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Property Type: Detached HouseOwnership: Freehold
503 MAIN Street
Cambridge, ON N1R5S7
MLS® 40862769
$799,900
4 bed2 bath4 parking1,430 sqft
Property Details
Property & Lot
- Sub-type
- House
- Style
- Multi-level
- Stories
- 2
- Frontage
- 50 feet
C2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $2,941.8
Interior
- Basement
- Unfinished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Second level | — |
| 4pc Bathroom | Main level | — |
| Bedroom | Second level | 8'0'' x 10'0'' |
| Bedroom | Second level | 10'8'' x 10'8'' |
| Bedroom | Main level | 8'0'' x 10'0'' |
| Primary Bedroom | Main level | 10'0'' x 10'0'' |
| Living room | Main level | 10'0'' x 10'0'' |
| Dining room | Main level | 10'0'' x 10'0'' |
| Kitchen | Main level | 10'0'' x 10'0'' |
Description
Location, Location, Location!! Main St. It will be renovated from ground up. New Drywalls, New Insulation, New Windows, New Hvac, New Plumbing, New Electrical, Panel 200 amps, Facade, New Kitchen etc. 4 Beds and 2 Full baths with an oversize Family room. A basement with a separate entrance has the potential to add another unit. Currently finishing as legal non-conforming residential. C2 zoned. Endless possibilities for commercial or mixed-use required city permit approval.. Perfect for live/work setups, commercial conversion, or buy-and-hold investing! Outside siding may not be same color. (id:63159)
Listing Information
- MLS®
- 40862769
- Data last synced
- October 10, 2026
HOMELIFE MIRACLE REALTY LTD.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: HOMELIFE MIRACLE REALTY LTD.
MLS® Number: 40862769
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
$559/sqft
Building average
—
No other active listings in this building
24 - Alison Park/Eastview North average
$399/sqft
4 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:
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Mortgage & Ownership Cost Calculator
Minimum required: 6.9% ($54,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$639,920.00
Periodic payment — Principal & Interest (monthly)$4,128.55
Additional monthly expenses (condo fees, tax, utilities, etc.)$317.15
Total monthly cost$4,445.70
Interest paid over 5-yr term$183,402.91
Balance at end of term$575,610.11
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$54,990
Stress test qualifying rate8.19%
Payment you must qualify for$5,775.84
Cash Needed at Closing
Minimum down payment$54,990
Estimated Land Transfer Tax (LTT)$12,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$68,963
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.
