111 Pinewood Avenue, Cambridge

Price: $499,900

3 bedrooms, 1 bathrooms

1,100 - 1,499 sqft

Property Type: Detached

MLS#: X13520988

BRING YOUR VISION TO THIS CHARMING PRESTON BUNGALOW! Nestled on a mature, tree-lined street in one of Cambridge's most desirable neighbourhoods, 111 Pinewood Avenue offers endless potential for those looking to make a home their own. This 3-bedroom, 1-bath bungalow features approximately 1,284 sq. ft. of finished living space, a bright living room, a spacious eat-in kitchen with ample cabinetry, and a separate dining area. The finished lower level provides additional space, currently used as a recreation room but great for a home office or hobby area. Outside, you'll find a detached garage, a long concrete driveway, and a large private backyard ready for your personal touch. Conveniently located close to schools, parks, shopping, public transit, the Grand River, and Highway 401, this is a fantastic opportunity for first-time buyers, renovators, or anyone looking to create their dream home in an exceptional Preston location. Some photos are virtually staged.

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active
New Listing
1/27

$499,900 - 111 Pinewood Avenue, Cambridge

Detached for Sale in Cambridge

New — Listed 4 days ago
3Beds
1Baths
1,100 - 1,499Sq Ft
Detached
Property Details
MLS Number
X13520988
Property Type
Detached
Status
active
Days on Site
4
Bedrooms
3
Bathrooms
1
Square Feet
1,100 - 1,499 sqft
Neighbourhood
Cambridge
Listing Brokerage
RE/MAX TWIN CITY FAISAL SUSIWALA REALTY
Description

BRING YOUR VISION TO THIS CHARMING PRESTON BUNGALOW! Nestled on a mature, tree-lined street in one of Cambridge's most desirable neighbourhoods, 111 Pinewood Avenue offers endless potential for those looking to make a home their own. This 3-bedroom, 1-bath bungalow features approximately 1,284 sq. ft. of finished living space, a bright living room, a spacious eat-in kitchen with ample cabinetry, and a separate dining area. The finished lower level provides additional space, currently used as a recreation room but great for a home office or hobby area. Outside, you'll find a detached garage, a long concrete driveway, and a large private backyard ready for your personal touch. Conveniently located close to schools, parks, shopping, public transit, the Grand River, and Highway 401, this is a fantastic opportunity for first-time buyers, renovators, or anyone looking to create their dream home in an exceptional Preston location. Some photos are virtually staged.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,564.75/mo

Includes CMHC insurance ($13,947)

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5-yr fixed avg.

Principal: $449,910Interest: $305,567
Mortgage Amount$463,857
Total Interest$305,567
Est. Property Tax$354/mo
Total Cost$769,424

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Cambridge

Discover Cambridge

Cambridge is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Cambridge

  • Convenient location in Cambridge
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Cambridge offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

111 Pinewood Avenue, Cambridge

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
5.6%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$354
Insurance (est.)-$104
Net Cash Flow+$2,342

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $454/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Just Listed - Act Strategically

This property hit the market within the last week. In Cambridge's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Detached Home Advantages

Detached homes in Cambridge are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    111 Pinewood Avenue, Cambridge | $499,900 | Battaglia Team