40 Elgin Street, Cambridge, ON

$499,000
MLS#:X12005098
3 beds
2 baths
700-1100 sqft
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] detached located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $499,000 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 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 700-1100 sqft on a premium 57.79 x 138.6 ft lot
  • Features a ["finished with walk-out"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Water Softener, Water Heater, In-Law Suite
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

POSTIVE CASH FLOW PROPERTY generating $3,900 in rental income. Featuring separate upstairs and downstairs living spaces, this home offers flexibility and strong income potential. Dont miss out on this high-return investment!Would you like to highlight any other features, such as location, upgrades, or lot size?Welcome home to 40 Elgin St N, a delightful bungalow perfectly positioned on a generous oversized lot in the highly desirable East Galt neighborhood. This inviting home offers a bright and spacious living and dining area, a beautifully updated kitchen, a stylish 4-piece bathroom, and two extra-large bedrooms. The primary bedroom features a walkout to a massive, fully fenced backyard, complete with three handy storage sheds. The cozy lower level boasts a private entrance and a charming in-law suite, offering an open-concept kitchen and living area, a spacious bedroom, and a modern 3-piece bath. Plus, theres a large utility room with plenty of storage and laundry space. Ideally located just minutes from top-rated schools, shopping, dining, parks, and public transit, this home is a perfect blend of comfort and convenience!

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
2
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 3, 2025
Sold price information is available to members only
Listed Date3/6/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionStucco (Plaster)
Lot Size57.79 × 138.6 Feet
CountyWaterloo
Annual Tax$3,413
Legal DescriptionPT LT 150-151 PL 443 CAMBRIDGE AS IN WS617678; CAMBRIDGE

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Community Features

Location

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40 Elgin Street, Cambridge, ON

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 40 Elgin Street N, Cambridge, ON N1R 5G9

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.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$399,200
Monthly Mortgage$2,319
Property Tax (Est.)$284
Utilities & Maint.$350
Total Monthly Cost$2,953

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Cambridge.

City & 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$782,723

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%

Local Schools Guide

Elementary Schools

Elgin Street
Public685 Elgin Street North, Cambridge, Ontario, N1R 7W6
6.2
Avenue Road
Public40 Gail Street, Cambridge, Ontario, N1R 4M2
3.3
Christ The King
Public70 Acorn Way, Cambridge, Ontario, N1R 8M5
3.1
St Peter
Public92 Avenue Road, Cambridge, Ontario, N1R 1C1
5.6
Manchester
Public455 Dundas Street North, Galt, Cambridge, Ontario, N1R 5R5
4.7

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

Homes & Housing

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.