Loading…
Property Type: Detached HouseOwnership: Freehold
218 MONTROSE Street S
Cambridge, ON N3H2J2
MLS® 40870059
$532,500
3 bed2 bath6 parking1,430 sqftBuilt 1969
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Lot size
- 0.11 acres
- Frontage
- 75 feet
R5
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,900
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Recreation room | Basement | 24'5'' x 11'4'' |
| 3pc Bathroom | Basement | — |
| Bedroom | Basement | 8'7'' x 11'1'' |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 12'6'' x 8'5'' |
| Primary Bedroom | Main level | 12'6'' x 10'11'' |
| Kitchen | Main level | 10'11'' x 11'0'' |
| Living room/Dining room | Main level | 19'0'' x 11'1'' |
Description
Well kept, brick bungalow with open concept layout , situated on a nice lot. Band new furnace (2026), Roof shingles (2011), central air (2011). Hydro is breakers. Windows (2013) (all have been replaced even the basement windows, most are easy clean windows that tilt or swing out), there is extra insulation in attic. The only rental is the hot water heater. This home has in-law potential. The basement features a separate entrance, 3 piece bathroom, large bedroom and huge recreation room (lots of space for a 2nd kitchen or 4th bedroom). Parking for at least 6 cars and no side walk to shovel. Bright living room/dining room with big picture windows on each end. The kitchen has a movable island and is open to the living room. The kitchen is original but has a cool retro cabinetry. Original hardwood floors on the main floor. Great South Preston neighbourhood. 2 blocks to Grandview Public School. Close to downtown Preston with quaint shops and restaurants. Also handy to arenas and beautiful trails along the Grand River. Nice lot, its 75 feet wide and the back yard has a patio with gazebo (gazebo curtains are stored inside) and the side yard is perfect for planting and has raised gardens. This fully detached home is perfect for first time buyers and investors. (id:63161)
Listing Information
- MLS®
- 40870059
- Data last synced
- October 29, 2026
RE/MAX REAL ESTATE CENTRE INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX REAL ESTATE CENTRE INC.
MLS® Number: 40870059
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
$372/sqft
Building average
—
No other active listings in this building
53 - Preston South average
$436/sqft
8 active listing(s)
Parking: 6 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
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 5.3% ($28,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$426,000.00
Periodic payment — Principal & Interest (monthly)$2,748.41
Additional monthly expenses (condo fees, tax, utilities, etc.)$397.00
Total monthly cost$3,145.41
Interest paid over 5-yr term$122,092.82
Balance at end of term$383,188.38
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$28,250
Stress test qualifying rate8.19%
Payment you must qualify for$3,909.82
Cash Needed at Closing
Minimum down payment$28,250
Estimated Land Transfer Tax (LTT)$7,125
Legal / closing costs (typical estimate)$1,500
Total cash needed$36,875
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.
