22 Mark Crescent, Cambridge, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium brick front construction, this residence presents an exceptional opportunity offered at $549,900 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.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 40 x 100 ft lot
- Features a walk-up, full, finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: In-Law Capability, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Absolute jackpot for your investors or multi-gen families! High-demand bungalow layout with a true walk-up basement side entrance, and a fully functional second kitchen. Cherished by one family since 1979, this solid home offers unmatched potential to build equity. The main floor features 3 bright beds, 1 bath, and updated floors. The finished lower level is a cash-flow machine or perfect in-law suite, boasting a huge rec room with wet-bar rough-in, updated bath, second kitchen, and basement laundry. Major mechanicals: Furnace ~3yrs, Softener ~5yrs, AC ~10yrs, Roof ~15yrs. Ultimate blank canvas to customize and reap the rewards!
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Pricing & Value Insights
Data-driven valuation for 22 Mark Crescent, Cambridge, ON N1S 4A3
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Cambridge, ON
For a property listed at $549,900 in Cambridge, the legal minimum down payment is $29,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,473 for this transaction. As this listing is in Cambridge (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
