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Property Type: Detached HouseOwnership: Freehold
76 AVENUE Road
Cambridge, ON N1R1C1
MLS® 40866808
$499,000
2 bed2 bath5 parking1,075 sqft
Open House
Saturday, October 31
2:00 PM – 4:00 PM
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 1.5
- Frontage
- 40 feet
R2
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $2,414
Interior
- Basement
- Finished, Full
- Heating
- Baseboard heaters
- Cooling / A/C
- Window air conditioner
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Second level | 10'0'' x 11'0'' |
| Living room | Main level | 10'11'' x 11'4'' |
| Kitchen/Dining room | Main level | 14'0'' x 8'8'' |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 10'11'' x 9'1'' |
| 4pc Bathroom | Basement | — |
| Kitchen | Basement | 8'1'' x 12'2'' |
| Living room | Basement | 9'0'' x 10'10'' |
Description
Welcome to 76 Avenue Rd, a beautifully renovated and well-maintained bungalow situated on a desirable corner lot in an established Cambridge neighbourhood. Offering 2 bedrooms and 2 bathrooms with approximately 1,075 sq. ft. of living space, this home features a refreshed kitchen, bright and inviting principal rooms, and comfortable main-floor living. The finished lower level adds incredible versatility with a second kitchen, bathroom, and separate entrance, creating an ideal space for extended family, guests, or flexible living arrangements. With its separate entrance, second kitchen and bathroom, the lower level offers huge potential for creating a secondary suite, subject to City of Cambridge approvals and applicable zoning requirements. The approximately 40' x 107' corner lot provides excellent outdoor space, added privacy, and future potential, with opportunities for an additional residential unit or other development possibilities, subject to City approvals and zoning requirements. A school located on the same block adds exceptional convenience for families, while the established neighbourhood offers a great balance of comfort and accessibility. Whether you’re a first-time buyer, growing family, downsizer, or investor, 76 Avenue Rd presents a fantastic opportunity to own a move-in-ready detached home with valuable lower-level space and exciting future potential. (id:63161)
Listing Information
- MLS®
- 40866808
- Data last synced
- October 29, 2026
eXp Realty, Brokerage
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: eXp Realty, Brokerage
MLS® Number: 40866808
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
$464/sqft
Building average
—
No other active listings in this building
31 - Northview average
$390/sqft
9 active listing(s)
Parking: 5 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% ($24,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$399,200.00
Periodic payment — Principal & Interest (monthly)$2,575.50
Additional monthly expenses (condo fees, tax, utilities, etc.)$255.17
Total monthly cost$2,830.67
Interest paid over 5-yr term$114,411.87
Balance at end of term$359,081.69
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$24,950
Stress test qualifying rate8.19%
Payment you must qualify for$3,675.66
Cash Needed at Closing
Minimum down payment$24,950
Estimated Land Transfer Tax (LTT)$6,455
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,905
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.
