'll love the friendly community atmosphere, oversized lots, beautifully maintained homes, and direct access to a stunning conservation area with scenic walking trails just steps away. Plus convenient access to hwy 401 for commuters. Inside, you'll find a beautifully renovated kitchen and updated bathrooms, complemented by extensive improvements to the home's major mechanical components. The carpet-free interior offers four spacious bedrooms and two full bathrooms, providing comfortable living for families of all sizes. The walkout basement is truly exceptional. Bright and inviting, it features large full-size windows and double glass doors that showcase the picturesque, park-like backyard while flooding the space with natural light. The separate entrance creates outstanding potential for an in-law suite or multigenerational living, offering flexibility to suit your family's needs. Step outside to your private backyard retreat, complete with an 8-person hot tub-the perfect place to relax or entertain year-round. Additional updates include a high-efficiency furnace and central air conditioner (approximately 3 years old) and an owned hot water heater replaced just 6 months ago, providing valuable peace of mind. A home that combines exceptional maintenance, quality updates in a great location. This is one you won't want to miss.
Estimate your monthly payments for this property
Estimated Payment
$3,462.59/mo
Includes CMHC insurance ($18,830)
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.
1821 Biscayne Drive, Cambridge
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Rental income estimator & ROI calculator
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 $964/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.
Market Position
At 31 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 $2,812 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.