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Property Type: TownhouseOwnership: FreeholdRECENTLY LISTED
78 MICHIGAN AVENUE
Cambridge, ON N3C0C9
MLS® X14111980
10
Walk Score
32
Transit
53
Bike
$685,000
3 bed3.5 bath2 parking
10
Walk Score
32
Transit
53
Bike
Open House
Saturday, October 31
2:00 PM – 4:00 PM
Sunday, November 1
2:00 PM – 4:00 PM
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
- Stories
- 2
- Lot size
- 23 x 82 FT
- Frontage
- 23 feet
Res
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Freehold
- Annual property tax
- $4,324.83
Interior
- Basement
- Finished, N/A
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Description
Beautiful freehold townhouse in the sought-after Hespeler neighbourhood-welcome to 78 Michigan Avenue! This well-maintained home features 3 bedrooms and 2.5 bathrooms, with a bright,open-concept main floor offering a separate dining area, spacious kitchen and living room, and sliding doors leading to a fully fenced backyard. Upstairs, the spacious primary bedroomfeatures a walk-in closet and private ensuite, complemented by two additional generously sized bedrooms. The finished basement with rec room provides valuable extra living space, perfect for a family room, home office or entertainment area.Conveniently located near schools, parks, trails, shopping and everyday amenities, with easy access to Hespeler Road, Highway 401 and Highway 8. The Region of Waterloo International Airport is also within a short drive. Enjoy nearby Michigan Avenue Park and outdoor recreation around the Speed River and Mill Pond Park. A move-in-ready home offering space, comfort andconvenience in a desirable Hespeler location. (id:63161)
Listing Information
- MLS®
- X14111980
- Data last synced
- October 27, 2026
CENTURY 21 PROPERTY ZONE REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: CENTURY 21 PROPERTY ZONE REALTY INC.
MLS® Number: X14111980
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
$369/sqft
83 active listing(s)
Parking: 2 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: 6.4% ($43,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$548,000.00
Periodic payment — Principal & Interest (monthly)$3,535.51
Additional monthly expenses (condo fees, tax, utilities, etc.)$360.40
Total monthly cost$3,895.91
Interest paid over 5-yr term$157,058.38
Balance at end of term$492,927.77
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$43,500
Stress test qualifying rate8.19%
Payment you must qualify for$4,974.02
Cash Needed at Closing
Minimum down payment$43,500
Estimated Land Transfer Tax (LTT)$10,175
Legal / closing costs (typical estimate)$1,500
Total cash needed$55,175
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.
