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Property Type: Detached HouseOwnership: Freehold
218 MONTROSE STREET S
Cambridge, ON N3H2J2
MLS® X14032062
$532,500
3 bed2 bath6 parking
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Lot size
- 75 x 66 FT
- Frontage
- 75 feet
R5
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,900 (2025)
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | — |
| Cold room | Basement | — |
| Kitchen | Main level | — |
| Primary Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
| Bathroom | Main level | — |
| Bathroom | Basement | — |
| Bedroom 3 | Basement | — |
| Family room | Basement | — |
| Laundry room | Basement | — |
| Workshop | Basement | — |
Description
A great bungalow with 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. Lots of updates: Brand new furnace (2026), Roof shingles (2011), central air (2011). Hydro is breakers. Windows have been replaced (even the basement windows). 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. 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 yard, 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 a first time buyer or investor. (id:63161)
Listing Information
- MLS®
- X14032062
- Tax assessment year
- 2025
- Data last synced
- October 26, 2026
RE/MAX REAL ESTATE CENTRE INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX REAL ESTATE CENTRE INC.
MLS® Number: X14032062
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: 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:
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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.)$325.00
Total monthly cost$3,073.41
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.
