22 Cathay Street, Cambridge, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $619,900 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 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 70 x 120 ft lot
- Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 10.0 total parking spaces available
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Discover the perfect blend of historic charm and modern upgrades in this beautifully refreshed century home, ideally situated on a premium corner lot near downtown Cambridge. Recently updated from top to bottom-inside and out-with fresh paint, new flooring, modern lighting, and upgraded bathrooms, this property offers exceptional versatility for a variety of lifestyles. The main floor features 2 separate entrances, 10' ceilings, and 3 spacious rooms, along with a 3-piece bath and a kitchen, providing an expansive layout with possibilities for a home office. The upper-level apartment (completely separate unit) showcases stunning Brazilian hardwood floors, a marble-accented 3-piece bath, a spacious bedroom, an open-concept living/dining area, and an eat-in kitchen with a gas range and a built-in island-additional 2pc bath, separate laundry and its own driveway. From the kitchen, step out to a freshly painted deck with a gazebo, perfect for relaxing or hosting BBQs. Outside, you'll find ample parking with a triple-wide paved driveway on one side and an extra-deep single driveway on the other. Located just minutes fromCambridge's downtown core, shops, and restaurants, this unique property is a rare find.
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Pricing & Value Insights
Data-driven valuation for 22 Cathay Street, Cambridge, ON N1R 4V2
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About Purchasing a Home in Cambridge, ON
For a property listed at $619,900 in Cambridge, the legal minimum down payment is $36,990 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 $8,873 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 $8,873.
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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.