$729,900 - 414 WOODS Lane, Cambridge
Detached for Sale in Cambridge
91 days on market- MLS Number
- X12965542
- Property Type
- Detached
- Status
- active
- Days on Site
- 91
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX TWIN CITY REALTY INC.
Welcome home to 414 Woods Lane, an elegant and spacious raised bungalow located in a family-friendly neighbourhood, just a short walk to Parkway Public School. With nearly 1900 sqft of finished living space, including a FULLY FINISHED BASEMENT with a SEPARATE ENTRANCE from the garage, this move-in ready home offers excellent flexibility for families or multi-generational living. The main floor includes a bright living room and a beautifully updated eat-in kitchen with quartz countertops, RO system and ceramic backsplash, plus walkout to the back deck (2019) with a gas BBQ line. This level also features 3 bedrooms and a modern 4 piece bath. Neutral decor, large windows and carpet-free living create a bright, welcoming feel throughout the home. The finished basement adds additional living space, including a comfortable family room with a gas fireplace, a 2 piece bath, a potential 4th bedroom or office, and plenty of storage. This home sits on a private lot with NO REAR NEIGHBOURS. Outside you'll also find a single-car garage with an updated garage door (2018) and driveway, plus a rough-in and slab ready for a hot tub. Notable updates include roof (2018), furnace, air conditioner and water softener (2017), main flooring (2021), basement flooring (2019), windows (2019/2021), pot lighting, two sun tunnels/skylights, along with neutral decor and paint throughout. Located close to parks, walking trails, restaurants, shopping, schools, and public transit. Commuters will appreciate the convenient access to Highway 401, just a 5 min drive away!
Estimate your monthly payments for this property
Estimated Payment
$3,744.77/mo
Includes CMHC insurance ($20,364)
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.
414 WOODS 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
Fair Market Value
At $1043/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.
Negotiation Opportunity
At 91 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.
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 $3,041 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.