131 Norfolk Avenue, Cambridge

Price: $499,000

4 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: X13695184

Welcome to this spacious and well-maintained 3+1 bedroom, 2 bathroom home offering plenty of room for the whole family. The main floor features a functional kitchen that opens into the dining area, creating an inviting space for everyday living and entertaining, along with a comfortable living room and a main floor office/bedroom. Upstairs, you'll find two additional bedrooms, while the finished lower level offers even more living space with a rec room and fourth bedroom - perfect for guests, a home office, or growing families. Outside, enjoy a good-sized backyard with plenty of space to relax, play, or entertain, along with an impressive detached garage built in 2024, offering excellent space for parking, storage, a workshop, or hobby area. Several major exterior updates have already been completed, including the roof, siding, gutters, fascia, and soffits in 2023. Some Doors and kitchen windows were updated between 2020 and 2023, adding to the home's overall functionality and appeal. With flexible living space, a large newer detached garage, a great backyard, and important updates already completed, this home offers plenty of opportunity for its next owners to move in and make it their own.

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active
New Listing
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$499,000 - 131 Norfolk Avenue, Cambridge

Detached for Sale in Cambridge

New — Listed 4 days ago
4Beds
2Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
X13695184
Property Type
Detached
Status
active
Days on Site
4
Bedrooms
4
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Cambridge
Listing Brokerage
Red And White Realty Inc
Description

Welcome to this spacious and well-maintained 3+1 bedroom, 2 bathroom home offering plenty of room for the whole family. The main floor features a functional kitchen that opens into the dining area, creating an inviting space for everyday living and entertaining, along with a comfortable living room and a main floor office/bedroom. Upstairs, you'll find two additional bedrooms, while the finished lower level offers even more living space with a rec room and fourth bedroom - perfect for guests, a home office, or growing families. Outside, enjoy a good-sized backyard with plenty of space to relax, play, or entertain, along with an impressive detached garage built in 2024, offering excellent space for parking, storage, a workshop, or hobby area. Several major exterior updates have already been completed, including the roof, siding, gutters, fascia, and soffits in 2023. Some Doors and kitchen windows were updated between 2020 and 2023, adding to the home's overall functionality and appeal. With flexible living space, a large newer detached garage, a great backyard, and important updates already completed, this home offers plenty of opportunity for its next owners to move in and make it their own.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,560.13/mo

Includes CMHC insurance ($13,922)

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5-yr fixed avg.

Principal: $449,100Interest: $305,016
Mortgage Amount$463,022
Total Interest$305,016
Est. Property Tax$353/mo
Total Cost$768,039

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

131 Norfolk Avenue, Cambridge

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
6.6%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$353
Insurance (est.)-$104
Net Cash Flow+$2,743

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 $713/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.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Cambridge. Good resale value as demand remains consistent.

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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    131 Norfolk Avenue, Cambridge | $499,000 | Battaglia Team