5 Easton St
Cambridge, N1R 1G3
FOR SALE
$489,000
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BEDROOMS2
BATHROOMS1
KITCHENS8
ROOMSX10425450
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Property Description
Fantastic Starter Home or Prime Investment Opportunity!This charming bungalow is ideally situated in a central Cambridge location, making it perfect for first-time homebuyers or savvy investors. Nestled next to Delta Plaza and directly across from both Tim Hortons and Starbucks, the property is within walking distance of Cambridge Memorial Hospital and just minutes from the vibrant downtown core. The home features 3bedroom & 2 washroom house. With 2 bedrooms & 1 washroom on the main unit and 1 bedroom & 1 washroom inthebasement. Both units share a kitchen, offering flexibility for various living arrangements. The basement includes a separate entrance at the rear, providing the potential for rental income or multi-generational living.A large detached garage adds to the propertys appeal. Zoned M2, the property offers multiple potential uses (buyers are advised to consult local by-laws for permitted uses). The layout can be easily adapted to accommodate either a single-family residence or two separate living spaces.Dont miss this excellent opportunity in a sought-after location! Contact us today to book your appointment.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-02 | 2024-11-14 | 43 | $679,000 | - | Terminated |
| 2022-06-11 | 2022-06-19 | 8 | $2,100 | $1,850 | Leased |
| 2021-12-20 | 2022-01-07 | 18 | $499,900 | $600,000 | Sold |
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Property Details
Street
City
Property Type
Detached, Bungalow
Lot Size
40' x 98'
Fronting
East
Taxes
$2,837 (2023)
Basement
Finished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 10.99' x 11.48' | |
| Dining | Main | 10.99' x 11.48' | |
| Kitchen | Main | 7.51' x 17.49' | |
| Br | Main | 10.50' x 10.99' | |
| 2nd Br | Main | 8.01' x 10.01' | |
| Living | Bsmt | 10.50' x 11.48' | |
| Br | Bsmt | 10.63' x 11.48' | |
| Laundry | Bsmt | 6.36' x 11.68' |
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Cambridge Market Statistics
Cambridge Price Trend
5 Easton St is a 2-bedroom 2-bathroom home listed for sale at $489,000, which is $130,166 (21.0%) lower than the average sold price of $619,166 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 2 bedroom home in Cambridge declined by $109,288 (15.0%) compared to the previous 30 day period (September 27 - October 26) and up $21,666 (3.6%) from the same time one year ago.Inventory Change
There were 9 2-bedroom homes listed in Cambridge over the last 30 days (October 27 - November 25), which is up 50.0% compared with the previous 30 day period (September 27 - October 26) and up 28.6% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Cambridge typically sold $20,016 (3.2%) above asking price over the last 30 days (October 27 - November 25), which represents a $8,326 increase compared to the previous 30 day period (September 27 - October 26) and $3,050 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 27 - November 25) stood at 66.7%, down from 183.3% over the previous 30 days (September 27 - October 26) and up from 28.6% 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 13 days when successfully sold over the last 30 days (October 27 - November 25), compared to 55 days before being removed from the market upon being suspended or terminated.Listing contracted with Get Home Realty Inc.
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