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Property Type: Detached HouseOwnership: Freehold
1370 THORMAN Place
Cambridge, ON N3H4K5
MLS® 40867512
$869,900
5 bed2 bath7 parking2,979 sqftBuilt 1980
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Lot size
- 0.32 acres
- Frontage
- 63 feet
R4
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,031.64
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 8'10'' x 11'7'' |
| 4pc Bathroom | Main level | 6'9'' x 11'9'' |
| Bedroom | Main level | 12'5'' x 11'7'' |
| Dining room | Main level | 9'5'' x 11'8'' |
| Foyer | Main level | 8'9'' x 6'11'' |
| Kitchen | Main level | 13'11'' x 10'1'' |
| Living room | Main level | 16'11'' x 11'7'' |
| Primary Bedroom | Main level | 11'11'' x 15'3'' |
| 3pc Bathroom | Basement | 7'2'' x 10'5'' |
| Other | Basement | 8'6'' x 10'7'' |
| Bedroom | Basement | 12'5'' x 17'7'' |
| Laundry room | Basement | 13'3'' x 9'0'' |
| Bedroom | Basement | 15'3'' x 10'10'' |
Description
Space to settle in, room to grow and a court location to appreciate. 1370 Thorman Place in Cambridge. Situated on a generous 0.32-acre lot in an established neighbourhood and on green space, this detached bungalow offers approximately 2,979 sq. ft of living space, five bedrooms and two full bathrooms. The upstairs bath is newly finished and includes a water and air jet jacuzzi with heater. Double-car garage and a finished walkout basement, this home brings together practical everyday living and flexibility to suit your needs. Offering approximately 1,322 sq. ft. above grade, the main level provides the convenience of bungalow living, with additional finished space downstairs that extends the home's possibilities. Whether you need room for family gatherings, a dedicated home office, overnight guests or a place to unwind, the two levels give you options to create spaces that work for your lifestyle. A fireplace adds a welcoming touch, while central air keeps the home comfortable through the warmer months. The finished walkout basement is a standout feature, offering approximately 1,657sq. ft. of additional living space with direct access outdoors. The newer windows throughout and the walkout connection makes it easy to move between indoor living and outdoor, adding everyday convenience and versatility. Outside, the approximately 13,993 sq. ft. lot offers room to enjoy. Picture summer gatherings, garden beds, outdoor play or a comfortable space for your morning coffee. The court setting limits through traffic, while the attached double car garage provides useful space for vehicles, seasonal equipment and storage. For buyers seeking a bungalow with substantial finished living space and a generous outdoor setting, 1370 Thorman Place offers a compelling combination. Enjoy the home's existing features while exploring the opportunity to add your own style and make it yours. (id:63161)
Listing Information
- MLS®
- 40867512
- Data last synced
- October 28, 2026
Shaw Realty Group Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Shaw Realty Group Inc.
MLS® Number: 40867512
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
$292/sqft
Building average
—
No other active listings in this building
52 - Preston North average
$387/sqft
17 active listing(s)
Parking: 7 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: 7.1% ($61,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$695,920.00
Periodic payment — Principal & Interest (monthly)$4,489.84
Additional monthly expenses (condo fees, tax, utilities, etc.)$734.97
Total monthly cost$5,224.81
Interest paid over 5-yr term$199,452.67
Balance at end of term$625,982.29
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$61,990
Stress test qualifying rate8.19%
Payment you must qualify for$6,264.32
Cash Needed at Closing
Minimum down payment$61,990
Estimated Land Transfer Tax (LTT)$13,873
Legal / closing costs (typical estimate)$1,500
Total cash needed$77,363
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.
