$739,900 - 10 Monroe Street, Cambridge
Detached for Sale in Cambridge
107 days on market- MLS Number
- X12841696
- Property Type
- Detached
- Status
- active
- Days on Site
- 107
- Bedrooms
- 6
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RIGHT AT HOME REALTY
Welcome to 10 Monroe St, a rare 60 ft Front investment and lifestyle opportunity located in one of Cambridge's most desirable and centrally located neighborhoods.This home has been meticulously and fully renovated, carpet-free, over 2000 sqft living area, boasting brilliant pot/bright lights throughout, making you the very first occupant since its complete transformation.This property stands out from comparable area listings by offering exceptional financial versatility. The beautifully finished basement features an extra full kitchen and a separate entrance, creating ideal potential for an owner-occupied rental unit to significantly offset your mortgage or serve as a dedicated in-law or au pair suite. Adding to the flexibility, the main level includes an additional room, perfect for use as a 4th bedroom or a professional home office. Oversized lot features a large detached 3-car HEATED garage and a workshop fit for any handyman's dream. Beyond the unique interior features, the location offers excellent pedestrian access to local amenities and the charm of historic Cambridge: Within Easy Walking Distance (East Galt / Downtown Cambridge Amenities): Downtown Galt: A short walk brings you to the historic core of Cambridge, known for its beautiful stone architecture and the scenic Grand River. Grand River Transit (GRT): The home is in proximity to local bus routes, providing easy public transit access throughout Cambridge and greater Waterloo. Ainslie Street Transit Terminal: The main bus terminal for Cambridge is conveniently located downtown, connecting you to all local GRT routes and regional GO Bus services. Cambridge to Paris Rail Trail: Access to this renowned scenic walking & biking trail, which runs along the Grand River, is nearby, offering a fantastic natural escape.Local Parks & Riverfront: Enjoy walks along the Grand River.Minutes to the 401. Within walking distance of shopping centers such as Westgate Centre, Cambridge Centre, and Highland Shopping Centre.
Estimate your monthly payments for this property
Estimated Payment
$3,796.07/mo
Includes CMHC insurance ($20,643)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Cambridge
Cambridge is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Cambridge
- •Convenient location in Cambridge
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Cambridge offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
10 Monroe Street, Cambridge
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $370/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 107 days on site, this property has exceeded the typical selling timeline for Cambridge. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Cambridge are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Cambridge.
Investment Perspective
Looking at this as an investment: Cambridge properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,083 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.