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Property Type: Detached HouseOwnership: Freehold
116 BAILEY Drive
Cambridge, ON N1P0A2
MLS® 40864232
$790,000
4 bed3.5 bath4 parking2,234 sqftBuilt 2009
Property Details
Property & Lot
- Sub-type
- House
- Style
- Contemporary
- Stories
- 2
- Frontage
- 79 feet
RS1 R5
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,548
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Ensuite bath | Second level | 5'0'' x 8'1'' |
| Primary Bedroom | Second level | 12'4'' x 14'9'' |
| Family room | Second level | 17'5'' x 9'11'' |
| 2pc Bathroom | Main level | — |
| Foyer | Main level | 7'10'' x 11'6'' |
| Kitchen | Main level | 16'11'' x 11'5'' |
| Dining room | Main level | 10'6'' x 15'6'' |
| Living room | Main level | 19'3'' x 16'8'' |
| 4pc Bathroom | Second level | 6'7'' x 7'6'' |
| Bedroom | Second level | 10'1'' x 10'2'' |
| Bedroom | Second level | 8'9'' x 11'2'' |
| Bedroom | Second level | 11'2'' x 12'4'' |
Description
Welcome to this well-designed, all-brick 2-storey home in a quiet, sought-after East Galt neighbourhood. Freshly painted and boasting over 2,200 sq. ft. of practical living space, this home offers a bright, welcoming feel from the moment you arrive. Step inside to a spacious foyer with an open view of the main level, setting an inviting tone. The open-concept main floor is filled with natural light from large picture windows, with separate living and dining areas that offer distinct spaces for everyday living and entertaining while flowing seamlessly into the kitchen — the natural heart of the home. A standout feature is the mid-level family room, offering a comfortable, private retreat for movie nights, relaxing evenings, or quality family time — all while maintaining the home's open, connected feel. Upstairs, you'll find four well-appointed bedrooms, including a spacious primary suite complete with a 3-piece en-suite and walk-in closet. A convenient upper-level laundry room adds to the home's practical, family-friendly layout. Looking for additional living space? The large, unspoiled basement features lookout windows, high ceilings and a rough-in bathroom, offering excellent potential to create additional living space tailored to your needs. Enjoy morning coffee or an evening cocktail on the wood deck or oversized concrete patio overlooking the deep, fully fenced yard. Additional features include five appliances, central air conditioning, hardwood floors, and an owned hot water heater and water softener. Easy to show with flexible possession, this fabulous home is just minutes to schools, shopping, parks, nature trails, and the brand-new Cambridge Recreational Complex. Be sure to add 116 Bailey Drive to your must-see list today! (id:63161)
Listing Information
- MLS®
- 40864232
- Data last synced
- October 27, 2026
GRAND WEST REALTY INC., BROKERAGE
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: GRAND WEST REALTY INC., BROKERAGE
MLS® Number: 40864232
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Cornerstone Association of REALTORS®.
Values & Trends
This listing
$354/sqft
Building average
—
No other active listings in this building
23 - Branchton Park average
$392/sqft
22 active listing(s)
Parking: 4 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Guelph
4°C
—
Humidity 95%
Wind E calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
Source: Environment and Climate Change Canada.
Population
139,163
(2021 Census)
+6.6% since 2016
Density: 615.3/km²
Similar Listings Nearby
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Mortgage & Ownership Cost Calculator
Minimum required: 6.8% ($54,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$632,000.00
Periodic payment — Principal & Interest (monthly)$4,077.45
Additional monthly expenses (condo fees, tax, utilities, etc.)$657.67
Total monthly cost$4,735.12
Interest paid over 5-yr term$181,133.02
Balance at end of term$568,486.04
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$54,000
Stress test qualifying rate8.19%
Payment you must qualify for$5,706.75
Cash Needed at Closing
Minimum down payment$54,000
Estimated Land Transfer Tax (LTT)$12,275
Legal / closing costs (typical estimate)$1,500
Total cash needed$67,775
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
