$705,000 - 731 Elgin Street, Cambridge
Detached for Sale in Cambridge
31 days on marketWant to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- X13750002
- Property Type
- Detached
- Status
- active
- Days on Site
- 31
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Cambridge
- Taxes (2025)
- $3,972
- Listing Brokerage
- HOMELIFE SILVERCITY REALTY INC.
Welcome to 731 ELGIN St. A beautiful Renovated, detached property ready for you to call home. Located in the popular North Galt neighborhood of Cambridge, this three bedroom, two bathroom home offers you the Perfect finished living space between the main floor and a fully finished basement. The main level features a bright living and dining area, a modern kitchen with lovely (soft) cabinetry, quartz countertop and tile backsplash, complimented by the upper floor with three bedrooms, a full washroom, and lovely greenery views. Downstairs, the fully finished basement adds a spacious family room to be used as a home gym, a cozy reading nook, or for extended family living. A second full bathroom complements it along with a laundry area with plenty of storage. Additional comforts include central air conditioning, and a water softener for added health and peace of mind. Outside, the double French-doors open to a lovely deck either for a cool morning coffee, watching the sunset or for BBQ parties, perfect for relaxing or entertaining through the warmer months. With no house at the back, you get a serene view of the green space and added privacy. The attached garage and private double wide driveway provide parking for up to four vehicles. Located within the Waterloo Catholic District School Board and next door to Waterloo Region District School Board areas, with easy access to public transit, a dog park, a hospital, and a recreation centre nearby, this home is a wonderful opportunity in one of Cambridge's family friendly communities.
Estimate your monthly payments for this property
Estimated Payment
$3,617.02/mo
Includes CMHC insurance ($19,670)
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.
731 Elgin Street, Cambridge
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $641/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 31 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.
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 $2,938 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.