223 Water Street, Cambridge, ON

$499,900
MLS#:X14011376
4 beds
3 baths
1500-2000 sqft
3.0 parking
Residential Freehold
Residential Freehold for sale - 4 Bed, 3 Bath Home at 223 Water Street Cambridge ON listed at $499,900 (MLS# X14011376) - Main View
For Sale
Added:Oct 13, 2026(today)
Updated:Oct 13, 2026(today)
Last Checked:23 minutes ago

Property Highlights

Welcome to this remarkable 2 1/2 Storey duplex located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $499,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 33.14 x 165 ft lot
  • Features a separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • Ample parking with 0.0 garage spaces (3.0 total parking spaces)
  • Notable attributes: Primary Bedroom - Main Floor
  • equipped with central air central cooling and highly efficient forced air heating via oil

Description

Great investment property with strong income potential. You will get vacant possession and set your own rents. The main level has living room, dining room, Eat-in kitchen, bathroom, Primary bedroom and a small bedroom with a full exist to the private backyard, The up stairs has Kitchen, eating are or living with two bedrooms and a loft. The basement has laundry, 3 piece bathroom... (currently the son is living there). The main level boasts high ceilings, a den/office/bed and a front and rear entrance. Three car parking behind the house. Conveniently located near the schools, hospital, shopping, and downtown, with nearby parks, river trails, and walking paths for outdoor recreation. Twenty minutes to the 401 and a bus stop directly across the road. Two Separate Hydro meters A real Money Maker.

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Property Summary

This duplex located at 223 Water Street, Cambridge is currently for sale and has been available for 0 days. This property is listed at $499,900 with an estimated mortgage of $1,664* per month. It has 4 beds, 3 bathrooms, and is 1500-2000 square feet. 223 Water Street, Cambridge

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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 4 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Cambridge.

Highly Recommended for Families
What We Love About This Home
  • •4 spacious bedroom layout offering versatile living space
  • •3 well-appointed bathrooms
  • •1500-2000 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in Cambridge.

Target Buyer Match

Key Features

Bedrooms
4
Bathrooms
3
Kitchens
2
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Price$499,900
AddedOct 13, 2026 (today)
UpdatedOct 13, 2026 (today)
Last Checked23 minutes ago
Transaction TypeFor Sale
List Office NameRE/MAX REAL ESTATE CENTRE INC.

Property Details

Property Sub-TypeDuplex
Architectural Style2 1/2 Storey
ConstructionBrick
BasementSeparate Entrance
Lot Size33.14 Ă— 165 Feet
CountyWaterloo
Annual Tax$3,782
Legal DescriptionPT LT 7 E/S HUNTER ST PL 440 CAMBRIDGE (AKA WATER ST N) AS IN WS701516; S/T & T/W WS701516; S/T 67EX408; CAMBRIDGE

Parking & Garage

Parking Total3.0
Parking Space3
Garage Parking0.0
Garage TypeNone

Heating & Cooling

Heat SourceOil
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • Primary Bedroom - Main Floor

Security Features

None listed

Community Features

None listed

Property History

No historical data available for this property.

This could be the first listing for this address.

Cambridge Home Buyer Advisory & Market HubActive MLS® Listing in Cambridge, Ontario

Looking to Buy a Home in Cambridge?

If you are looking for a house in Cambridge or researching Cambridge real estate for sale, this 4-bedroom duplex at 223 Water Street, Cambridge, ON offers an exceptional opportunity to buy a home in Cambridge, Ontario. Whether you are a first-time Cambridge home buyer or comparing active Cambridge MLS® homes for sale, working with a dedicated Cambridge buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.

Cambridge Homes for Sale & MLS® Listings

Browse all verified Cambridge real estate listings, compare active Cambridge houses for sale, and view brand new MLS® inventory before it hits the open market.

Dedicated Cambridge Buyer Agent

Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Cambridge realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.

Cambridge Buyer Budget & Costs

Estimated mortgage: $1,664*/month*. Estimated Ontario Land Transfer Tax: $6,473. First-time Cambridge home buyers may qualify for up to $8,475 in rebates.

Frequently Asked Questions: Buying a Home in Cambridge

Frequently Asked Questions about 223 Water Street, Cambridge, ON

Q.What is the asking price for 223 Water Street, Cambridge, ON ?

The current listing price for 223 Water Street, Cambridge, ON in Cambridge is $499,900.

Q.How many bedrooms and bathrooms does this property have?

This property features 4 bedrooms and 3 bathrooms across approximately 1500-2000 sqft.

Q.What property type and architectural style is 223 Water Street, Cambridge, ON ?

223 Water Street, Cambridge, ON is a Duplex (2 1/2 Storey) featuring a Separate Entrance basement.

Q.What interior features are included in this home?

Interior highlights include: Primary Bedroom - Main Floor.

Q.Is parking available at this property?

Yes, this property offers parking space for 3.0 vehicles (None).

Q.What heating and cooling systems are installed?

Heating is provided via Oil and cooling via Central Air.

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Location

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223 Water Street, Cambridge, ON

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Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Cambridge, Cambridge

SAFETY RATING9.4 / 10
Low Incident Area
Total Annual Incidents35 incidents / yr
Average Per Month2.9 incidents / mo
Population BenchmarkArea Average residents
Personal Safety
Very Low

8 assaults (30.0/100k)

Property Security
Very Low

8 B&E (30.0/100k)

Auto Theft Risk
Low Risk

10 thefts (35.0/100k)

1-Year Trend
â–Ľ 6%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: Official Police Services ArcGIS Open Data
Halton & GTA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

Pricing & Value Insights

Data-driven valuation for 223 Water Street N, Cambridge, ON N1R 3B9

Estimated Sales Range
$475,000 - $490,000

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Cambridge.

Configure Loan Settings

Interest Rate4.00%
Down Payment$149,970 (30.0%)
* Minimum Canadian down payment required for this price is $24,995.
Amortization Period30 Years
Estimated Monthly Payment$1,664Based on a loan of $349,930 over 30 years.
Purchase Price$499,900
Loan Amount$349,930
Provincial Land Transfer Tax:$6,473
Total Estimated Closing Taxes:$6,473

About Purchasing a Home in Cambridge, ON

For a property listed at $499,900 in Cambridge, the legal minimum down payment is $24,995 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,473 for this transaction. As this listing is in Cambridge (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,473.

Cambridge Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Cambridge.

Verified Local Data
City Population575,847
City Median Age38 Yrs
City Ownership65% Owners
Avg Area List Price$1,232,213

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Best Schools in Cambridge

Elementary Schools

Elgin Street
Public685 Elgin Street North, Cambridge, Ontario, N1R 7W6
6.2
Avenue Road
Public40 Gail Street, Cambridge, Ontario, N1R 4M2
3.3
St Peter
Public92 Avenue Road, Cambridge, Ontario, N1R 1C1
5.6
Christ The King
Public70 Acorn Way, Cambridge, Ontario, N1R 8M5
3.1
Blue Heron
Public749 Grand Valley Drive, Preston, Cambridge, Ontario, N3H 2S3
5.3

Secondary Schools

Galt
Public200 Water Street North, Galt, Cambridge, Ontario, N1R 6V2
5.9
St. Benedict
Catholic50 Saginaw Parkway, Cambridge, Ontario, N1R 5W1
6.8

Cambridge Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

Need more details or a custom CMA?

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.

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