405 Newman Drive, 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 $1,445,000 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.
- 5 Bedrooms and 4 Bathrooms
- Generous living space spanning 3500-5000 sqft on a premium 40.62 x 102 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Beautifully designed detached home featuring a spacious and functional layout, ideal for modern family living. The main floor boasts a bright Great Room, elegant Dining Room, and a well-appointed Kitchen with Breakfast Area, perfect for everyday use and entertaining. A separate Library/Home Office adds flexibility for work-from-home needs, along with convenient garage access. The second floor offers five generously sized bedrooms, including a luxurious Primary Bedroom with a sitting area, walk-in closet, and ensuite bath. Additional bedrooms are well proportioned with access to shared and ensuite bathrooms, providing comfort and privacy for the whole family. The thoughtfully designed layout offers ample space for growing families, guests, or multi-functional living needs. Unfinished basement provides excellent potential for future customization. Located in a desirable neighbourhood close to schools, parks, and all essential amenities. Furniture may be available for purchase upon buyer's interest, offering a convenient turnkey opportunity. Any items to be included and associated pricing shall be negotiated separately between the parties.
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Pricing & Value Insights
Data-driven valuation for 405 Newman Drive, Cambridge, ON N1R 5S3
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About Purchasing a Home in Cambridge, ON
For a property listed at $1,445,000 in Cambridge, the legal minimum down payment is $289,000 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 $25,375 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 $25,375.
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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.