40 Lumb Dr

Cambridge, N1T 1W6
FOR SALE
$849,000
40 Lumb Dr, Cambridge
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3
BEDROOMS
3
BATHROOMS
1
KITCHENS
10
ROOMS
X10432338
MLSID
Contact Us
Property Description
Discover this modern 1-year-old, 3-bedroom, 3-bathroom home that offers a perfect blend of style and practicality. The main floor features an open-concept layout with a well-equipped kitchen that flows seamlessly into the dining and living areas, ideal for family gatherings and entertaining. Upstairs, you'll find three spacious bedrooms, including a master suite with a private ensuite bath. A versatile media loft on the second floor provides additional space for a home office, playroom, or relaxation area.The home also includes a single car garage and a separate entrance to the basement, offering great potential for an in-law suite, rental unit, or additional living space. Located in a family-friendly neighborhood close to schools, parks, and shopping, this almost-new home combines modern comfort with future potential. Dont miss out on this opportunity to own a beautiful, nearly-new property thats ready for you to move in and make your own.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-10-19 2024-11-19 31 $899,000 - Terminated
2024-09-23 2024-10-18 25 $899,000 - Terminated
2024-09-06 2024-09-23 17 $899,000 - Terminated
2024-08-26 2024-09-06 11 $899,000 - Terminated
Property Details
Street
Property Type
Detached, 2-Storey
Lot Size
35' x 118'
Fronting
West
Taxes
$6,174 (2024)
Basement
Sep Entrance, Unfinished
Exterior
Brick Front, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
1
Driveway
Available
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
KitchenMain12.17' x 9.78'
BreakfastMain10.01' x 10.01'
Great RmMain10.99' x 19.82'
LaundryMain5.91' x 4.92'
Prim Bdrm2nd13.09' x 13.58'
2nd Br2nd10.01' x 9.58'
3rd Br2nd10.01' x 9.58'
Media/Ent2nd8.60' x 9.09'
Cambridge Market Statistics
Cambridge Price Trend
40 Lumb Dr is a 3-bedroom 3-bathroom home listed for sale at $849,000, which is $96,878 (12.9%) higher than the average sold price of $752,122 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 3 bedroom home in Cambridge declined by $25,525 (3.3%) compared to the previous 30 day period (September 27 - October 26) and down $38,303 (4.8%) from the same time one year ago.
Inventory Change
There were 54 3-bedroom homes listed in Cambridge over the last 30 days (October 27 - November 25), which is down 31.6% compared with the previous 30 day period (September 27 - October 26) and up 10.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Cambridge typically sold ($8,157) (1.1%) below asking price over the last 30 days (October 27 - November 25), which represents a $12,990 decrease compared to the previous 30 day period (September 27 - October 26) and $19,627 less 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 3-bedroom homes in Cambridge over the last 30 days (October 27 - November 25) stood at 113.0%, up from 64.6% over the previous 30 days (September 27 - October 26) and up from 95.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Cambridge stood at 19 days when successfully sold over the last 30 days (October 27 - November 25), compared to 28 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Canadian Realty
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