$559,900 - 188 Edward Street, Cambridge
Semi-Detached for Sale in Cambridge
New — Listed 7 days ago- MLS Number
- X13248652
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 7
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX REALTY SERVICES INC.
Freehold Semi-Detached Home in the Heart of Hespeler Village, Situated on a Deep Lot (28.18 Ft X 176.66 Ft). This Property Offers Excellent Potential for First-Time Buyers, Investors, or Renovators Looking to Add Their Personal Touch.The Main Level Features Open Living and Dining Areas Filled With Natural Light, Along With a Kitchen Offering Stainless Steel Appliances and a Walkout to a Private Backyard With Mature Trees.The Second Level Includes 3 Bedrooms and 1 Full Bathroom. The Partially Finished Basement Provides Additional Space With Great Potential for Future Use.Notable Updates Include Furnace (2008), Windows (2010), Flooring (2012), Interior Doors (2014), Roof (2014), Basement Carpet (2014), Eavestrough (2015), and Retaining Wall (House Side 2015, Property Line Side 2019).Conveniently Located Close to Schools, Parks, Shopping, and Public Transit, With Quick Access to Highway 401. A Great Opportunity in a Desirable Cambridge Neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$2,872.58/mo
Includes CMHC insurance ($15,621)
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.
188 Edward 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 $800/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.
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.
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.
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 $2,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.