
241 GUELPH Avenue
Cambridge, Ontario
5 bed • 3 bath • Single Family
Welcome to a rare and versatile property offering exceptional lifestyle and income potential with front and back semi-detached bungalows under one ownership. Whether you are seeking multi-generational living, a strong real estate addition to your portfolio, or the opportunity to occupy one unit while renting the other to offset your mortgage, this property delivers outstanding flexibility. Situated on a generous 45 x 182 ft lot, this well-maintained property offers two self-contained units, each with separate entrances, separate hydro meters, and parking for up to 6 vehicles between front and rear parking areas. Soundproofing and added insulation between the units enhance privacy and comfort. The front bungalow features a spacious 3-bedroom, 1.5-bathroom layout with open-concept living, hardwood and tile flooring, and heated bathroom floors. The well-appointed kitchen offers island seating, a pantry, and excellent functionality, while a separate laundry room and ample storage add everyday convenience. The finished lower level is enhanced with engineered hardwood flooring, pot lights, and pre-wiring for surround sound. The rear bungalow offers a bright 2-bedroom layout, complete with a 4-piece bathroom featuring in-floor heating. The open-concept main level includes an updated kitchen with soft-close cabinetry and stainless steel appliances, while French doors open to an expansive covered deck and wraparound outdoor space. The lower level bedrooms offer privacy and functionality, complete with an all-in-one washer/dryer. Additional highlights include updated LED lighting throughout, smart key lock sets, tankless water heater, shed, and dual access from both the front driveway and rear city-maintained laneway. Ideally located just steps to downtown Hespeler, shopping, parks, the library, scenic walking trails, and with quick Highway 401 access for commuters, this is a rare opportunity to secure a flexible property with strong income potential in a prime location.
Price History
Property
- Lot Size
- 0.19 acres
Schools
Elementary
- St Gabriel Catholic Elementary School0.2 km
Catholic · Waterloo CDSB · 530 students
Grade 3 reading: 92% met the provincial standard · Grade 6 math: 67% met the provincial standard
- Silverheights Public School0.3 km
Public · Waterloo Region DSB · 685 students
Grade 3 reading: 75% met the provincial standard · Grade 6 math: 53% met the provincial standard
- Hillcrest Public School1.1 km
Public · Waterloo Region DSB · 370 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 46% met the provincial standard
Secondary
- Jacob Hespeler Secondary School2.4 km
Public · Waterloo Region DSB · 1070 students
Grade 10 literacy: 83% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N3C
- Population
- 27,518
- Private dwellings
- 9,657
- Median age
- 38.8
- Average household size
- 2.9
- Median household income
- $114,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,253
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,253 recorded sales of single family properties in Cambridge over the last 12 months.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Mortgage Calculator
$150,000
Estimated Monthly Payment
$3,685
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,685/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $188/mo
Estimates only. Consult a financial advisor.
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