$699,900 - 71 Michigan Avenue, Cambridge
Townhouse for Sale in Cambridge
New — Listed yesterday- MLS Number
- X13460680
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- Royal LePage Royal City Realty
Filled with natural light and tucked into Hespeler's sought-after Mill Pond community by Mattamy Homes, this beautifully maintained 3 bed, 3 bath freehold end unit townhome at 71 Michigan Avenue offers comfort, ease, and pride of ownership. Offering 1,517 square feet above grade plus 743 square feet of unfinished basement space, the home features a bright, functional layout with excellent future flexibility. The kitchen is finished with quartz countertops and stainless steel appliances, creating a modern and inviting space. The basement offers strong development potential, ready to be customized into a rec room, home gym, office, or additional living space! An attached single-car garage adds everyday practicality, while the end unit setting enhances natural light, privacy, and appeal. Step outside to a private backyard with a deck, ideal for summer barbecues, outdoor dining, or entertaining! The primary bedroom includes a walk-in closet and a private ensuite. The main bathroom offers a full bathtub, ideal for young families or visiting guests. Perfect for first-time buyers, young families, or downsizers, this home is ready for its next chapter. Simply unpack and enjoy! Ideally located for commuters with quick access to Highway 24, 401, and 8, and just a short drive to the Region of Waterloo International Airport. Walking distance to nearby schools adds everyday convenience, while daily essentials are close at hand along Hespeler Road and in charming downtown Hespeler. Enjoy the outdoors with Michigan Avenue Park just steps away, along with scenic trails along the Speed River and through Mill Pond Park, offering a rare balance of recreation and nature close to home. A move in ready end unit in one of Cambridge's most desirable family friendly communities.
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/mo
Includes CMHC insurance ($19,527)
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.
71 Michigan Avenue, 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 $467/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.
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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Cambridge have shown strong appreciation as families seek more space.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $2,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.