$724,900 - 23 Memory Lane, Cambridge
Detached for Sale in Cambridge
Popular Listing- MLS Number
- X13247522
- Property Type
- Detached
- Status
- active
- Days on Site
- 9
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- Bosley Real Estate Ltd.
There are some streets that buyers wait years to get into... Memory Lane is one of them. Welcome to 23 Memory Lane, a lovingly maintained raised bungalow located on a quiet street in one of Hespeler's most established and desirable neighbourhoods. Surrounded by mature trees and long-time homeowners, this is the type of location where pride of ownership is evident the moment you arrive. Inside, you'll discover a home that has been exceptionally well cared for and thoughtfully maintained throughout the years. The bright and functional layout offers three bedrooms, comfortable principal rooms, tasteful updates, and the flexibility that makes raised bungalows so popular with today's buyers. The lower level provides additional living space for the whole family and features a fantastic recreation area complete with a bar, dart board setup, and TV lounge space-an ideal spot for entertaining friends, watching the game, or enjoying a relaxing evening at home. Outside, the backyard offers a great mix of privacy and functionality. The hot tub area creates a comfortable space to unwind, while the large grassy yard provides plenty of room for kids, pets, gardening, or future possibilities. It's the kind of outdoor space that can easily adapt to a family's changing needs over time. The attached garage, mature lot, and family-friendly setting combine to create a property that offers both comfort and practicality. Located just minutes from Highway 401, schools, parks, trails, shopping, and the charm of downtown Hespeler, this is a rare opportunity to own a beautifully maintained home in a location that continues to be highly sought after. Welcome home to 23 Memory Lane.
Estimate your monthly payments for this property
Estimated Payment
$3,719.11/mo
Includes CMHC insurance ($20,225)
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.
23 Memory Lane, 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
Fair Market Value
At $1036/sqft, this property is priced in line with current Cambridge market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
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 $3,020 (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.