Sold for:Sold Nov 29, 2024
$849,000

40 Lumb Drive

Cambridge, ON N1T 1W6

Detached House SoldNot available

Property not available for sale or for rent.

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Sale & Price History for 40 Lumb Drive, Cambridge

2024-11-20
2024-11-29
Sold
Price
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MLS#
x10432338

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 40 Lumb Drive, Cambridge

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$6,174
Land Transfer Tax Fee
$13,455

Rental Items

Rental Equipment
Hot water heater

Basement Type
Separate Entrance, Unfinished

Interior Features

Interior Extras
ERV/HRV, In-Law Capability
Security Features
None
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Detached
Building Style
2-Storey

Construction

Exterior Finish
Brick Front, Stone
Roof
Asphalt Shingle
Foundation Details
Concrete
Special Designation
Unknown

Lot

Lot Front
35.01 ft
Lot Depth
118.08 ft

Parking & Garages

Garage Type
Built-In
Garage Spaces
1
Parking Spaces
1
Total Garage And Parking Spaces
2

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
None
Water
Municipal
Sewers
Sewer

Bedrooms
3
Washrooms
3
Kitchens
1

Room sizes

  • Kitchen—
    Main level
  • Breakfast—
    Main level
  • Great Room—
    Main level
  • Laundry—
    Main level
  • Primary Bedroom—
    Second level
  • Bedroom 2—
    Second level
  • Bedroom 3—
    Second level
  • Media Room—
    Second level

Washrooms

  • 2-piece, Main
  • 4-piece, Second
  • 5-piece, Second

Municipality
Cambridge
Main cross streets
From Bishop st N, Turn right onto Essex point dr then turn left onto Lumb drive.
Waterfront
None

MLS® number
X10432338
Data source
Toronto Regional Real Estate Board
Status change
2024-11-29
Listed on
2024-11-20
Days on market
9 days
Possession date
2025-01-01
Possession type
January 1, 2025
Co-op commission
2%
Seller
Listed by
ROYAL CANADIAN REALTY

Home Market Value

Current home valuation for 40 Lumb Drive, Cambridge, , . Listed for $849,000

HOMEH Estimate

?

$863,693

Estimated Sales Range

?

$682,317 - $1,045,069

HOMEH Estimate for 40 Lumb Drive, Cambridge

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$863,693Medium confidence
Based on 9 comparable properties
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Minimum Down Payment Required:7.1%

5% on first $500K + 10% on $349,000 over $500K

Minimum down payment

$59,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$31,549$23,687$20,206$0
=Total mortgage
$820,270$787,787$741,856$679,200
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$4,005monthly$3,846monthly$3,622monthly$3,316monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$13,455

Total Land Transfer Tax

$13,455

Around this home

7/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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