$1,250,000 - 16 Parkwood Drive, Cambridge
Detached for Sale in Cambridge
New — Listed 5 days ago- MLS Number
- X13243112
- Property Type
- Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX TWIN CITY REALTY INC.
Some homes are simply places to live, 16 Parkwood Drive is a home meant to be felt. Built in 1958 and quietly tucked within an established neighbourhood canopy of mature trees, this mid-century modern gem sits elevated on its corner lot as though it has always known it was something special. Time has softened its edges but never diminished the character. The exterior is modest, understated, and confident. Inside, the home unfolds with warmth and intention. Sunlight flows through expansive windows, dancing across clean lines, natural textures, and open spaces designed long before "open concept" became a trend. At the centre of it all, a striking stone fireplace grounds the home-inviting slow mornings with coffee and quiet winter nights wrapped in warmth. The split-level layout creates moments of connection and retreat, while its 10-foot ceilings give the main living space an airy calm that feels both inspiring and comforting. Note- This was a double lot that the current owners have retained the south portion of to build a new custom family home to live in. A fence will be created to separate properties in coming weeks, stakes are placed where property line is. For those who value timeless design, authentic character, and homes with a story to tell-this one may feel like coming home. Features include flow between kitchen, dining, office and living spaces, Sloped ceilings extend to 10 feet in the main living room Large central stone fireplace, Split-level layout, Double car heated garage, Expansive mature gardens, Newer roof, windows, Boiler & hot water tank owned. Don't miss out on this truly unique home located in West Galt!
Estimate your monthly payments for this property
Estimated Payment
$5,529.17/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.
16 Parkwood Drive, Cambridge
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $625/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Cambridge's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $5,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.