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Property Type: Detached HouseOwnership: Freehold
6587 ELLIS Road E
Cambridge, ON N3C2V4
MLS® 40859831
$729,000
3 bed1 bath8 parking1,125 sqft
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Lot size
- 0.27 acres
- Frontage
- 60 feet
A
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,780.7
Interior
- Basement
- None
- Heating
- Baseboard heaters, Electric
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 9'0'' x 11'10'' |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 9'0'' x 12'0'' |
| Primary Bedroom | Main level | 9'2'' x 12'0'' |
| Kitchen | Main level | 15'0'' x 16'8'' |
| Living room | Main level | 13'10'' x 15'0'' |
Description
Rare Opportunity – Rural Living Just Minutes from the City! Welcome to this beautifully updated 1,100+ sq ft bungalow set on a 0.27-acre lot with a generous 60 ft x 200 ft (approx.) lot size. A true gem for those dreaming of countryside living without sacrificing convenience – located just outside the city limits with easy access to the 401 and all nearby amenities. The painted, newly renovated home offers the potential to build your dream home or even a tiny house! Adjacent to government-owned land to the east, enjoy an expansive feel without the added taxes. The property also features a 24' x 32' detached shop with hydro—perfect for a hobbyist, workspace, or additional storage. Don’t miss your chance to own affordable rural property in today’s market! Some photos are virtually staged. (id:63159)
Listing Information
- MLS®
- 40859831
- Data last synced
- September 25, 2026
RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
MLS® Number: 40859831
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
$648/sqft
Building average
—
No other active listings in this building
72 - Crieff/Aikensville/Killean average
$1,292/sqft
3 active listing(s)
Parking: 8 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: 6.6% ($47,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$583,200.00
Periodic payment — Principal & Interest (monthly)$3,762.61
Additional monthly expenses (condo fees, tax, utilities, etc.)$371.06
Total monthly cost$4,133.67
Interest paid over 5-yr term$167,146.80
Balance at end of term$524,590.29
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$47,900
Stress test qualifying rate8.19%
Payment you must qualify for$5,281.07
Cash Needed at Closing
Minimum down payment$47,900
Estimated Land Transfer Tax (LTT)$11,055
Legal / closing costs (typical estimate)$1,500
Total cash needed$60,455
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.
