$2,750/mo - 196 Walker Street, Cambridge
Semi-Detached for Rent in Cambridge
73 days on market- MLS Number
- X12965154
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 73
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- ROCK STAR REAL ESTATE INC.
*Rent-to-Own Opportunity in Hespeler, Cambridge* Dreaming of owning a home but not quite ready for a mortgage? This could be your opportunity to move in now and work toward ownership over time. No mortgage needed upfront, flexible options available, and build equity while you live in the home. Located in a fantastic Hespeler neighbourhood just steps to the Speed River, this charming semi-detached home is ideal for families. Close to schools, scenic trails, Highway 401, shopping, transit, and more. Just a short walk to Downtown Hespeler Village with local restaurants, cafés, and a popular neighbourhood brewery. The home features a functional and comfortable layout. The upper level offers three spacious bedrooms and a full bathroom. The main floor includes a large eat-in kitchen and a bright, spacious living room perfect for everyday living and entertaining. The basement provides excellent flexibility and is set up for a potential in-law suite or separate apartment. Well-maintained with key updates including newer windows, roof 2019, furnace, and air conditioning. Double-wide driveway with parking for up to 4 cars. Private, partially fenced backyard with a large shed for additional storage. Please refer to Rent-to-own savings program in supplement. Ideal for tenant buyers looking for a path to homeownership.
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.
196 Walker Street, Cambridge
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Rent
At $2,750/mo, this is priced below the typical 3-bedroom rent of ~$3,500/mo in Cambridge. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
Negotiation Opportunity
At 73 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.
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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.