$1,098,000 - 3 LOCKWOOD Street, Cambridge
Detached for Sale in Cambridge
New — Listed 7 days ago- MLS Number
- X13504936
- Property Type
- Detached
- Status
- active
- Days on Site
- 7
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX Real Estate Centre Inc
*BACKYARD DREAMS. FAMILY MEMORIES. A HOME THAT HAS IT ALL.** Welcome to 3 Lockwood Street, where exceptional family living meets resort-style outdoor enjoyment in one of Cambridge's most sought-after neighbourhoods. Offering over 3,500 sq. ft. of finished living space, this beautifully maintained 5-bedroom, 4-bathroom home delivers the perfect balance of comfort, functionality, and lifestyle. From the moment you step inside, you'll appreciate the spacious layout designed for growing families and entertaining alike. The heart of the home is the custom kitchen featuring granite countertops, abundant cabinetry, a breakfast bar, and a bright dinette overlooking the backyard oasis. The adjoining family room with gas fireplace creates the perfect gathering space for everyday living and special occasions. Upstairs, the impressive primary retreat offers a luxurious ensuite, walk-in closet, and additional his-and-hers closets, while three generously sized bedrooms and upper-level laundry provide convenience for busy families. The finished basement adds valuable flexibility with a large recreation area, fifth bedroom, full bathroom, and plenty of storage-ideal for guests, teens, multi-generational living, or a home office setup. Step outside and discover what truly sets this property apart. Spend your summers enjoying the heated inground pool, hosting family BBQs on the expansive patios, or simply relaxing in the fully fenced backyard designed for making lasting memories. Located in a family-friendly community close to schools, parks, trails, shopping, golf, and commuter routes, this home offers the space you need, the lifestyle you want, and the location you'll love.**Homes offering this combination of size, outdoor amenities, and family-focused design rarely become available. Don't miss your opportunity to make 3 Lockwood Street your next address. Book your private showing today.
Estimate your monthly payments for this property
Estimated Payment
$4,856.82/mo
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.
3 LOCKWOOD 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 $439/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.
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 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 $4,575 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.