60 ELMWOOD AVENUE, Cambridge

$659,000

For sale: Detached

Detached at 60 ELMWOOD AVENUE, Cambridge
Property type
Detached
Bedrooms / bathrooms
5 bedrooms, 2 bathrooms
Living area
1,100 sqft
MLS®
MLS® X13700040

Excellent investment and income opportunity! This well-located property at 60 Elmwood Avenue offers a flexible setup with two separate tenants, providing immediate rental income from both the main-level unit and the basement. Enjoy the added appeal of a beautiful Gordo park behind the property, offering a great outdoor space for recreation, walking, and relaxation. The property is situated in a desirable Cambridge neighbourhood with convenient access to local amenities and services. A fantastic opportunity for investors or buyers looking for a property with existing rental income and strong potential.

Sold data

Detached homes in Cambridge — recent sold market

Detached homes in Cambridge took a median of 19 days to sell over the last 90 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 36, across 218 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 28 days.

The median sale price was $750,000.

Homes sold for about 1.5% below asking on average, so there was room to negotiate.

About 33% of sales closed above the list price.

Around 19% of sellers reduced their price before finding a buyer.

Median days to sell
19
Median sale price
$750,000
Sale-to-list ratio
98.5%
Sold above asking
33%

Based on 218 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Cambridge

Cambridge has 46 Fraser Institute–rated schools (38 elementary and 8 secondary), averaging 5.6/10.

Rated schools
46
Elementary
38
Secondary
8
Average rating
5.6 / 10

Top-rated schools in Cambridge

  • Islamic School of Cambridge — elementaryFraser rating 10.0/10
  • Ontario Muslim Academy — elementaryFraser rating 10.0/10
  • Mother Theresa — elementaryFraser rating 7.5/10
  • Père-René-de-Galinée — secondaryFraser rating 7.2/10
  • St Margaret — elementaryFraser rating 7.2/10
  • Parkway — elementaryFraser rating 6.8/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 60 ELMWOOD AVENUE