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Property Type: Detached HouseOwnership: Freehold
120 UNION Street S
Cambridge, ON N3H2H1
MLS® 40866427
$550,000
2 bed1 bath3 parking1,016 sqftBuilt 1989
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 1
- Frontage
- 55 feet
R5
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,593
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Basement | 16'1'' x 11'5'' |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 8'0'' x 8'1'' |
| Primary Bedroom | Main level | 10'9'' x 12'4'' |
| Dining room | Main level | 11'7'' x 9'5'' |
| Kitchen | Main level | 10'7'' x 8'5'' |
| Living room | Main level | 13'5'' x 15'0'' |
Description
Welcome to this charming 1,000 sq ft bungalow that perfectly blends quality craftsmanship with modern comfort! Showing AAA pride of ownership, this bright and airy home features large principal rooms filled with natural light, a beautiful bay window, updated light fixtures, and classic oak trim and cabinetry. The well-appointed kitchen seamlessly connects to the dining area, where a sliding door leads to a private deck overlooking a beautifully landscaped backyard with a large shed. The main floor offers 3 generously sized bedrooms and a 4-piece bath. Adding incredible value and potential, the basement is partially finished (insulated and framed) with a 3-piece rough-in, plus separate side and rear entrances-ideal for a future in-law suite or secondary unit. Complete with parking for up to 3 vehicles and an unbeatable location close to schools, shopping, amenities, and Hwy #8 & 401. An exceptional opportunity for buyers, families, and investors alike-schedule your private viewing today! (id:63159)
Listing Information
- MLS®
- 40866427
- Data last synced
- September 26, 2026
New Era Real Estate
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: New Era Real Estate
MLS® Number: 40866427
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
$541/sqft
Building average
—
No other active listings in this building
53 - Preston South average
$412/sqft
8 active listing(s)
Parking: 3 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
5°C
—
Humidity 95%
Wind NNE calm km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
139,163
(2021 Census)
+6.6% since 2016
Density:
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Mortgage & Ownership Cost Calculator
Minimum required: 5.5% ($30,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$440,000.00
Periodic payment — Principal & Interest (monthly)$2,838.73
Additional monthly expenses (condo fees, tax, utilities, etc.)$350.42
Total monthly cost$3,189.15
Interest paid over 5-yr term$126,105.26
Balance at end of term$395,781.42
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$30,000
Stress test qualifying rate8.19%
Payment you must qualify for$4,031.95
Cash Needed at Closing
Minimum down payment$30,000
Estimated Land Transfer Tax (LTT)$7,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$38,975
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.
