197 QUEEN Street
Cambridge, Ontario
2 bed • 2 bath • Single Family
Rare opportunity to own a piece of Hespeler history. This solid two-storey stone home — painted and well-presented from the street — backs directly onto the Mill Pond, offering a private, mature backyard setting with no rear neighbours and serene waterfront views. Located steps from downtown Hespeler's shops, cafes, parks, and trails, with easy access to Highway 401. The home features 2 bedrooms and 2 bathrooms across 1,536 square feet of above-grade living space, with a separate entrance to the lower level offering additional flexibility. The property is being sold in as-is condition and presents an excellent opportunity for renovators, investors, or buyers looking to add significant value in one of Cambridge's most sought-after neighbourhoods. Properties backing onto the Mill Pond rarely come available. Priced to reflect condition. Book your showing today.
Price History
Schools
Elementary
- Hillcrest Public School0.3 km
Public · Waterloo Region DSB · 370 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 46% met the provincial standard
- Our Lady of Fatima Catholic Elementary School0.6 km
Catholic · Waterloo CDSB · 375 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 53% met the provincial standard
- St Gabriel Catholic Elementary School0.9 km
Catholic · Waterloo CDSB · 530 students
Grade 3 reading: 92% met the provincial standard · Grade 6 math: 67% met the provincial standard
Secondary
- Jacob Hespeler Secondary School2.2 km
Public · Waterloo Region DSB · 1070 students
Grade 10 literacy: 83% met the provincial standard
- St Benedict Catholic Secondary School4.9 km
Catholic · Waterloo CDSB · 1955 students
Grade 10 literacy: 90% 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
- $678,700
- Homes sold
- 1,247
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,247 recorded sales of single family properties in Cambridge over the last 12 months.
Location
Mortgage Calculator
$99,980
Estimated Monthly Payment
$2,456
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,456/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $125/mo
Estimates only. Consult a financial advisor.
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