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Property Type: Detached HouseOwnership: FreeholdRECENTLY LISTED
98 WALLACE DRIVE
Cambridge, ON N1T1K8
MLS® X14110720
35
Walk Score
41
Transit
40
Bike
$1,200,000
6 bed6 full, 2 half bath4 parking
35
Walk Score
41
Transit
40
Bike
Amenities
Also listed: Separate Heating Controls, Fireplace(s)
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 43.1 x 199.6 FT
- Frontage
- 43.1 feet
R-4
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $8,816 (2026)
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Foyer | Ground level | — |
| Primary Bedroom | Second level | — |
| Recreational, Games room | Basement | — |
| Kitchen | Basement | — |
| Utility room | Basement | — |
| Utility room | Basement | — |
| Other | Basement | — |
| Den | Main level | — |
| Family room | Ground level | — |
| Kitchen | Main level | — |
| Bedroom | Upper Level | — |
| Bedroom | Upper Level | — |
| Eating area | Ground level | — |
| Kitchen | Ground level | — |
Description
Welcome to 98 Wallace Drive! This North Galt duplex offers just over 4500 sq. ft. of finished living space. The spacious main home & a modern designed 2-bed, 2-bath addition with its own entrance, kitchen, laundry & backyard access. With a deep lot, multiple living areas & thoughtful upgrades, this home delivers flexibility, comfort & room to grow. Check our TOP 8 reasons why this home is the right fit for you. 8: CLEMENS MILL: A family-friendly neighbourhood close to great schools, parks, essentials, Highway 401 & shopping along Hespeler Rd. 7: BRIGHT MAIN FLOOR: The extended driveway leads to a welcoming foyer, sitting room & family room with stone fireplace. Hardwood & tile flooring, built-ins, a mudroom off the garage & a powder room support easy daily living. 6: EAT-IN KITCHEN: A bright kitchen with S/S appliances, subway tile backsplash & peaceful backyard views. Includes a dinette with walkout + a separate dining room for hosting. 5: SPACIOUS BACKYARD: A deep, fully fenced yard with stone walkways, patio, gazebo, deck overlooking the pool, fire pit, mature fruit trees, perennial gardens, fountain & shed. The 2nd unit has its own backyard walkout too. 4: DETACHED WORKSHOP: A separate brick workshop adds space for tools, hobbies & equipment - keeping the garage free. 3: SECOND UNIT: A self-contained in-law addition with its own entrance, upgraded flooring, bright living room, quartz kitchen, S/S appliances, powder room, two bedrooms, laundry & full bath. Ideal for extended or multigenerational living. 2: BEDROOMS & BATHROOMS: The main home presents four bedrooms. The primary suite features a walk-in closet, custom built-ins & a 4-piece ensuite. A separate 4-piece bath serves the additional bedrooms. 1: FINISHED BASEMENT: A large rec room, 2nd kitchen, 4-piece bath, laundry, cold room & storage provide even more functional space. A place for your family to grow with the benefit of income-producing space - a legal duplex, the best of both worlds. (id:63161)
Listing Information
- MLS®
- X14110720
- Tax assessment year
- 2026
- Data last synced
- October 27, 2026
RE/MAX TWIN CITY REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX TWIN CITY REALTY INC.
MLS® Number: X14110720
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
$416/sqft
251 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: 7.9% ($95,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$960,000.00
Periodic payment — Principal & Interest (monthly)$6,193.59
Additional monthly expenses (condo fees, tax, utilities, etc.)$734.67
Total monthly cost$6,928.26
Interest paid over 5-yr term$275,138.76
Balance at end of term$863,523.10
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$95,000
Stress test qualifying rate8.19%
Payment you must qualify for$8,567.88
Cash Needed at Closing
Minimum down payment$95,000
Estimated Land Transfer Tax (LTT)$20,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$116,975
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.
