42 ELGIN Street, Cambridge, ON
Property no longer active
This property was sold on August 26, 2024. This listing is for reference purposes only. to view the sold price.
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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Property Summary
This detached home located at 42 ELGIN Street, Cambridge is currently for sale and has been available on SousaSells for 715 days. This property is listed at $579,900 with an estimated mortgage of $1,930* per month. It has 3 beds, 2 bathrooms, and is 1100-1500 square feet. 42 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
- •1100-1500 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
- Place Of Worship
- Public Transit
- Fenced Yard
- Park
- Rec./Commun.Centre
- School
Interior Features
- Accessory Apartment
- Sump Pump
- Water Heater
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 42 ELGIN Street, Cambridge, ON
Q.What is the asking price for 42 ELGIN Street, Cambridge, ON ?
The current listing price for 42 ELGIN Street, Cambridge, ON in Cambridge is $579,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 3 bedrooms and 2 bathrooms across approximately 1100-1500 sqft.
Q.What property type and architectural style is 42 ELGIN Street, Cambridge, ON ?
42 ELGIN Street, Cambridge, ON is a Detached (1 1/2 Storey) featuring a Partially Finished basement.
Q.What key property features does 42 ELGIN Street, Cambridge, ON offer?
Key property features include: Place Of Worship, Public Transit, Fenced Yard, Park, Rec./Commun.Centre, School.
Q.What interior features are included in this home?
Interior highlights include: Accessory Apartment, Sump Pump, Water Heater.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (Detached).
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 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.