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Property Type: Detached HouseOwnership: Freehold
1504 CONCESSION ROAD
Cambridge, ON N3H4L9
MLS® X13518134
$299,000
0 bed0 bath1 parking
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 50.1 x 100.3 FT
- Frontage
- 50.1 feet
R4
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $2,419.49
Interior
- Basement
- Crawl space
- Heating
- Other, Other
- Cooling / A/C
- None
- Fireplace
- None
Description
Incredible development opportunity in the heart of Cambridge! Build a lucrative "plex" investment property or your own custom home in a highly desirable, amenity-rich neighbourhood. Walking distance to schools, groceries, pharmacies, and hospitals, and just one minute from the bustling Hespeler Road retail corridor. The site features municipal water and sewer availability and holds excellent development advantages. Formerly a Hydro building (decommissioned in 2000), vital environmental milestones are already met: Phase One / Two Environmental Site Assessments (ESAs), and a Risk Assessment (RA) have been completed by certified third party consultant to support filing a Record of Site Condition (RSC), which is required for residential development. The ESA studies will be requiring updating before filing for RSC. A pre-consultation application for a multi-unit residential building was submitted to the City of Cambridge. However, due to other commitments, the application was not pursued further. Corner lot (Concession and Bishop) (id:63161)
Listing Information
- MLS®
- X13518134
- Data last synced
- October 23, 2026
CITYSCAPE REAL ESTATE LTD.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: CITYSCAPE REAL ESTATE LTD.
MLS® Number: X13518134
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 Toronto Regional Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Cambridge average
$416/sqft
251 active listing(s)
Parking: 1 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:
Similar Listings Nearby
No similar listings found nearby right now.
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($14,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$239,200.00
Periodic payment — Principal & Interest (monthly)$1,543.24
Additional monthly expenses (condo fees, tax, utilities, etc.)$201.62
Total monthly cost$1,744.86
Interest paid over 5-yr term$68,555.41
Balance at end of term$215,161.17
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$14,950
Stress test qualifying rate8.19%
Payment you must qualify for$2,202.45
Cash Needed at Closing
Minimum down payment$14,950
Estimated Land Transfer Tax (LTT)$2,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$19,410
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.