Beautiful freehold townhouse in the sought-after Hespeler neighbourhood-welcome to 78 Michigan Avenue! This well-maintained home features 3 bedrooms and 2.5 bathrooms, with a bright,open-concept main floor offering a separate dining area, spacious kitchen and living room, and sliding doors leading to a fully fenced backyard. Upstairs, the spacious primary bedroomfeatures a walk-in closet and private ensuite, complemented by two additional generously sized bedrooms. The finished basement with rec room provides valuable extra living space, perfect for a family room, home office or entertainment area.Conveniently located near schools, parks, trails, shopping and everyday amenities, with easy access to Hespeler Road, Highway 401 and Highway 8. The Region of Waterloo International Airport is also within a short drive. Enjoy nearby Michigan Avenue Park and outdoor recreation around the Speed River and Mill Pond Park. A move-in-ready home offering space, comfort andconvenience in a desirable Hespeler location.
3 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $623 per square foot. Chat with Zara if you'd like a deeper read on whether this townhouse fits your budget and timing.
Inside 78 Michigan Ave
Every detail from the listing, in one place.
Type
Townhouse
Style
2-Storey
Living space
1100-1500 sq ftas stated on the listing
Lot size
23.00 x 82.02 Feet
Parking
2 spacesYes garage
Basement
Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
Finished
Lot & land
Lot dimensions
23.00 x 82.02 Feet
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Att/Row/Townhouse
78 Michigan Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14111980$685,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 78 Michigan Ave 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
$3,365
/mo
based on the purchase price of $685,000
$137,000 cash
$548,000 financed
$461,560 total interest
Principal54%$548,000
Interest46%$461,560
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-bed homes for sale in Cambridge around $685K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.0%On average, homes sold at or above asking.
Active listings446Homes for sale here right now.
Median vs prior 90 days+1.5%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 454 sales from Jul 25 – Oct 23, 2026 (374 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 78 Michigan Ave
How much is 78 Michigan Ave listed for?
78 Michigan Ave is listed at $685,000 (MLS® X14111980). Summitly updates the price as soon as the MLS® record changes.
Is $685,000 a good price for 78 Michigan Ave?
Summitly rates it Above Market: the asking price is 5% to 15% 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 78 Michigan Ave changed?
No — 78 Michigan Ave is still listed at its original asking price of $685,000.
How many bedrooms and bathrooms does 78 Michigan Ave have?
78 Michigan Ave has 3 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a townhouse in Cambridge.
How much would the monthly mortgage be on 78 Michigan Ave?
About $3,365 a month — principal and interest on $685,000 with 20% down ($137,000), 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 78 Michigan Ave compare with other homes in Cambridge?
Its asking price of $685,000 is about the same as the median sold price in Cambridge over the last 90 days, $685,000, across 454 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 78 Michigan Ave been sold before?
Summitly has no earlier MLS® sale or lease of 78 Michigan Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 78 Michigan Ave?
78 Michigan Ave is in Cambridge, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 78 Michigan Ave been on the market?
78 Michigan Ave was listed today (October 23, 2026).
What is the price per square foot of 78 Michigan Ave?
About $457 to $623 per square foot: the asking price of $685,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 78 Michigan Ave have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
Does 78 Michigan Ave have a basement, and is it finished?
