$724,900 - 1212 Mary Avenue, Cambridge
Detached for Sale in Cambridge
87 days on market- MLS Number
- X12909844
- Property Type
- Detached
- Status
- active
- Days on Site
- 87
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
ONE-FLOOR LIVING | NO REAR NEIGHBOURS | IN-LAW POTENTIAL | $70k in upgrades! A home tells a story-and this one is ready for its next chapter. Set on a quiet, family-friendly street in desirable Preston, this beautifully updated bungalow offers the perfect blend of comfort, flexibility, and lifestyle. Backing onto no rear neighbours, you'll enjoy rare privacy while still being just minutes from everyday essentials. Enjoy your morning coffee or evening time unwinding under your protected deck, listening to sounds of nature in your special retreat. Thoughtfully updated in 2022 ($70k in upgrades), the heart of the home is a stunning custom kitchen featuring quartz countertops, stylish backsplash, stainless steel appliances, and modern finishes throughout. New flooring, baseboards, lighting, and a fully updated electrical system (including panel), and new furnace & A/C mean peace of mind for years to come. Designed for effortless main-floor living, the layout includes 3 bedrooms (one currently used as a home office with walkout to a covered deck), a new 4-piece bath (2026), a full dining room, and a bright, welcoming living space. The separate side entrance opens up incredible potential in the lower level-ideal for multi-generational living or future income opportunities. Featuring a spacious rec room with gas fireplace, laundry, 3-piece bath, and additional rooms, the space is ready for your vision. Step outside to a private backyard retreat, complete with a covered deck and an impressive 12' x 20' detached shed-perfect for a workshop, studio, hobby space, or ultimate retreat. Located just minutes from Riverside Park, Cambridge Memorial Hospital, Cambridge Centre, and quick access to Highway 401, this home offers unmatched convenience in a quiet, established neighbourhood. Whether you're upsizing, downsizing, or investing-this is a home that adapts to your lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$3,719.11/mo
Includes CMHC insurance ($20,225)
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.
1212 Mary Avenue, 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 $1036/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.
Negotiation Opportunity
At 87 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.
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 $3,020 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.