Welcome to 242 Chestnut Street South, located in the established neighbourhood! This charming brick bungalow offers comfortable, convenient living with 2 bedrooms and 1 full bathroom. The home features a functional layout, a kitchen with white cabinetry, main floor laundry and carpet free throughout. Outside, enjoy the added convenience of a covered carport, private driveway, and a yard with space to relax and enjoy the outdoors. Situated in a mature residential neighbourhood, this property offers the charm of an established community with the convenience of nearby amenities. Enjoy easy access to schools, parks, shopping, restaurants, public transit, and the shops and services of downtown. With Highway 401 and other major routes within convenient reach, commuting throughout Cambridge, Kitchener-Waterloo, and the surrounding areas is easy. Whether you're a first-time buyer, downsizer, or simply looking for the convenience of bungalow living, this property offers a wonderful opportunity to call home!
2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $714 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 242 Chestnut 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
2 spacesYes garage
Basement
Crawl Space
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
Crawl Space
Lot & land
Lot size (sqft)
0.1
Listing & possession
Property style
Bungalow
Property class
Detached
242 Chestnut 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® X14080988$499,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 242 Chestnut 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
$2,456
/mo
based on the purchase price of $499,900
$99,980 cash
$399,920 financed
$336,838 total interest
Principal54%$399,920
Interest46%$336,838
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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
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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 2–3 bed homes for sale in Cambridge around $500K.
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 listings466Homes for sale here right now.
Median vs prior 90 days+0.7%Compared with Apr 18 – Jul 17, 2026: prices up.
Based on 475 sales from Jul 17 – Oct 15, 2026 (365 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 242 Chestnut St S
How much is 242 Chestnut St S listed for?
242 Chestnut St S is listed at $499,900 (MLS® X14080988). Summitly updates the price as soon as the MLS® record changes.
Is $499,900 a good price for 242 Chestnut 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 242 Chestnut St S changed?
No — 242 Chestnut St S is still listed at its original asking price of $499,900.
How many bedrooms and bathrooms does 242 Chestnut St S have?
242 Chestnut St S has 2 bedrooms and 1 bathroom, 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 242 Chestnut St S?
About $2,456 a month — principal and interest on $499,900 with 20% down ($99,980), 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 242 Chestnut St S compare with other homes in Cambridge?
Its asking price of $499,900 is about 26% below the median sold price in Cambridge over the last 90 days, $680,000, across 475 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 242 Chestnut St S been sold before?
Summitly has no earlier MLS® sale or lease of 242 Chestnut St S on record from the last two years. Older records aren't shown under TRREB rules.
Where is 242 Chestnut St S?
242 Chestnut St S is in Cambridge, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 242 Chestnut St S been on the market?
242 Chestnut St S was listed today (October 15, 2026).
What is the price per square foot of 242 Chestnut St S?
About $454 to $714 per square foot: the asking price of $499,900 over the 700–1,100 sq ft the listing gives as its size range.
Does 242 Chestnut St S have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
Does 242 Chestnut St S have a basement, and is it finished?
The listing describes the basement as: Crawl Space.
