40 Elgin Street, Cambridge, ON

$499,000
MLS#:X12005098
3 beds
2 baths
700-1100 sqft
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] detached located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $499,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 700-1100 sqft on a premium 57.79 x 138.6 ft lot
  • Features a ["finished with walk-out"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Water Softener, Water Heater, In-Law Suite
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

POSTIVE CASH FLOW PROPERTY generating $3,900 in rental income. Featuring separate upstairs and downstairs living spaces, this home offers flexibility and strong income potential. Dont miss out on this high-return investment!Would you like to highlight any other features, such as location, upgrades, or lot size?Welcome home to 40 Elgin St N, a delightful bungalow perfectly positioned on a generous oversized lot in the highly desirable East Galt neighborhood. This inviting home offers a bright and spacious living and dining area, a beautifully updated kitchen, a stylish 4-piece bathroom, and two extra-large bedrooms. The primary bedroom features a walkout to a massive, fully fenced backyard, complete with three handy storage sheds. The cozy lower level boasts a private entrance and a charming in-law suite, offering an open-concept kitchen and living area, a spacious bedroom, and a modern 3-piece bath. Plus, theres a large utility room with plenty of storage and laundry space. Ideally located just minutes from top-rated schools, shopping, dining, parks, and public transit, this home is a perfect blend of comfort and convenience!

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
2
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 3, 2025
Sold price information is available to members only
Listed Date3/6/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionStucco (Plaster)
Lot Size57.79 × 138.6 Feet
CountyWaterloo
Annual Tax$3,413
Legal DescriptionPT LT 150-151 PL 443 CAMBRIDGE AS IN WS617678; CAMBRIDGE

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Community Features

Location

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40 Elgin Street, Cambridge, ON

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 40 Elgin Street N, Cambridge, ON N1R 5G9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Properties in this area are selling at a steady pace.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$399,200
Monthly Mortgage$2,319
Property Tax (Est.)$284
Utilities & Maint.$350
Total Monthly Cost$2,953

Strategic Fiscal Clarity

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