$699,000
1071 Peters Road
Cambridge, Prince Edward Island
3bed3bath
COLDWELL BANKER/PARKER REALTY MONTAGUE
MLS® 202607721
detached in Cambridge
Browse 5 active listings
Market Analysis
In Cambridge, PE, the detached home market attracts a diverse range of buyers. Young families are particularly drawn to the area due to its proximity to quality schools like Cambridge Elementary School and recreational spaces such as the scenic Cambridge Park. Retirees also find this peaceful community appealing, as it offers a slower-paced lifestyle while still being close to urban amenities. Many buyers are looking for homes that provide both indoor space and outdoor areas where children can play or gardens can flourish. The friendly neighborhood atmosphere is enhanced by community events and local gatherings, making it a desirable place for those valuing connection and community spirit. The age demographic in Cambridge skews towards families and middle-aged couples, with many looking to settle down in a safe, welcoming environment. The buyer-friendly market conditions mean that there are ample choices in the detached property segment, appealing to first-time homeowners as well as those looking for larger spaces to grow into. This variety ensures that there’s a home for everyone, from newlyweds to retirees seeking comfort and convenience.
Price Insights
In Cambridge, PE, prospective homeowners can expect to find a wide variety of detached homes priced between $0 and $1,000,000. At the median price of $699,900, buyers can acquire spacious multi-bedroom homes on quiet streets like Maple Avenue and Pine Street, often featuring modern amenities and extensive backyards. For those willing to invest closer to the average price of $726,518, properties such as two-story homes with updated kitchens and ample living space are abundant. Properties in this price range often boast desirable features like attached garages, finished basements, and energy-efficient appliances. Also, many homes are situated near popular parks like the Cambridge Riverfront Park, providing additional outdoor space. The buyer-friendly climate means you can negotiate for upgrades or inclusions like a home office space, which has become increasingly important in today’s market. Overall, buyers are finding excellent value for their investment in this vibrant community.
Available Properties
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About This Property Type
Detached homes in Cambridge, PE, are characterized by their distinct architectural styles, spacious layouts, and private lots. These properties typically offer at least three bedrooms, making them suitable for families or those who desire extra space for guests or home offices. Many homes feature traditional Cape Cod or modern designs, often set back from the street, providing a sense of privacy and tranquility. Yard sizes vary, with many homes sporting good-sized backyards and gardens—perfect for weekend barbecues or quiet evenings under the stars. Homebuyers can expect various styles of detached homes, including bungalows for single-level living and two-story houses that offer multiple living areas. The local market is rich with properties that incorporate modern conveniences while still retaining the charm of classic Maritime architecture. Streets like Main Street and Elm Street are notable for their particularly beautiful detached homes, often surrounded by landscaped gardens and mature trees, enhancing the appeal of suburban living in this picturesque community.
Location Highlights
Cambridge, PE, is a hidden gem that combines small-town charm with convenient access to essential amenities. Located just a short drive from the bustling town of Stratford, residents enjoy local shops, cafes, and restaurants that add to the community atmosphere. Families benefit from quality education, with Cambridge Elementary and East Wiltshire Middle School both recognized for their strong academic programs. The proximity to the Cambridge Sports Centre offers residents various recreational activities, from swimming to hockey, promoting an active lifestyle right in their backyard. Nature lovers will appreciate the easy access to nearby nature trails and the picturesque Cambridge River, perfect for weekend hikes or leisurely strolls. With its small-town feel paired with modern conveniences, Cambridge provides a unique lifestyle. The mix of community events, like the local farmers' market, and beautiful outdoor spaces ensures that residents can fully immerse themselves in what this lovely area has to offer.
Investment Advice
Investing in a detached home in Cambridge, PE, is a sound financial decision, especially given the current buyer-friendly market. With the median home price around $699,900, buyers have the opportunity to secure a property that not only meets their lifestyle needs but also has the potential for appreciation over time. The Cambridge area is experiencing a steady demand due to its appealing community feel and essential amenities, which can help maintain property values. Moreover, the diverse range of home styles and sizes available means that there is something for every investor's strategy—whether it’s a family home to live in or a rental property to generate income. As more people seek a quieter lifestyle with access to nature and community, the allure of Cambridge only grows. Therefore, considering the strong fundamentals of this market, buying a detached home here can lead to both a rewarding personal living experience and a strategic investment opportunity.
Buying Tips
When entering the detached home market in Cambridge, PE, it's essential to approach your search with a clear strategy. Start by defining your must-have features—considerations like the number of bedrooms, outdoor space, and proximity to schools or parks. Neighborhoods such as Elm Street and Main Street are known for their spacious properties and family-friendly environment, making them prime targets for your search. Also, take advantage of the current buyer-friendly market conditions by being prepared to negotiate. Many homes are listed below the average price, which provides an excellent opportunity to obtain a property that meets your needs without exceeding your budget. Collaborating with a local real estate agent will also give you insights into the market and help you navigate any potential pitfalls. Lastly, be proactive about visiting open houses, as this will give you a real feel for the homes in Cambridge and help you identify the right fit for your lifestyle and investment goals.
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Frequently Asked Questions About Cambridge
How many detached homes are for sale in Cambridge?
There are currently 5 detached homes listed for sale in Cambridge on this site. Listings are updated multiple times per day from CREA's DDF®.
How often are detached listings updated in Cambridge?
Listings on this page are updated multiple times per day directly from CREA's DDF® (Data Distribution Facility). New listings typically appear within minutes of being added to the MLS® system.