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Property Type: Detached HouseOwnership: Freehold
16 MERCER Road
Cambridge, ON N1R5A5
MLS® 40854388
$549,900
3 bed1 bath4 parking1,516 sqftBuilt 1941
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 1.5
- Frontage
- 40 feet
R5
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,886.3
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
- Fireplace
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Den | Basement | 6'4'' x 10'5'' |
| Utility room | Basement | 7'6'' x 6'7'' |
| Storage | Basement | 4'0'' x 4'10'' |
| Cold room | Basement | 3'11'' x 7'6'' |
| Recreation room | Basement | 16'9'' x 10'8'' |
| Laundry room | Basement | 6'11'' x 11'1'' |
| Primary Bedroom | Second level | 16'6'' x 9'1'' |
| Bedroom | Second level | 7'1'' x 11'8'' |
| Kitchen | Main level | 11'2'' x 10'7'' |
| Living room | Main level | 12'2'' x 21'2'' |
| Dining room | Main level | 8'9'' x 10'0'' |
| Bedroom | Main level | 7'3'' x 9'8'' |
| 3pc Bathroom | Main level | 5'2'' x 6'8'' |
Description
Welcome to this well-maintained 1.5-storey home nestled in the highly desirable North Galt community of Cambridge. Offering 3 bedrooms, 1 bathroom, and a functional layout, this charming home is ideal for families, first-time buyers, or those looking to downsize without compromising on space. The bright and spacious living room provides a warm and inviting atmosphere for everyday living and entertaining. A versatile main-floor bedroom offers flexibility and can easily serve as a home office, playroom, or guest room to suit your lifestyle. The finished basement features a den that can be adapted for a variety of uses, including a home office, hobby room, fitness space, or additional family area. Step outside to enjoy the huge backyard, providing plenty of room for children to play, pets to roam, gardening enthusiasts, or future outdoor entertaining. The property offers the perfect balance of indoor comfort and outdoor enjoyment. Located in a sought-after family-friendly neighborhood, residents enjoy close proximity to parks, playgrounds, schools, shopping, and recreation facilities. Churchill Park and scenic walking trails are just minutes away, while convenient access to Highway 401 makes commuting to Kitchener-Waterloo, Guelph, and the GTA a breeze. With everyday amenities, restaurants, and major retailers nearby, this established North Galt community continues to be a popular choice for families seeking a connected and active lifestyle. (id:63159)
Listing Information
- MLS®
- 40854388
- Data last synced
- September 15, 2026
RE/MAX Real Estate Centre Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX Real Estate Centre Inc.
MLS® Number: 40854388
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
$363/sqft
Building average
—
No other active listings in this building
30 - Elgin Park/Coronation average
$401/sqft
14 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
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
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Mortgage & Ownership Cost Calculator
Minimum required: 5.5% ($29,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$439,920.00
Periodic payment — Principal & Interest (monthly)$2,838.21
Additional monthly expenses (condo fees, tax, utilities, etc.)$399.86
Total monthly cost$3,238.07
Interest paid over 5-yr term$126,082.34
Balance at end of term$395,709.46
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$29,990
Stress test qualifying rate8.19%
Payment you must qualify for$4,031.25
Cash Needed at Closing
Minimum down payment$29,990
Estimated Land Transfer Tax (LTT)$7,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$38,963
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.
