63 RIDGE Road

About this home.

Welcome to this stunning Mattamy-built home offering approximately 2,192 sq. ft. of beautifully designed living space, ideally backing onto a scenic pond with no rear neighbours. The main floor features 9-ft ceilings, hardwood flooring, a spacious living and dining area, and a modern kitchen complete with granite countertops, stainless steel appliances, and a walk-in pantry. Large windows throughout the home fill the space with abundant natural light. The second level offers 4 generous bedrooms, 2 full bathrooms, and a convenient upper-floor laundry room. Ideally located close to schools, parks, shopping, public transit, and with quick access to Highway 401. The fully finished walkout basement provides excellent additional living space and features 2 bedrooms, a kitchen, a full bathroom, and separate laundry facilities. Currently generating approximately $1,600/month in rental income, it offers a fantastic mortgage-helper opportunity. A rare combination of space, location, views, and income potential-this home is a must-see! (id:59491)

The full record.

How this listing prices against Preston North.

Preston North was one of Cambridge's busier lower-priced neighbourhoods, with 11 sales and 15 active listings over the past 30 days. The average sale price was $586,545, well below the city average, and homes sold in 21.73 days, almost in line with the wider market. Sales closed at 95.87% of list, which is a softer pricing result and shows buyers are finding room to negotiate. Freeholds moved reasonably well, while condos were much cheaper and much slower.

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