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New6 days ago

246 Hillcrest Road

, Cambridge

$599,000

Detached|Bungalow
3 | 2 | 3
About this home

**TURNKEY RENOVATED BUNGALOW ON AN IMPRESSIVE 68.69 x 132.75 FT LOT!** Welcome to this beautifully updated Cambridge home, offering modern finishes, exceptional outdoor space, and incredible versatility! Featuring 3+1 bedrooms and 2 renovated bathrooms (2026), this move-in-ready home showcases new flooring, fresh paint, abundant Halo pot lights, and a luxurious spa-inspired 5-head shower. The bright, carpet-free main level offers comfortable everyday living, while the finished basement features a 4th bedroom, spacious recreation room with gas fireplace, waterproof flooring, ample storage, and a separate entrance. **ADDED VALUE: A municipal permit has been issued for a two-bedroom basement apartment, transferable to the new owner, offering exciting potential for future secondary living space!** Additional highlights include an updated electrical panel and wiring, plus a durable metal roof (2017). Step outside to enjoy the oversized fenced backyard with mature surroundings, privacy, and plenty of space for entertaining, gardening, or family activities. A single-car garage and ample driveway parking add convenience. Nestled in an established, quiet, family-friendly Preston neighbourhood, close to local schools, parks, playgrounds, and Riverside Park. Enjoy easy access to Costco, Preston Town Centre, shopping, transit, Cambridge Memorial Hospital, Conestoga College, and Highway 401. **A rare opportunity to enjoy a beautifully renovated home with future income potential on a generously sized lot in a desirable Cambridge location!**

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,615
Lot Size68.69 ft x 132.75 ft
mls© NumberX13977224
Listed ByRE/MAX REAL ESTATE CENTRE INC.

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,066
Property tax
$385
Heat allowance
$150
Housing costs
$3,601 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $119,800
25-yr amortization

Income needed

$111,000

gross annual household income

Payment at 4%
$2,521 / mo
Cash down
$119,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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