713 Mortimer Drive, Cambridge, ON

$879,000
MLS#:X9351240
3 beds
3 baths
3.0 parking
Residential Freehold
713 Mortimer Drive, Cambridge, ON N3H 5R5
⚠️

Property no longer active

This property was sold on October 11, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 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 $879,000 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 3 Bathrooms
  • Premium 39.37 x 111.75 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Softener, Auto Garage Door Remote
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Over 1700 sqft - 3 Bedroom 3 Bath Home Located In Cambridge's Highly Sought After Lang's Farm Neighbourhood! Modern Open Concept Layout Featuring An Updated Kitchen With Stainless Steel Appliances, Quartz Counters and Eat-In Dining Area. Large Living Room With Hardwood Floors and Walk-Out To Large Backyard. 2pc Bathroom on Main Level. Spacious and Bright Primary Bedroom With Walk-In Closet and Separate Sitting Area. Good Size 2nd & 3rd Bedrooms and Laundry Room on 2nd level . Finished Basement With Recreation Room and Wired For Speakers, 4th Bedroom/Office, 3-Pc Bath With Walk-In Shower. Large Mature Fenced Backyard Provides A Great Family Home with Space For Outdoor Activities. Conveniently Situated Near All Amenities, Including Shopping, Schools, And parks, With Easy Access To Highway 401, This Home Offers Both Comfort And Convenience.

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Property Summary

This detached home located at 713 Mortimer Drive, Cambridge is currently for sale and has been available on SousaSells for 689 days. This property is listed at $879,000 with an estimated mortgage of $2,926* per month. It has 3 beds, 3 bathrooms, and is unknown square feet. 713 Mortimer Drive, 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 3 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Cambridge.

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

Families, couples, or downsizers looking for a well-proportioned home in Cambridge.

Target Buyer Match

Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 11, 2024
Sold price information is available to members only
Listed Date9/16/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick, Vinyl Siding
BasementFinished
Lot Size39.37 × 111.75 Feet
CountyWaterloo
Annual Tax$4,883.44
Legal DescriptionLOT 61, PLAN 58M-152 CITY OF CAMBRIDGE

Parking & Garage

Parking Total3.0
Parking Space2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

  • Park
  • Public Transit
  • School

Interior Features

  • Water Softener
  • Auto Garage Door Remote

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 713 Mortimer Drive, Cambridge, ON

Q.What is the asking price for 713 Mortimer Drive, Cambridge, ON ?

The current listing price for 713 Mortimer Drive, Cambridge, ON in Cambridge is $879,000.

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

This property features 3 bedrooms and 3 bathrooms.

Q.What property type and architectural style is 713 Mortimer Drive, Cambridge, ON ?

713 Mortimer Drive, Cambridge, ON is a Detached (2-Storey) featuring a Finished basement.

Q.What key property features does 713 Mortimer Drive, Cambridge, ON offer?

Key property features include: Park, Public Transit, School.

Q.What interior features are included in this home?

Interior highlights include: Water Softener, Auto Garage Door Remote.

Q.Is parking available at this property?

Yes, this property offers parking space for 3.0 vehicles (Attached).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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Location

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713 Mortimer Drive, 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 713 Mortimer Drive, Cambridge, ON N3H 5R5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

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

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Interest Rate4.00%
Down Payment$263,700 (30.0%)
* Minimum Canadian down payment required for this price is $62,900.
Amortization Period30 Years
Estimated Monthly Payment$2,926Based on a loan of $615,300 over 30 years.
Purchase Price$879,000
Loan Amount$615,300
Provincial Land Transfer Tax:$14,055
Total Estimated Closing Taxes:$14,055

About Purchasing a Home in Cambridge, ON

For a property listed at $879,000 in Cambridge, the legal minimum down payment is $62,900 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 $14,055 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 $14,055.

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.