433 Preston Pkwy
Cambridge, N3H 4X3
FOR SALE
$765,000
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3 + 1
BEDROOMS2
BATHROOMS1 + 1
KITCHENS3 + 1
ROOMSX11940520
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Property Description
Completely Renovated Freehold Detached Home with Legal Basement Apartment! This stunning 3+1 bedroom home has been fully renovated from top to bottom, featuring brand-new, modern finishes throughout. Every detail has been professionally completed with permits, ensuring top-quality craftsmanship and peace of mind. Key upgrades include a new electrical system, all new ducts, all-new plumbing, new insulation, new appliances, some new windows and doors, High-performance laminate in all the house and much more. The legal basement apartment provides a fantastic opportunity to generate rental income, helping offset your expenses while enjoying a beautiful, move-in-ready home. Perfect for families, this home offers a warm and inviting atmosphere, with a lovely backyard ideal for summer gatherings. Located in a family-friendly neighborhood, its right across from a school and surrounded by parks, offering both convenience and a great community feel. Just minutes from the charming Village of Blair, scenic trails along the Grand River, Conestoga College, Costco, and more, this home truly has it all! Modern upgrades, an income-generating unit, and a prime location. Don't miss out on this gem!
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Property Features
Fenced Yard, Other, Park, Public Transit, School
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Property Details
Street
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
37' x 86'
Fronting
East
Taxes
$2,830 (2024)
Basement
Apartment, Finished
Exterior
Alum Siding, Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Carport
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Ground | 13.78' x 15.09' | Bay Window, Laminate, Open Concept |
| Dining | Ground | 11.48' x 8.20' | O/Looks Backyard, Laminate, Open Concept |
| Kitchen | Ground | 11.48' x 11.15' | Laminate, Quartz Counter, Centre Island |
| Br | 2nd | 13.12' x 11.48' | Closet, Window, Laminate |
| 2nd Br | 2nd | 10.17' x 9.84' | Closet, Window, Laminate |
| 3rd Br | 2nd | 9.84' x 8.20' | Closet, Window, Laminate |
| Great Rm | Bsmt | 13.12' x 15.09' | Combined W/Kitchen, Laminate, Large Window |
| Kitchen | Bsmt | 13.12' x 15.09' | Combined W/Great Rm, Laminate, Quartz Counter |
| Br | Bsmt | 7.22' x 11.15' | Laminate, Closet |
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Cambridge Market Statistics
Cambridge Price Trend
433 Preston Pkwy is a 3-bedroom 2-bathroom home listed for sale at $765,000, which is $295,658 (63.0%) higher than the average sold price of $469,342 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 3 bedroom home in Cambridge declined by $254,585 (35.2%) compared to the previous 30 day period (November 19 - December 18) and down $294,798 (38.6%) from the same time one year ago.Inventory Change
There were 30 3-bedroom homes listed in Cambridge over the last 30 days (December 19 - January 17), which is down 46.4% compared with the previous 30 day period (November 19 - December 18) and up 42.9% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Cambridge typically sold $2,078 (0.4%) above asking price over the last 30 days (December 19 - January 17), which represents a $4,019 increase compared to the previous 30 day period (November 19 - December 18) and ($14,088) 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 3-bedroom homes in Cambridge over the last 30 days (December 19 - January 17) stood at 646.7%, up from 98.2% over the previous 30 days (November 19 - December 18) and up from 119.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Cambridge stood at 17 days when successfully sold over the last 30 days (December 19 - January 17), compared to 38 days before being removed from the market upon being suspended or terminated.Listing contracted with Ipro Realty Ltd
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