42 ELGIN Street, Cambridge, ON
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Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $579,900 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 57 x 150.27 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Accessory Apartment, Sump Pump, Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This spacious home, located on a corner lot in East Galt, is ready for your vision and finishing touches. The property features a detached double garage, that is roughed in for a potential in-law suite. With the opportunity to convert this space into a separate living area with one bedroom, one bathroom, and a kitchen, the potential for multi-family living or generating additional income is significant. The home also offers a garden shed, fenced yard and a large driveway with ample parking for multiple vehicles. Inside, you'll find a living room/dining room combination, an eat-in kitchen, main floor laundry and bedroom. The upper level includes a 4-piece bathroom and two generously sized bedrooms, one of which features a private balcony. The partially finished basement provides additional living space. The possibilities are endless with this property, offering a unique opportunity to customize and maximize its potential.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Place Of Worship, Public Transit, Fenced Yard, Park, Rec./Commun.Centre, School
Interior Features
Accessory Apartment, Sump Pump, Water Heater
Security Features
Community Features
Location
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 42 ELGIN Street S, Cambridge, ON N1R 5G4
Based on 0 recent similar sales in the pocket.
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 $579,900 in Cambridge, the legal minimum down payment is $32,990 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 $8,073 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 $8,073.
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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.
