420 Salem Place, Cambridge, ON

$799,900
MLS#:X9345858
4 beds
3 baths
2000-2500 sqft
6.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] detached located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium brick and other construction, this residence presents an exceptional opportunity offered at $799,900 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 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 127.03 x 157.14 ft lot
  • Features a ["finished with walk-out"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

FAMILY-ORIENTED COMMUNITY! Welcome to 420 Salem Place, Cambridgea beautiful home nestled in a private cul-de-sac on a generously sized lot. This property features a spacious driveway and a convenient back entrance to the lower level, making it perfect for multi-generational families. With over 3,200 square feet of living space, this home provides ample room for comfortable living. It boasts 3+1 bedrooms, 3 full bathrooms, and 2 kitchens, catering to various family arrangements. The in-law suite, with its own separate entrance through the back door, offers endless possibilities. The lower level is currently used as a recreation room and office space but offers a full 2nd kitchen. Upon entering, you're welcomed by a bright living room with a bay window that leads to the dining and kitchen area. The family room connects to a mudroom with a walkout to the rear patio. A 3pc bathroom and laundry room complete this level. Parking is convenient with space for 6 cars, thanks to a double tandem driveway and double heated garage. Notable features include a roof installed in 2013, siding, eaves and fascia in 2019, a furnace, and AC updated in 2015, a garage door opener with remote, all windows excluding 1 large window in the basement in 2013, all exterior doors in 2013, as well an incredible yard with a shed and pond, large bedrooms, and more. This property is within walking distance of schools, parks, and places of worship, and just a short drive to all amenities, the airport, and the highway.

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Key Features

Bedrooms
4
Bathrooms
3
Kitchens
2
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 19, 2024
Sold price information is available to members only
Listed Date9/11/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick, Other
Lot Size127.03 × 157.14 Feet
CountyWaterloo
Annual Tax$6,409
Legal DescriptionLT 13 PL 1355 CAMBRIDGE; S/T WS541897; CAMBRIDGE

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

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

Features

Property Features

Community Features

Location

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420 Salem Place, 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 420 Salem Place, Cambridge, ON N3H 5B5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$639,920
Monthly Mortgage$3,718
Property Tax (Est.)$534
Utilities & Maint.$350
Total Monthly Cost$4,602

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Cambridge.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Cambridge.

Verified Local Data
City Population575,847
City Median Age38 Yrs
City Ownership65% Owners
Avg Area List Price$782,634

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Local Schools Guide

Elementary Schools

Elgin Street
Public685 Elgin Street North, Cambridge, Ontario, N1R 7W6
6.2
Avenue Road
Public40 Gail Street, Cambridge, Ontario, N1R 4M2
3.3
Christ The King
Public70 Acorn Way, Cambridge, Ontario, N1R 8M5
3.1
St Peter
Public92 Avenue Road, Cambridge, Ontario, N1R 1C1
5.6
Manchester
Public455 Dundas Street North, Galt, Cambridge, Ontario, N1R 5R5
4.7

Secondary Schools

Galt
Public200 Water Street North, Galt, Cambridge, Ontario, N1R 6V2
5.9
St. Benedict
Catholic50 Saginaw Parkway, Cambridge, Ontario, N1R 5W1
6.8

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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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.

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.