$2,200/mo - 10 Monroe Street, Cambridge
Detached for Rent in Cambridge
91 days on market- MLS Number
- X12902124
- Property Type
- Detached
- Status
- active
- Days on Site
- 91
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RIGHT AT HOME REALTY
Welcome to 10 Monroe St, a stunning, fully-renovated executive unit available for lease in one of Cambridge's most desirable and centrally located neighbourhoods. This property offers a premium lifestyle opportunity combined with incredible convenience. Pristine, Fully Renovated Living: This unit offers a carpet-free, approximately 1,500+ sq ft main level living area (excluding the basement) that has been meticulously and fully renovated. Be the First Occupant: Everything is renovated and upgraded, boasting brilliant pots and bright lights throughout its complete transformation. Having living dining and family room at main level. Exceptional Location & Walkability: Enjoy excellent pedestrian access to local amenities and the charm of historic Cambridge: Downtown Galt: A short walk brings you to the historic core, known for its beautiful stone architecture and the scenic Grand River.Commuter Convenience: Minutes to the 401 and in proximity to Grand River Transit (GRT) bus routes and the Ainslie Street Transit Terminal for regional GO Bus services.Nature & Recreation: Nearby access to the Cambridge to Paris Rail Trail and local parks for walking and biking along the Grand River.Shopping: Within easy walking distance of shopping centers such as Westgate Centre, Cambridge Centre, and Highland Shopping Centre.Lease Details Availability: Ready for immediate occupancy.Required: Rental application, credit check, employment verification, and references. Utilities are shared (e.g., 60% paid by the main floor tenant). Don't miss the opportunity to lease this brand-new, executive living space in a prime Cambridge location!
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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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Rent
At $2,200/mo, this is priced below the typical 3-bedroom rent of ~$3,500/mo in Cambridge. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
Negotiation Opportunity
At 91 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.
Let's Walk Through It Together
Photos can't tell you about traffic noise, natural light at different times of day, or how well the landlord maintains the property. When we view it together, I'll assess the condition of appliances, HVAC, and finishes — and flag anything that might become a headache. I'll also help you understand the lease terms before you sign anything.