Unknown for 40 Elgin St, Cambridge Ontario N1R 5G9
5 days on Market

40 Elgin St, Cambridge, Ontario N1R 5G9

Detached
2 + 1
2
~700-1100 sqft
$599,000
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Detached
2 + 1
2
~700-1100 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$700/sqft

Est. Mortgage$2,572/mo

Tax Amount (2024)$3,413/yr

Days On Market5 days


Description

Charming Opportunity in Central Cambridge -Welcome to 40 Elgin Street North, a Bungalow offering versatile living space for investors, multi-generational families, or savvy buyers looking to offset their mortgage. Located in the heart of Cambridge, this property blends convenience, functionality, and income potential in a desirable and walkable neighborhood.Thoughtfully Designed Main Floor Living The main level features a bright and spacious 2-bedroom layout with a large open-concept living and dining area finished in stylish laminate flooring and filled with natural light from oversized windows. The kitchen offers practical tile flooring, white appliances, and ample cabinet space ideal for home-cooked meals or entertaining guests. A 4-piece bathroom with a window and tiled floor adds both function and comfort.Each bedroom is generously sized with laminate flooring, closets, and large windows perfect for restful retreats or working from home. The main foyer includes a convenient closet for coats and storage.Self-Contained Basement SuiteThe lower level includes a private in-law suite with its own kitchen, 3-piece bathroom, and a versatile den/bedroom space featuring vinyl flooring, a closet, and a window. The kitchen is combined with a living/sleeping area and equipped with a white fridge and stove, making it ideal for extended family or rental income. Laundry is shared between units for added convenience.Unbeatable Central Location Nestled in the Galt neighborhood, this home offers easy access to everything Cambridge has to offer. Enjoy walking distance to downtown Galt, Soper Park, Cambridge Memorial Hospital, and local schools. The property is also just minutes to highways 8and 24, public transit, and the Grand River trails making commuting and leisure a breeze.Whether you're looking to live in one unit and rent the other, house extended family, or expand your investment portfolio, 40Elgin St N offers exceptional value in a central location.


Property Details

StyleBungalow
View-
Age of property51-99
SqFt~700-1100 SqFt
Lot Size7,969 SqFt(137.65 x 57.9)
Parking Spaces3
MLS ®NumberX12231645
Community NameLincoln Oaks
Data SourceTRREB
Listing byCITYSCAPE REAL ESTATE LTD.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Apartment, Sep Entrance

Main Floor

Bathroom

2.37 x 1.85

Tile Floor / Window / 4 Pc Bath

Primary

4.99 x 3.32

Laminate / Closet / Window

2nd Br

5.07 x 3.34

Laminate / Closet / W/O To Patio

Living

5.42 x 3.34

Laminate / Large Window / Combined W/Dining


Features

Lot size: 7,969 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Property listed by CITYSCAPE REAL ESTATE LTD., Brokerage

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Market Data - Lincoln Oaks

Geo Zone Map ThumbnailLincoln Oaks

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

22 days

Compared to

2024

15 days

2023

7 days

2022

13 days

New Listings

Past 30 days

11 listings

Compared to

2024

10 listings

2023

12 listings

2022

15 listings

Units sold

Past 30 days

6 units

Compared to

2024

7 units

2023

8 units

2022

6 units

Median Sold Price

Past 30 days

$667,750

Compared to

2024

$650,000

2023

$745,000

2022

$687,900


Population and Demographics

Overview

Total population 4175
Average household income $95,317

Age (%)

20 to 34
23%
50 to 64
22%
0 to 19
20%
35 to 49
19%
65 and plus
17%

Household composition (%)

Single family
57%
Single person
37%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
84%
Portuguese
5%
Others
3%
Gujarati
2%
French
2%
Spanish
1%
Urdu
1%

House tenancy (%)

Owners
54%
Renters
46%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget