40 Elgin St N

Cambridge, N1R 5G9
FOR SALE
$649,900
40 Elgin St N, Cambridge
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
40 Elgin St N
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2 + 1
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
4 + 3
ROOMS
X9374263
MLSID
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Property Description
Welcome to 40 Elgin St N. Charming bungalow situated on an oversized lot in desirable East Galt. This home features a bright and spacious living and dining area, updated kitchen, 4pc bathroom & 2 very large bedrooms. Primary offers a walk out to a massive fenced yard with 3 storage sheds. Cozy lower level with separate entrance in-law suite. Open concept kitchen & living area, good sized bedroom & 3pc bath. Large utility room with storage & laundry. Close proximity to great schools, shopping, dining, parks & public transit.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-01-23 2024-02-27 35 $1,600 - Terminated
Property Features
Library, Place Of Worship, Public Transit, Rec Centre, School
Property Details
Street
Property Type
Detached, Bungalow
Lot Size
58' x 139'
Fronting
West
Taxes
$3,413 (2024)
Basement
Sep Entrance, W/O
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain10.93' x 17.75'Pot Lights, Combined W/Dining, Laminate
KitchenMain8.60' x 10.99'B/I Dishwasher, Ceramic Floor, Custom Backsplash
Prim BdrmMain11.42' x 16.67'W/O To Yard, Laminate, Closet
2nd BrMain11.42' x 16.34'His/Hers Closets, Window, Laminate
KitchenBsmt9.09' x 9.15'Pot Lights, Window, Ceramic Floor
LivingBsmt12.24' x 16.50'Vinyl Floor, Pot Lights, Open Concept
3rd BrBsmt8.01' x 9.68'Pot Lights, Window, Closet
UtilityBsmt13.25' x 17.16'Laundry Sink, Combined W/Laundry, Window
Cambridge Market Statistics
Cambridge Price Trend
40 Elgin St N is a 2-bedroom 2-bathroom home listed for sale at $649,900, which is $67,671 (9.4%) lower than the average sold price of $717,571 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 2 bedroom home in Cambridge declined by $14,929 (2.0%) compared to the previous 30 day period (September 1 - September 30) and up $74,238 (11.5%) from the same time one year ago.
Inventory Change
There were 6 2-bedroom homes listed in Cambridge over the last 30 days (October 1 - October 30), which is down 45.5% compared with the previous 30 day period (September 1 - September 30) and up 20.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Cambridge typically sold $24,057 (3.4%) above asking price over the last 30 days (October 1 - October 30), which represents a $10,557 increase compared to the previous 30 day period (September 1 - September 30) and ($6,600) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Cambridge over the last 30 days (October 1 - October 30) stood at 116.7%, down from 127.3% over the previous 30 days (September 1 - September 30) and up from 60.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Cambridge stood at 25 days when successfully sold over the last 30 days (October 1 - October 30), compared to 47 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Realty Services Inc.
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