$599,000 - 132 Waterloo Street, Cambridge
Detached for Sale in Cambridge
58 days on market- MLS Number
- X13024452
- Property Type
- Detached
- Status
- active
- Days on Site
- 58
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- CENTURY 21 ATRIA REALTY INC.
Welcome To This 1.5 Storey Modern Luxury- Fully Renovated, Move In Ready Detached Home In The Heart Of Preston, Cambridge. This Has Been Completely Updated From Top To Bottom, Offering A Clean, Contemporary Living Space With Zero Additional Investment Required. Situated On A Rare Double-Sized Corner Lot, This Property Provides Exceptional Privacy, Lot Natural Light, And Expansive Outdoor Functional Space. The Bright Open-Concept Main Floor Features A Chef-Inspired Kitchen With Premium Countertops And Brand-New Stainless Steel Appliances (2025/2026).Your Family Can Enjoy A Carpet-Free Home With Beautiful Flooring, Elegant Pot Lights, And A Designer Bathroom Featuring Premium Finished And A Glass Standing Shower. The Spacious Living Area Can Easily Be Adapted To Include A 4th Bedroom If Needed. A Fully Completed Finished Lower Level Offers Flexible Space For A Home Theatre, Private Gym, Or A Cozy Family Retreat. Outdoor Oasis With The Fully Fenced Backyard ,Its Set Up For Everyday Use And Entertaining, Complete With A Cozy Fire Pit Area For Unforgettable Summer Night, And A Brand New Storage Shed. Three Convenient Parking Spaces. Prime Location, Only Minutes From Downtown Preston, Top-Rated Schools, Parks, Shopping, And With Quick Access To Highway 401.This Move In Ready Home Offers Both A Peaceful Lifestyle And Ultimate Convenience. Don't Miss Your Chance To Own This Turnkey Gem- See It And Fall In Love Today.
Estimate your monthly payments for this property
Estimated Payment
$3,073.18/mo
Includes CMHC insurance ($16,712)
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.
132 Waterloo 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 $399/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 58 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 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 $2,496 (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.