Cambridge: An Affordable Oasis in Ontario’s Property Landscape

Positioned as a city of rich historical essence, robust economic growth, and captivating natural beauty, Cambridge, Ontario, stands out as a prime location for homebuyers. With an attractive average home price of $653K, Cambridge offers a refreshing contrast to the higher property costs found in Toronto and Mississauga. The city is not only a hub for significant employers like Toyota and Siemens but is also celebrated for its lower crime rates and impressive educational achievements, making it an ideal setting for families to thrive.

What Your $150K Income Can Fetch in Cambridge

For those considering a home purchase in the upcoming year, Cambridge should be a priority consideration. With a budget of $150K for annual household income, the range of property options is pleasantly diverse, encompassing everything from detached homes to luxurious condo apartments. This article will spotlight a selection of properties that have recently changed hands, demonstrating the variety and appeal of Cambridge’s real estate offerings.

Detached Family Haven on Christopher Drive

Positioned just a short drive from downtown Galt, the detached bungalow at 261 Christopher Drive marries convenience with comfort. It features polished hardwood floors, a spacious kitchen, and a living/dining area that opens to a verdant backyard, all of which swiftly led to its sale within a week for $670,000.

Spacious Semi-Detached on Crawford Crescent

With a fresh coat of paint and a basement revamped in 2022, the semi-detached dwelling at 147 Crawford Crescent boasts ample living space. Located in proximity to educational institutions and recreational facilities, it fetched $702,590 after being on the market for 11 days.

Townhouse Treasure at River Road

The townhouse at 22 – 350 River Road, a prized find in Brook Village, offers proximity to Hespeler Village’s dining and shopping delights. Its sale for $709,000 within just three days underscores the property’s appeal, highlighted by an upgraded kitchen and easy highway access.

Condo Living on Water Street N

Unit 1009 at 150 Water Street N, part of The Grand at Waterscape, offers panoramic waterfront views from a commodious balcony. This condo, complete with dual parking and modern amenities, was quickly snapped up for $585,000, proving the allure of upscale condo living in Cambridge.

Exploring Beyond Cambridge

While Cambridge itself presents a wealth of real estate opportunities, it’s just one gem in Ontario’s property market crown. For those seeking alternatives to the bustling markets of Toronto or Mississauga, cities like Kitchener, London, and Waterloo also offer promising prospects for those with a $150K household income. The Canadian Home platform extends an invitation to explore these options and more, ensuring your dream home is within reach.

Summary of Opportunities

• Cambridge’s Appeal: Highlights the city’s affordability, safety, and educational excellence.
• Property Variety in Cambridge: Showcases the diverse real estate options available for buyers with a $150K annual income.
• Featured Properties: Details individual homes that have recently sold, offering insights into the market’s dynamics and what buyers can expect.
• Broadening the Search: Encourages potential buyers to consider other Ontario cities for more affordable housing options, facilitated by The Canadian Home platform.

Cambridge offers an enticing blend of affordability, quality of life, and a broad spectrum of housing options for those with an annual household income of $150K. By exploring this vibrant city and beyond, prospective buyers are well-positioned to find their ideal home in Ontario’s welcoming real estate market.