$799,000 - 153 FISHER MILLS Road, Cambridge
Detached for Sale in Cambridge
- MLS Number
- X13213890
- Property Type
- Detached
- Status
- active
- Days on Site
- 15
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- COLDWELL BANKER DREAM CITY REALTY
Welcome to 153 Fisher Mills Road, a charming bungalow in the heart of highly sought-after Hespeler Village. Set on a generous lot near Victoria Park, this home is perfect for young families. Inside, the inviting Bright main floor effortlessly blends the living, dining, and kitchen areas, creating a warm and connected space perfect for everyday living. The kitchen, with S.Steel appliances opens up to a huge yard perfect for your BBQ and family gatherings. This home also boasts two Full bathrooms . One of the standout features of this property is its versatility. Whether you're looking for a family home, a downsizing option, or an investment property, this raised bungalow adapts to your needs. The finished basement is ideal for conversion into a basement apartment perfect for generating rental income or creating flexible living arrangements for extended family. Commuters will appreciate the convenience of quick access to Hwy 401 and Hwy 8, making travel to Guelph, Kitchener GTA a breeze. Transit at door step with connections to Smart centre, Costco, Cambridge mall, Conestoga College and GO service for convenient living options, minutes Drive to Toyota Plant and auxiliary industries and Loblaws Distribution centre. Waterloo International Airport is hop skip and jump away, this home is ready to welcome you.
Estimate your monthly payments for this property
Estimated Payment
$4,099.28/mo
Includes CMHC insurance ($22,292)
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.
153 FISHER MILLS 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
Competitive Pricing
At $726/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 15 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.
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 $3,329 (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.