$645,000 - 611 Preston Parkway, Cambridge
Detached for Sale in Cambridge
New — Listed 5 days ago- MLS Number
- X13235472
- Property Type
- Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
Highly Desired Preston Location! This modern, fully updated detached home sits on a premium, wide 49-foot private lot, offering the perfect balance of generous outdoor space, exceptional local convenience, and premium commuter access. True turnkey living starts on the bright, open-concept main floor, which boasts a stunning new custom kitchen equipped with a brand-new dishwasher (2025), updated flooring, and a seamless living/dining flow with a walk-out to a private backyard oasis. Enjoy customized comfort and peace of mind throughout the home with a solid 5-year-old roof, 2 gas fireplaces, and bedrooms featuring individual thermostat controls for perfect zoned temperature management. The fully finished basement adds excellent additional living space, featuring a large family recreation room and a modern 3-piece bath, while the massive, fully fenced backyard-complete with a covered deck and patio area-is an entertainer's dream. Designed for modern living, the property features a double-wide driveway and garage accommodating 5-car parking, ample street parking for guests, a dedicated EV charger, and direct garage entry. The unbeatable location places you just a 2-minute walk from the main bus stop and a 3-minute walk to the local public school and church on the same street. You are also just steps from parks, trails, and the scenic Grand River. Commuters will love being a 2-3-minute drive from Highway 401 and a local shopping plaza. Plus, you are just a 5-minute drive from Costco, diverse grocery stores, dining, and endless daily amenities. Just move in and enjoy!
Estimate your monthly payments for this property
Estimated Payment
$3,309.18/mo
Includes CMHC insurance ($17,996)
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.
611 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 $921/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Cambridge's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 $2,688 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.