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Property Type: Detached HouseOwnership: Freehold
223 WATER Street N
Cambridge, ON N1R3B9
MLS® 40868428
$499,900
4 bed3 bath3 parking1,618 sqft
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 33 feet
R-5
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,782
Interior
- Basement
- Partially finished, Partial
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Basement | 4'6'' x 7'6'' |
| 4pc Bathroom | Second level | 5'0'' x 6'6'' |
| 4pc Bathroom | Main level | 6'0'' x 6'0'' |
| Bedroom | Second level | 10'6'' x 10'6'' |
| Primary Bedroom | Second level | 11'4'' x 12'7'' |
| Loft | Second level | 30'0'' x 13'6'' |
| Living room/Dining room | Second level | 11'3'' x 12'0'' |
| Kitchen | Second level | 7'2'' x 7'6'' |
| Bedroom | Main level | 6'0'' x 7'9'' |
| Primary Bedroom | Main level | 10'9'' x 11'0'' |
| Living room | Main level | 12'6'' x 12'4'' |
| Kitchen | Main level | 11'3'' x 15'6'' |
Description
Charming, inviting nicely upgraded home. Enjoy the total of 5 bedrooms, (none in the basement). 3 Bathrooms, 2 Kitchens, mostly freshly painted, original wood work, high ceiling's character, unique loft, 3 car parking. It has a huge backyard which offers plenty of space to relax, play, or even explore the possibility of a future gardens... This location you can take advance of what all the Down town has to offer, river walks, trail walks, restaurants, coffee shops, shopping, schools, hospital, running track, and a bus stop across from the front door. This location truly has it all. You can move right in. Incredible opportunity. .. (id:63159)
Listing Information
- MLS®
- 40868428
- Data last synced
- October 20, 2026
RE/MAX REAL ESTATE CENTRE INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX REAL ESTATE CENTRE INC.
MLS® Number: 40868428
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
$309/sqft
Building average
—
No other active listings in this building
30 - Elgin Park/Coronation average
$407/sqft
14 active listing(s)
Parking: 3 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: 5.0% ($24,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$399,920.00
Periodic payment — Principal & Interest (monthly)$2,580.15
Additional monthly expenses (condo fees, tax, utilities, etc.)$396.17
Total monthly cost$2,976.31
Interest paid over 5-yr term$114,618.22
Balance at end of term$359,729.33
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$24,995
Stress test qualifying rate8.19%
Payment you must qualify for$3,682.29
Cash Needed at Closing
Minimum down payment$24,995
Estimated Land Transfer Tax (LTT)$6,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,968
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.
