A great bungalow with in-law potential. The basement features a separate entrance, 3 piece bathroom, large bedroom and huge recreation room (lots of space for a 2nd kitchen or 4th bedroom). Parking for at least 6 cars and no side walk to shovel. Lots of updates: Brand new furnace (2026), Roof shingles (2011), central air (2011). Hydro is breakers. Windows have been replaced (even the basement windows). Bright living room/dining room with big picture windows on each end. The kitchen has a movable island and is open to the living room. Original hardwood floors on the main floor. Great South Preston neighbourhood. 2 blocks to Grandview Public School. Close to downtown Preston with quaint shops and restaurants. Also handy to arenas and beautiful trails along the Grand River. This fully detached home is perfect for first time buyers and investors. Nice yard, the back yard has a patio with gazebo (gazebo curtains are stored inside) and the side yard is perfect for planting and has raised gardens. This fully detached home is perfect for a first time buyer or investor.
3 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $750 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 218 Montrose St S
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
6 spaces
Basement
Finished, Full
Features & systems
Parking & garage
Parking spaces
6
Interior
Basement
Finished · Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
218 Montrose St S Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14032062$525,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 218 Montrose St S Compares to the Cambridge Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,579
/mo
based on the purchase price of $525,000
$105,000 cash
$420,000 financed
$353,750 total interest
Principal54%$420,000
Interest46%$353,750
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Montrose Street South? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 218 Montrose St S with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 218 Montrose St S day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Cambridge
Other 2–4 bed homes for sale in Cambridge around $525K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.1%On average, homes sold at or above asking.
Active listings453Homes for sale here right now.
Median vs prior 90 days+0.7%Compared with Apr 17 – Jul 16, 2026: prices up.
Based on 487 sales from Jul 16 – Oct 14, 2026 (362 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 218 Montrose St S
How much is 218 Montrose St S listed for?
218 Montrose St S is listed at $525,000 (MLS® X14032062). Summitly updates the price as soon as the MLS® record changes.
Is $525,000 a good price for 218 Montrose St S?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Cambridge. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 218 Montrose St S changed?
No — 218 Montrose St S is still listed at its original asking price of $525,000.
How many bedrooms and bathrooms does 218 Montrose St S have?
218 Montrose St S has 3 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Cambridge.
How much would the monthly mortgage be on 218 Montrose St S?
About $2,579 a month — principal and interest on $525,000 with 20% down ($105,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 218 Montrose St S compare with other homes in Cambridge?
Its asking price of $525,000 is about 23% below the median sold price in Cambridge over the last 90 days, $680,000, across 487 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 218 Montrose St S been sold before?
Summitly has no earlier MLS® sale or lease of 218 Montrose St S on record from the last two years. Older records aren't shown under TRREB rules.
Where is 218 Montrose St S?
218 Montrose St S is in Cambridge, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 218 Montrose St S been on the market?
218 Montrose St S was listed today (October 14, 2026).
What is the price per square foot of 218 Montrose St S?
About $477 to $750 per square foot: the asking price of $525,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 218 Montrose St S have parking or a garage?
Yes — the listing gives 6 parking spaces.
Does 218 Montrose St S have a basement, and is it finished?
The listing describes the basement as: Finished, Full.
