$698,600 - 333 Preston Parkway, Cambridge
Detached for Sale in Cambridge
79 days on market- MLS Number
- X12948198
- Property Type
- Detached
- Status
- active
- Days on Site
- 79
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- HOMELIFE/BAYVIEW REALTY INC.
Welcome to 333 Preston Parkway A rare gem backing onto a serene greenbelt. Nestled in a prime location with no neighbors to one side, this beautifully maintained home offers the perfect blend of privacy, convenience, and comfort. Just 30 seconds from the 401 and directly across from a grade school, park, bus stop, and church, this property is ideal for families and commuters alike. Enjoy abundant natural light throughout the day thanks to the desirable east-west exposure, creating a bright and airy atmosphere in every room. The modern kitchen is a chefs dream, featuring quartz countertops, upgraded appliances, ample cabinetry, and an island perfect for casual meals or entertaining guests. The expansive great room is anchored by a cozy natural gas fireplace with custom built-in shelving and opens directly to a fully fenced, upgraded backyard. Relax under the covered patio or gather around the firepit for memorable evenings outdoors. Conveniently located on the bottom level are a stylish powder room and laundry room. Upstairs, the generous primary bedroom boasts an oversized closet, while two additional well-proportioned bedrooms and a full three-piece bathroom complete the upper level. This house will make you feel at home.
Estimate your monthly payments for this property
Estimated Payment
$3,584.18/mo
Includes CMHC insurance ($19,491)
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.
333 Preston Parkway, 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 $998/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.
Negotiation Opportunity
At 79 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 $2,911 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.