$649,900 - 68 Elgin Street, Cambridge
Detached for Sale in Cambridge
- MLS Number
- X13635932
- Property Type
- Detached
- Status
- active
- Days on Site
- 19
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Cambridge
- Lot Size
- 7,492 sqft
- Listing Brokerage
- Royal LePage Exchange Realty Co.
Welcome to this stylish, extensively updated 3+1 bedroom bungalow in sought-after Central Cambridge. Set on an exceptional 50' x 150' lot backing directly onto elementary school property, this home offers the space, privacy, and flexibility today's buyers are looking for. The bright open-concept main floor features three bedrooms, hardwood flooring, fresh trim and paint, updated windows and doors, and a beautifully renovated chef's kitchen complete with a center island, gas stove and modern backsplash. Both bathrooms have been updated, while major improvements including furnace, heat pump & A/C all in 24' with 10yr warranty, windows, doors, painting, plumbing, wiring, and a 220V EV plug provide added peace of mind, A newly added walk-in mudroom offers two convenient entrances along with built-in coat, shoe, and closet storage-ideal for busy households. With access to both the upper and lower levels, the layout offers excellent potential for separated living space or a future secondary unit, subject to applicable approvals. The finished lower level anchored by a large great room has a bathroom with walk-in shower, bedroom or home gym perhaps, office, laundry & storage space. Outside, the oversized backyard provides endless possibilities, with room to accommodate a garage and pool if desired. The City is also scheduled to install a new fence along the driveway side of the property. A move-in-ready home with thoughtful upgrades, a standout lot, and a central location close to schools, parks, amenities, and transit. A must see!
Estimate your monthly payments for this property
Estimated Payment
$3,334.32/mo
Includes CMHC insurance ($18,132)
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.
68 Elgin 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
Fair Market Value
At $928/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.
Market Position
At 19 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.
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.
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.
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 $2,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.