$999,000 - 16 Edward Street, Cambridge
Detached for Sale in Cambridge
126 days on market- MLS Number
- X12590370
- Property Type
- Detached
- Status
- active
- Days on Site
- 126
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Discover an exceptional opportunity in Hespeler. A stunning home built in 2023 offering modern living, privacy, and a highly walkable location in one of Cambridge's most desirable neighbourhoods. With a Tarion warranty remaining and no new construction available in this mature pocket, this property is a rare offering for buyers seeking a newer home without leaving Hespeler. Backing onto a peaceful treed lookout, this home delivers natural views and a sense of privacy that's hard to find. Just down the street, you'll find Woodland Park, a beloved neighbourhood spot featuring a playground, open green space, and access to nearby forested walking trails, perfect for families and outdoor enthusiasts. Inside, the thoughtful floor plan features 3 spacious bedrooms plus a dedicated office space, ideal for today's work-from-home or blended lifestyle. The main level is bright and inviting, with an open-concept layout, generous living and dining areas, and large windows framing the natural backdrop. The upper level offers well-proportioned bedrooms, including a comfortable primary suite. The unfinished basement provides a blank canvas to add future living space and storage. From the main living area you step outside to a large deck spanning the entire width of the home, offering ample room for outdoor dining, lounging, or simply enjoying the serene treed views. Additional highlights include the remaining Tarion warranty, a private backyard, an efficient modern floor plan, and a quiet street in a mature, established neighbourhood. All of this is just a short walk to Woodland Park, its playground, and forested trail access, while still being close to schools, shopping, and only minutes from Hwy 401 for easy commuting. A newer home in Hespeler is nearly unheard of, especially one just steps to Woodland Park. This is a rare find you won't want to miss.
Estimate your monthly payments for this property
Estimated Payment
$5,125.39/mo
Includes CMHC insurance ($27,872)
5-yr fixed avg.
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.
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
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.
16 Edward Street, Cambridge
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $666/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.
Negotiation Opportunity
At 126 days on site, this property has exceeded the typical selling timeline for Cambridge. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Cambridge properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.