$1,900,000 - 118 Old Mill Road, Cambridge
Detached for Sale in Cambridge
36 days on market- MLS Number
- X13106410
- Property Type
- Detached
- Status
- active
- Days on Site
- 36
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- ROYAL LEPAGE WOLLE REALTY
Discover a MASTERFULLY crafted CUSTOM built STONE BUNGALOW in the historic community of Blair, offering over 4,200 square feet of refined living space just minutes from the 401. The interior makes a commanding first impression with 12-foot ceilings, Brazilian cherry hardwoods, and a vaulted Great Room anchored by one of four fireplaces. A true Chef's kitchen serves as the home's centrepiece, featuring premium stone surfaces, a walk-in pantry, and a dedicated wine bar overlooking a professionally landscaped backyard oasis. This private retreat is fully fenced and features tiered flagstone patios, a custom cedar pergola, and lush perennial gardens maintained by an in-ground irrigation system. The lower level, accessible via a separate garage entrance, provides exceptional versatility with a full wet bar, sound-insulated ceilings, and ample space for a home gym or secondary suite. Meticulously updated with a Heat Recovery Ventilator (2022), custom California Closet in the Primary room (2021), and a comprehensive water filtration system, 118 Old Mill Road combines superior construction with a sophisticated layout designed for the discerning homeowner. Measurements as per iguide and MPAC.
Estimate your monthly payments for this property
Estimated Payment
$8,404.34/mo
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.
118 Old Mill Road, 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
Fair Market Value
At $950/sqft, this property is priced in line with current Cambridge market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 36 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 3 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 $7,917 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.