$1,049,000 - 40 Mccormick Drive, Cambridge
Detached for Sale in Cambridge
New — Listed 5 days ago- MLS Number
- X13513242
- Property Type
- Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- HOMELIFE/MIRACLE REALTY LTD
Imagine turning off the 401 and feeling the pace instantly slow. You pass historic Queen Street,glimpse the Speed River trails, and pull into 40 McCormick. This is Hespeler at its best: a welcoming neighborhood where kids walk to topranked Hillcrest Public School, amenities are close by, and the highway is minutes away for an easy commute.Step inside to new trimthroughout, LVP flooring, and a bright kitchen with new cabinets, granite counters, a tiled backsplash, and updated appliances including thefridge, gas range, dishwasher, washer, and dryer. A new double door walks out to the yard. There are no rear neighbors here, just mature,protected trees offering privacy no fence can match.In summer, the backyard is your personal resort: an updated deck with a gazebo and gasline, a pool with a new liner, heater, filter, and pump, or the hot tub under the stars. When seasons change, cozy up by the family room's newstone fireplace, or head down to the finished basement with its renovated bar, full bathroom, and large rec room, perfect for hosting.Upstairsoffers four generous bedrooms, including a primary suite with a walk in closet and an updated ensuite. New triple pane windows, a new frontdoor, updated lighting and electrical, main floor laundry, a powder room, a double garage with new openers, and a double wide driveway roundout the practical upgrades. A newer roof, furnace, and air conditioning mean the big ticket items are already done.Minutes from Forbes Park, theHespeler Arena, tennis courts, and local trails, this premium pool lot backing onto protected conservation, with over $124,000 in recentupgrades, is a rare find. It's more than a house, it's the definitive Hespeler lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$4,640.08/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.
40 Mccormick Drive, 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 $525/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.
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 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 $4,371 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.