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New3 days ago

554 Grand Ridge Drive

, Cambridge

$848,000

Detached|2-Storey
4 | 5 | 5
About this home

A+ SUPERIOR LOCATION & GREAT PRINCIPLE RESIDENCE. Be impressed by this ENORMOUS well maintained 5 bed-5 bath "FOREVER TYPE" custom family home FEATURING 4000sqft+ livable space, in-ground pool and WALKOUT basement. This property is excellent for growing families & hosting guests or family gatherings. Highly desirable WEST GALT neighbourhood close to great schools AND backing onto OPEN GREEN SPACE with no rear neighbours. Simply open the back gate to an area that feels like a large EXPANSION of your backyard. This home is close to amenities & efficient commuting with 1 turn to hwy 401. The triple wide driveway offers more convenient parking and 2 garage doors. The back deck off the kitchen impresses with cottage like views overlooking your backyard sanctuary. Excellent curb appeal and gardens welcome you to this impressive yet unpretentious looking home. Step into the Grand Foyer, where you immediately recognize the size, quality, plenty of natural light, and functional layout to customize any way you choose. The first floor is complete with laundry/mud room (great in the winter), and 2-piece powder room. The CARPET FREE home blends together with bright hardwood floors on the main floor and uniform flooring all through out the upper level. Upstairs features a massive primary bedroom with 2sink 5-piece ensuite, jacuzzi soaker tub & shower with a peaceful view and walk-in closet. In addition, there is another very large bedroom with another full ensuite bathroom. This level has 2 other sizeable bedrooms and another 4-piece bath. The spacious bright professionally finished walkout basement with Full Size windows & walkout to private backyard has endless potential, such as a 5th bed or office, massive rec room, theatre/games room with yet another FULL BATHROOM. A sincere one of a kind large home in an excellent neighbourhood 7min to 401, walking distance to grocery, schools, parks and places of worship. Rare opportunity to own this move-in ready home in a great location.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age31-50
Size3000-3500 sq. ft.
Property Tax$8,483
Lot Size66.07 ft x 144.41 ft
mls© NumberX13797564
Listed ByRed And White Realty Inc

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,340
Property tax
$707
Heat allowance
$150
Housing costs
$5,197 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $169,600
25-yr amortization

Income needed

$160,000

gross annual household income

Payment at 4%
$3,569 / mo
Cash down
$169,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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