55 Farr Crescent, Cambridge, ON

$749,900
MLS#:X8484838
4 beds
2 baths
4.0 parking
Residential Freehold
55 Farr Crescent, Cambridge, ON N3C 1R7
⚠️

Property no longer active

This property was sold on July 5, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $749,900 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 2 Bathrooms
  • Premium 60 x 110 ft lot size
  • Features a walk-up, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: In-Law Capability, Water Softener
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

SHOWSTOPPER!!! Over 1,700sqft of living Space...Welcome to your dream home in a prime Hespeler neighbourhood! This modern all-brick raised bungalow sits on a peaceful, quiet street surrounded by mature trees and offers a lifestyle of comfort. This home offers excellent in-law potential with a convenient rear basement walk-up and interior lower foyer! The main living area, with its beautifully refinished hardwood floors and sleek railings, is filled with natural light, making it ideal for hosting friends or enjoying cozy evenings with loved ones. The kitchen boasts an island breakfast bar with quartz countertops, a spacious dinette, and a walkout to a raised deck ideal for indoor/outdoor dining. This home includes 3 well-sized bedrooms and a stylish 4pc bathroom on the main level, while the lower level is designed for versatility, perfect for creating an in-law suite or an expansive entertainment area. Currently used as a 4th bedroom, the den offers additional living space, a gas fireplace and deep windows. The plush carpeting carries you though this level which further includes a 3pc bathroom with shower, a large rec room and no shortage of space to customize. Your outdoor living experience is enhanced by a fully fenced backyard, complete with a 10x11 deck and lower patio perfect for summer barbecues, gardening, or simply to just unwinding. For all your storage needs, you have both a garden shed and a tool shed! Living here means being part of a great community, with every amenity close by. Schools, grocery stores, public transit, and Walmart are just minutes away, and the convenient 2 minute access to the 401 makes commuting a breeze!!

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Property Summary

This detached home located at 55 Farr Crescent, Cambridge is currently for sale and has been available on SousaSells for 770 days. This property is listed at $749,900 with an estimated mortgage of $2,496* per month. It has 4 beds, 2 bathrooms, and is unknown square feet. 55 Farr Crescent, Cambridge

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 4 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Cambridge.

Highly Recommended for Families
What We Love About This Home
  • 4 spacious bedroom layout offering versatile living space
  • 2 well-appointed bathrooms
  • Desirable Detached architecture in Cambridge
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in Cambridge.

Target Buyer Match

Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 5, 2024
Sold price information is available to members only
Listed Date6/27/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionBrick
BasementWalk-Up, Finished
Lot Size60 × 110 Feet
CountyWaterloo
Annual Tax$4,494.98
Legal DescriptionLT 41 PL 1317 CAMBRIDGE; S/T WS505876; CAMBRIDGE

Parking & Garage

Parking Total4.0
Parking Space4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • In-Law Capability
  • Water Softener

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 55 Farr Crescent, Cambridge, ON

Q.What is the asking price for 55 Farr Crescent, Cambridge, ON ?

The current listing price for 55 Farr Crescent, Cambridge, ON in Cambridge is $749,900.

Q.How many bedrooms and bathrooms does this property have?

This property features 4 bedrooms and 2 bathrooms.

Q.What property type and architectural style is 55 Farr Crescent, Cambridge, ON ?

55 Farr Crescent, Cambridge, ON is a Detached (Bungalow-Raised) featuring a Walk-Up, Finished basement.

Q.What interior features are included in this home?

Interior highlights include: In-Law Capability, Water Softener.

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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55 Farr Crescent, Cambridge, ON

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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 55 Farr Crescent, Cambridge, ON N3C 1R7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Cambridge.

Configure Loan Settings

Interest Rate4.00%
Down Payment$224,970 (30.0%)
* Minimum Canadian down payment required for this price is $49,990.
Amortization Period30 Years
Estimated Monthly Payment$2,496Based on a loan of $524,930 over 30 years.
Purchase Price$749,900
Loan Amount$524,930
Provincial Land Transfer Tax:$11,473
Total Estimated Closing Taxes:$11,473

About Purchasing a Home in Cambridge, ON

For a property listed at $749,900 in Cambridge, the legal minimum down payment is $49,990 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 $11,473 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 $11,473.

Cambridge 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$892,376

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%

Best Schools in Cambridge

Elementary Schools

Avenue Road
Public40 Gail Street, Cambridge, Ontario, N1R 4M2
3.3
Elgin Street
Public685 Elgin Street North, Cambridge, Ontario, N1R 7W6
6.2
St Peter
Public92 Avenue Road, Cambridge, Ontario, N1R 1C1
5.6
Christ The King
Public70 Acorn Way, Cambridge, Ontario, N1R 8M5
3.1
Blair Road
Public85 Sunset Boulevard, Galt, Cambridge, Ontario, N1S 1A9
5.6

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

Cambridge Demographic Home information

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.