$999,900 - 518 Grand Ridge Drive, Cambridge
Detached for Sale in Cambridge
- MLS Number
- X13465636
- Property Type
- Detached
- Status
- active
- Days on Site
- 18
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- SULLIVAN REAL ESTATE BROKERAGE, INC.
This executive 4 bedroom home with a 2 car garage and durable steel roof is tucked into the desirable Southwood neighbourhood of Cambridge on a large lot overlooking your very own private pond and siding onto parkland. Offering nearly 2,900 sq ft of above grade living space plus a partially finished walk-out basement ideal for an in-law suite. The main floor welcomes you with a spacious foyer, travertine tile, newly refreshed hardwood flooring, fresh paint throughout, new trim and new light fixtures. The spacious living room flows into the formal dining area adjacent to a well appointed kitchen featuring stainless steel appliances of which the gas range and dishwasher are brand new, granite countertops, ample cabinetry, and a spacious dinette with a coffee station. The family room's large bay window fills the space with natural light, and a main floor office with French doors can easily serve as a fifth bedroom. Main floor laundry with brand new washer and dryer leads to the garage and side entrance. Outdoors, enjoy a fully fenced yard with a large two-tier raised deck and an abundance of overall backyard space for casual evening entertaining and a pond perfect for skating. The upper level hosts four generous bedrooms with hardwood flooring, the large primary bedroom was freshly painted and includes new lighting, a four piece ensuite and walk-in closet plus built in shelving space across the walk-in closet to accomodate your needs. Convenient to downtown Galt's shops and restaurants, schools, parks, trails and minutes to the 401. Open House Saturday, June 27, 1-3 p.m.
Estimate your monthly payments for this property
Estimated Payment
$5,130.01/mo
Includes CMHC insurance ($27,897)
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.
518 Grand Ridge 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 $400/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.
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 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 $4,166 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.