$999,000 - 182 Kerwood Drive, Cambridge
Detached for Sale in Cambridge
New — Listed 7 days ago- MLS Number
- X13508188
- Property Type
- Detached
- Status
- active
- Days on Site
- 7
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- ROYAL LEPAGE WOLLE REALTY
Beautifully renovated with a fully legal, city-approved second dwelling unit (2022), this exceptional 5-bedroom home offers the rare combination of modern living, income potential, and outstanding flexibility. Sun-filled living spaces are complemented by premium hardwood flooring throughout the main and upper levels, updated millwork, modern lighting, and fresh professional paint, creating a timeless interior that is both elegant and inviting. At the heart of the home, the spacious kitchen offers abundant workspace and is enhanced by a newly installed dishwasher and reverse osmosis water filtration system. The legal lower-level suite is thoughtfully designed with a full kitchen, oversized above-grade windows, a private walkout, patio, and separate pathway, making it ideal for multi-generational living, extended family, or a premium rental opportunity. Step outside to a full-width deck (2022) overlooking a private backyard providing a peaceful setting for entertaining or quiet evenings outdoors. A rare 28-foot deep double garage comfortably accommodates two full-size pickup trucks while still offering generous space for a workshop, hobbies, or additional storage. Its added depth also enhances the home's curb appeal by positioning the residence farther back from the street. Significant recent improvements include a newer roof, professionally painted exterior, and extensive concrete work across the driveway, side yard, and backyard (2022/2023). Thoughtfully updated throughout and complete with a legal second suite, this move-in-ready home offers exceptional flexibility, enduring quality, and lasting value. *Measurements as per Iguide with total exterior area above grade.
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.
182 Kerwood Drive, Cambridge
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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.
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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Cambridge.
Bathroom Count Matters
With 4 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.