$699,000 - 226 Hillmer Road, Cambridge
Detached for Sale in Cambridge
42 days on market- MLS Number
- X13087044
- Property Type
- Detached
- Status
- active
- Days on Site
- 42
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX TWIN CITY REALTY INC.
IN-LAW SUITE WITH WALKOUT BASEMENT! Welcome to 226 Hillmer Road, ideally situated in the highly desirable East Galt neighbourhood of Cambridge. This beautifully maintained backsplit offers over 2,600 sq ft of finished living space, providing exceptional versatility for families, multi-generational living, or investors. The main floor features a bright and open-concept layout, seamlessly connecting the living and dining areas to the kitchen-perfect for both everyday living and entertaining. The kitchen features an island and offers a convenient walkout to the back deck, leading to a fully fenced backyard-ideal for outdoor gatherings and family enjoyment. Upstairs, you'll find three bedrooms, including the primary bedroom, along with a 5-piece shared bathroom. The lower level boasts a well-designed in-law suite with its own open-concept kitchen and dining area, complete with a walkout to the backyard. This level also includes a bedroom and a 3-piece bathroom, offering comfort and privacy. Just a few steps down, you'll discover an additional bedroom, a large rec room, utility room with laundry, and a spacious cold room-providing ample storage and flexible living space. Located close to parks, shopping, public transit, and just minutes to Elementary/High Schools and Downtown Cambridge, this home offers both convenience and incredible potential. A fantastic opportunity to own a spacious, move-in-ready home in a sought-after location!
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
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.
226 Hillmer 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 $635/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 42 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 $2,913 (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.