$549,900 - 2 Fisher Mills Road, Cambridge
Semi-Detached for Sale in Cambridge
102 days on market- MLS Number
- X12834720
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 102
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Welcome to 2 Fisher Mills Road, an exceptional opportunity in the heart of charming and highly sought-after Hespeler. This well-maintained two-storey semi-detached home offers outstanding versatility, income potential, and an unbeatable lifestyle location just a one-minute stroll to vibrant Downtown Hespeler. Step inside to a bright and inviting layout designed for comfortable everyday living. The main level features functional living and dining spaces filled with natural light, creating a warm and welcoming atmosphere ideal for families, first-time buyers, or those looking to enter the market in a prime neighbourhood. Upstairs, you'll find three generously sized bedrooms and a practical, family-friendly floor plan that offers both comfort and flexibility. A true highlight of this property is the self-contained 1-bedroom bachelor suite in the basement, currently operating as a successful Airbnb. Whether you're looking to generate supplemental income, support multi-generational living, or continue short-term rental use, this valuable addition significantly enhances the home's appeal and functionality. Enjoy the best of Hespeler living just steps to the Speed River, scenic walking trails, parks, local cafés, restaurants, and the charming boutiques that define Downtown Hespeler's vibrant community feel. Commuters will appreciate the quick and convenient access to Highway 401. An ideal opportunity for both homeowners and savvy investors - don't miss your chance to secure a property in one of Cambridge's most walkable and desirable neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$2,821.27/mo
Includes CMHC insurance ($15,342)
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.
2 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 $786/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 102 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.
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 $2,291 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.