361 Queen St W is a 4-bedroom, 1-bathroom detached home in Cambridge, listed for $499,900. It has 1100-1500 sq ft of living space.
1Explore a real potential with this affordable 4 bedroom home nestled on a beautifully treed 0.53 Acre lot.
2Structurally sound with a generous living layout and walk-out lower level, this property offers abundant parking and a massive, serene backyard with no rear neighbors.
3Enjoy the freedom of ample outdoor space and endless potential to add custom outbuildings.
Explore a real potential with this affordable 4 bedroom home nestled on a beautifully treed 0.53 Acre lot. Whether buyers are seeking a Family Home, an Income Investment, or a Residential Development, this R4 zoning property is a great prospect for ambitious Visionaries seeing the true opportunity. Structurally sound with a generous living layout and walk-out lower level, this property offers abundant parking and a massive, serene backyard with no rear neighbors. Enjoy the freedom of ample outdoor space and endless potential to add custom outbuildings. While significant value resides in the land, this property offers incredible versatility-renovate the existing home, execute a custom remodel, or fully redevelop to capture its complete value. Looking to build for the future in a growing market? With this standout lot, Developers and Builders can unlock hidden development capacity through innovative design and tailored planning proposals to fully realize the property's potential. Buyers to satisfy themselves regarding all zoning, permitted uses, and required City permits or approvals with the City of Cambridge for any intended future use. Don't forget ... the Approved Plan for HESPELER ROAD CORRIDOR, an Innovative project designed to transform this Suburban Identity (Redevelop, Modernize, Extend the LRT to Hespeler, create New Opportunities, and more). Please note that the home and property are being sold in "WHERE IS & AS IS" condition.
4 bedrooms, 1 bathroom, about 1,100 sq ft, works out to roughly $454 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 361 Queen St W
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
6 spaces
Basement
Full, Unfinished
Features & systems
Parking & garage
Parking spaces
6
Interior
Basement
Full · Unfinished
Lot & land
Lot size (sqft)
0.53
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
361 Queen St W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14159290$499,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 361 Queen St W 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.
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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 3–4 bed homes for sale in Cambridge around $500K.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio99.7%On average, homes sold below asking.
Active listings407Homes for sale here right now.
Median vs prior 90 days+2.2%Compared with May 11 – Aug 9, 2026: prices up.
Based on 429 sales from Aug 9 – Nov 7, 2026 (405 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 361 Queen St W
How much is 361 Queen St W listed for?
361 Queen St W is listed at $499,900 (MLS® X14159290). Summitly updates the price as soon as the MLS® record changes.
Is $499,900 a good price for 361 Queen St W?
Summitly rates it Excellent Deal: the asking price is 10% or more below 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 361 Queen St W changed?
No — 361 Queen St W is still listed at its original asking price of $499,900.
How many bedrooms and bathrooms does 361 Queen St W have?
361 Queen St W has 4 bedrooms and 1 bathroom, with about 1,100–1,500 square feet of living space. It is a detached home in Cambridge.
How much would the monthly mortgage be on 361 Queen St W?
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 361 Queen St W compare with other homes in Cambridge?
Its asking price of $499,900 is about 28% below the median sold price in Cambridge over the last 90 days, $690,000, across 429 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 361 Queen St W been sold before?
Summitly has no earlier MLS® sale or lease of 361 Queen St W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 361 Queen St W?
361 Queen St W is in Cambridge, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 361 Queen St W been on the market?
1 day — 361 Queen St W was listed on November 6, 2026.
What is the price per square foot of 361 Queen St W?
About $333 to $454 per square foot: the asking price of $499,900 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 361 Queen St W have parking or a garage?
Yes — the listing gives 6 parking spaces.
Does 361 Queen St W have a basement, and is it finished?
The listing describes the basement as: Full, Unfinished.
