What are the monthly costs for 111 Honey Street, Cambridge?

With 20% down at a 4.49% rate over 25 years, estimated monthly mortgage is approximately $4,615, property taxes ~$736/mo, and no maintenance fees listed. Total estimated monthly carrying cost: ~$5,351. Contact Joe Battaglia for a detailed cost analysis.

Is 111 Honey Street a good investment?

This Detached is priced at $693/sqft. 5 bedrooms and 4 bathrooms in Cambridge make it suitable for families or rental income. Contact the Battaglia Team for a complimentary investment analysis including rental estimates and comparable sales data.

What is the neighbourhood like around 111 Honey Street?

111 Honey Street is located in Cambridge, Ontario. The area offers access to local schools, parks, transit, and amenities. The neighbourhood features established residential streets. Contact Joe Battaglia for a detailed neighbourhood report including school rankings, walk scores, and recent sales.

How do I book a showing for 111 Honey Street, Cambridge?

To book a private showing for 111 Honey Street, contact Joe Battaglia directly at (416) 564-6611 or use the "Schedule a Showing" button on this page. Joe typically responds within 1 hour and can arrange same-day or next-day viewings. Virtual tours may also be available upon request.

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$1,039,000 - 111 Honey Street, Cambridge

Detached for Sale in Cambridge

5Beds

4Baths

1,500 - 1,999Sq Ft

Detached

Property Details

MLS Number: X13155432
Property Type: Detached
Status: active
Days on Site: 23
Bedrooms: 5
Bathrooms: 4
Square Feet: 1,500 - 1,999 sqft
Neighbourhood: Cambridge
Listing Brokerage: HOMELIFE/MIRACLE REALTY LTD

Description

Beautifully maintained 4-bedroom home with 2.5 washrooms and convenient upper-level laundry, located in a quiet family-friendly neighbourhood of Cambridge close to parks, schools, shopping, public transit, and easy access to Highway 401. This stunning double-door entry home features elegant stucco and stone exterior with extended driveway, exposed concrete, and interlocking for excellent curb appeal. Offering a bright open-concept layout with an upgraded modern kitchen overlooking the living and dining area, perfect for family living and entertaining. Loaded with upgrades throughout, this spotless home also includes a finished basement featuring 1 bedroom, kitchen, separate laundry, full washroom and private side entrance ideal for extended family or potential rental income. Additional highlights include a water softener system, modern finishes, and pride of ownership throughout.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,595.85/mo

Purchase Price

Down Payment

5%20%50%

Interest Rate (%)

5-yr fixed avg.

Amortization

Frequency

Principal: $831,200Interest: $547,554

Mortgage Amount$831,200

Total Interest$547,554

Est. Property Tax$736/mo

Total Cost$1,378,754

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.

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Neighbourhood Guide: Cambridge

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

Local Elementary SchoolPublic Elementary

Local Secondary SchoolPublic High School

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.

Walk Score

Varies

Price Range

111 Honey Street, Cambridge

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent

$3,600/mo

Range: $3,060 - $4,140

Cap Rate (ROI)

3.1%

Fair

Monthly Cash Flow Breakdown

Rental Income+$3,600

Maintenance Fees-$0

Property Tax (est.)-$736

Insurance (est.)-$216

Net Cash Flow+$2,648

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $693/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.

Market Position

At 23 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

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 5 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.

Bathroom Count Matters

With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

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 $4,329 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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