Property Type: Detached HouseOwnership: Freehold

589 ELGIN Street N

Cambridge, BC N1R6A2

$559,900

3 bed2.5 bath5 parking1,673 sqftBuilt 1973
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Property Details

Property & Lot

Sub-type
House
Style
Other
Stories
2
Lot size
0.08 acres
Frontage
29 feet

RS1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,565

Interior

Basement
Finished, Full
Heating
Forced air, Natural gas
Cooling / A/C
Central air conditioning
Fireplace
None
Appliances
Water softener

Exterior & Lot

Exterior features
Brick, Aluminum siding

Building

Water source
Municipal water
Sewer
Municipal sewage system

Parking

Total spaces
5

Room Dimensions

RoomLevelDimensions
Recreation roomBasement13'7'' x 15'10''
OtherBasement8'0'' x 14'4''
1pc BathroomBasement
Primary BedroomSecond level9'3'' x 14'6''
BedroomSecond level8'1'' x 10'1''
BedroomSecond level9'4'' x 10'1''
4pc BathroomSecond level5'9'' x 7'4''
Living roomMain level14'4'' x 16'9''
KitchenMain level11'4'' x 16'9''

Listing Information

MLS®
40856046
Listed
August 14, 2026
Time on market
On the market for 31 days
Data last synced
September 15, 2026

Listing provided by: RE/MAX TWIN CITY REALTY INC. · Data source: CREA DDF.

Description

Welcome to 589 Elgin Street, Cambridge! This well-maintained semi-detached home offers the perfect combination of space, functionality, and value. Featuring 3 spacious bedrooms and a 4-piece bathroom on the second floor, this home is ideal for first-time buyers, growing families, or investors. The bright and inviting oversized living room provides plenty of space to relax or entertain, while the functional layout makes everyday living comfortable and convenient. The finished basement adds valuable living space with a separate room that's perfect for a home gym, office, or hobby room complete with a rough-in for a future bathroom (toilet already installed). Outside, you'll appreciate the fully fenced backyard, providing a private space for children, pets, and summer entertaining. The long driveway accommodates parking for up to 5 vehicles, a rare feature that adds exceptional convenience. Located close to schools, parks, shopping, public transit, and major commuter routes, this move-in-ready home is an excellent opportunity to own in a desirable Cambridge neighbourhood. (id:63159)

Values & Trends

This listing

$335/sqft

Building average

No other active listings in this building

31 - Northview average

$441/sqft

12 active listing(s)

Parking: 5 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Guelph

20°C

Humidity 58%

Wind S 10 km/h

Today

23°

Tonight

17°

Wednesday

26°

Wednesday night

12°

Thursday

24°

Thursday night

11°

Source: Environment and Climate Change Canada.

Population

139,163

(2021 Census)

+6.6% since 2016

Density: 615.3/km²

Dwellings: 53,491

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

No schools found within a reasonable distance of this property.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Mortgage & Ownership Cost Calculator

Minimum required: 5.5% ($30,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$447,920.00
Periodic payment — Principal & Interest (monthly)$2,889.83
Additional monthly expenses (strata, tax, utilities, etc.)$381.08
Total monthly cost$3,270.91
Interest paid over 5-yr term$128,375.16
Balance at end of term$402,905.49

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$30,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,067.13

Cash Needed at Closing

Minimum down payment$30,990
Estimated BC PTT$9,198
Legal / closing costs (typical estimate)$1,500
Total cash needed$41,688

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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