40 Elgin Street, Cambridge, ON
Property no longer active
This property was sold on April 3, 2025. This listing is for reference purposes only. to view the sold price.
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
Description
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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Property Summary
This detached home located at 40 Elgin Street, Cambridge is currently for sale and has been available on SousaSells for 518 days. This property is listed at $499,000 with an estimated mortgage of $1,661* per month. It has 3 beds, 2 bathrooms, and is 700-1100 square feet. 40 Elgin Street, Cambridge
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 3 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Cambridge.
- •3 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •700-1100 sqft of generous functional square footage
Families, couples, or downsizers looking for a well-proportioned home in Cambridge.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Water Softener
- Water Heater
- In-Law Suite
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 40 Elgin Street, Cambridge, ON
Q.What is the asking price for 40 Elgin Street, Cambridge, ON ?
The current listing price for 40 Elgin Street, Cambridge, ON in Cambridge is $499,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 3 bedrooms and 2 bathrooms across approximately 700-1100 sqft.
Q.What property type and architectural style is 40 Elgin Street, Cambridge, ON ?
40 Elgin Street, Cambridge, ON is a Detached (Bungalow) featuring a Finished with Walk-Out basement.
Q.What interior features are included in this home?
Interior highlights include: Water Softener, Water Heater, In-Law Suite.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 40 Elgin Street N, Cambridge, ON N1R 5G9
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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 $499,000 in Cambridge, the legal minimum down payment is $24,950 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 $6,455 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 $6,455.
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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.