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650 Mortimer Drive, Cambridge

  • Bedrooms: 4
  • Bathrooms: 4
  • Living area: 1500 sqft
  • Type: Residential
Source: Public Records

Property Details

That sounds like a great property! Cambridge, Ontario is a beautiful city and a desirable location for both investors and first-time homebuyers. A detached three-bedroom house with two kitchens and a One-bedroom basement apartment offers excellent potential for rental income or multi-generational living arrangements.Investors will appreciate the opportunity to generate rental income from both the main living area and the basement apartment. Cambridge is a growing city with a strong rental market, so finding tenants should not be difficult. For first-time buyers, this property provides the opportunity to own a spacious home while also having the potential to generate rental income. The two kitchens offer flexibility and can accommodate different living arrangements.First-time buyers may choose to live in the main portion of the house and rent out the basement apartment to help with mortgage payments or use it as a source of income to save for the future. (id:1945)

Property Information

  • Sewer: Municipal sewage system
  • Cooling: Central air conditioning
  • Heating: Forced air
  • Stories: 2
  • Basement: Finished, Full
  • Year Built: 2001
  • Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings, Garage door opener
  • Directions: Trico Drive/Mortimer Drive
  • Living Area: 1500
  • Lot Features: Park/reserve
  • Photos Count: 28
  • Water Source: Municipal water
  • Bedrooms Total: 4
  • Structure Type: House
  • Common Interest: Freehold
  • Parking Features: Attached Garage
  • Subdivision Name: 51 - Langs Farm/Eagle Valley
  • Tax Annual Amount: 4044
  • Bathrooms Partial: 1
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Zoning Description: Residential
  • Architectural Style: 2 Level
Room Dimensions
Type Level Dimensions
2pc Bathroom Main level 4'4'' x 5'1''
3pc Bathroom Second level 13'8'' x 18'9''
4pc Bathroom Second level 4'4'' x 5'7''
Kitchen Basement 10'1'' x 7'9''
3pc Bathroom Basement 4'4'' x 5'1''
Bedroom Basement 7'9'' x 7'9''
Bedroom Second level 10'1'' x 10'1''
Living room Basement 6'9'' x 5'9''
Bedroom Second level 10'5'' x 11'9''
Bedroom Second level 13'8'' x 18'9''
Kitchen/Dining room Main level 11'9'' x 19'9''
Great room Main level 9'8'' x 19'9''

Nearby Places

Name Type Address Distance
Blackshop Restaurant Bar 595 Hespeler Rd 1.2 km
Preston, Ontario It is located near the confluence of the Grand Riv... 1.3 km
Boston Pizza Bar 14 Pinebush Rd 1.4 km
Idylwild Park Idylwild fell between the Town of Preston and the ... 1.5 km
Grand River Conservation Authority Establishment 400 Clyde Rd 1.8 km
Keg Steakhouse & Bar Restaurant 44 Pinebush Rd 1.8 km
Cambridge Centre Shopping mall 355 Hespeler Rd 1.9 km
Cambridge Centre In the 1980s, Hespeler Road became the city's majo... 2.0 km
Heritage Baptist College and Heritage Theological Seminary It was officially incorporated by the province of ... 2.3 km
Preston High School School 550 Rose St 2.3 km
Speed River It flows south from its source near Orton, through... 2.6 km
St. Benedict Catholic Secondary School School Cambridge 3.4 km
Similar Houses Stat in Cambridge
We have found 6 Houses that closely match the specifications of the property located at 650 Mortimer Drive with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 599,000 and 950,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open Houses in the N3H5R7 postal code area of Cambridge Ontario Canada.
650 Mortimer Drive mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 650 Mortimer Drive. The current price of the property is $799,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $639,200. This would result in a monthly mortgage payment of $3,736 over a 25-year amortization period.
Comparison of 650 Mortimer Drive, Cambridge, ON with Nearby Houses
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Puslinch 67 $2.277.637
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Brant 121 $1.626.845
Centre Wellington 54 $1.180.359
Fergus 53 $931.881
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Brantford 620 $925.109
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Mississauga 1990 $1.351.284
Brampton 1726 $1.174.260
London 1575 $946.462
Caledon 455 $2.781.036
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