$989,900 - 86 Chimney Hill Drive, Cambridge
Detached for Sale in Cambridge
36 days on market- MLS Number
- X13122390
- Property Type
- Detached
- Status
- active
- Days on Site
- 36
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Welcome to 86 Chimney Hill, located in a desirable family friendly neighbourhood of Cambridge known for its mature surroundings, nearby schools, parks, shopping, trails, and convenient access to Highway 401. This spacious and versatile 5-level backsplit offers an incredible amount of living space with 6 bedrooms and 4 full bathrooms, making it an ideal opportunity for large or multi-generational families. The main floor features a bright family room, dining room, and beautifully updated kitchen (2024) complete with fridge, stove, dishwasher, microwave range hood, and a large island, creating a functional layout perfect for both everyday living and entertaining. Upstairs offers 3 generous bedrooms, including a primary bedroom with ensuite, along with an additional full main bathroom. The lower main level includes a spacious living room with cozy gas fireplace, full bathroom, and an additional bedroom. The basement level adds even more flexibility with 2 additional bedrooms, a full bathroom, rec room, and bonus room. A separate garage entrance leading to the basement provides excellent potential for extended family living or additional privacy. This home is filled with unique features and updates including 3 updated bathrooms (2024), new roof (2023), retractable awning, indoor BBQ room with exhaust, outlet for stove in basement, and an insulated backyard shed with electrical outlets (10' x 12') ideal for storage, hobbies, workshop space, or creative use. A rare opportunity to own a spacious home with incredible flexibility, updates, and room for the whole family in a sought-after Cambridge neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$5,078.70/mo
Includes CMHC insurance ($27,618)
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.
86 Chimney Hill Drive, 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 $396/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 36 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 6 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.
Bathroom Count Matters
With 4 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 $4,125 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.