$799,999 - 24 Knack Lane, Cambridge
Townhouse for Sale in Cambridge
- MLS Number
- X13642406
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 18
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Offered for the very 1st time,this rarely available freehold end/unit bung/lft is located in one of Cambridge's most desirable communities for downsizers and empty nesters.Enjoy the convenience of nearby shopping or mall walking & everyday amenities, all just mins from your doorstep.Lovingly maintained by the original owner,this home showcases 9ft ceilings/ main flr, that has flawless hard/flr & ceramic, a beautiful hard/wd stair/cs leading up to the upp/ lev wth the same & lam/flr in the fin/base/mt,making this home completely carp/free.Unlike many dwn/sizing options,this home allows you to maintain the lifestyle you've grown accustomed to,with a spac/lv/dn rm,that can easily accommodate family gatherings and holiday dinners. The main flr, features the primary bdrm,a w-in/clst & a ch/3pcs/ens w/a, shower & gls/encl.A spac/eat-in kitch offers abundant cabinetry & direct patio door access to the cov/composite deck,while the convenient mn/flr laundry/rm adds to the ease of everyday liv/ng.Upstairs,you will find, 2 gener/sized bdrms & a 4pc/bth,that provides plenty of room for fam/members & guests.The fully fin/basemnt,offers flexibility,featuring a lrg rec/rm & gas fr/pl, a 3pcs bth & the potential for a an enclosed 4th bed/rm. As an end unit,the property also presents exciting possibilities for a sep walk/dwn/ent,creating excellent in-law or multigen/livg potential.The garage offers convenient inside access & additional overhead storage space,perfect for seasonal decor.The storage is ample,with 2 cold/rms, in the basement.The backyard is surrounded by mature cedar hedging, creating a private setting.Enjoy your morning coffee on the compo/deck or retreat to the add/side deck,where.These highly sought-after freehold bungalofts rarely become available. Combining the convenience of main/flr living with the space and versatility of a much larger home, this is truly a rare opportunity.
Estimate your monthly payments for this property
Estimated Payment
$4,104.41/mo
Includes CMHC insurance ($22,320)
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.
24 Knack Lane, 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 $533/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.
Market Position
At 18 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.
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.
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 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 $3,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.