
182 KERWOOD Drive
Cambridge, Ontario
- 5 bed
- 4 bath
- Single Family
Beautifully renovated with a fully legal, city-approved second dwelling unit (2022), this exceptional 5-bedroom home offers the rare combination of modern living, income potential, and outstanding flexibility. Sun-filled living spaces are complemented by premium hardwood flooring throughout the main and upper levels, updated millwork, modern lighting, and fresh professional paint, creating a timeless interior that is both elegant and inviting. At the heart of the home, the spacious kitchen offers abundant workspace and is enhanced by a newly installed dishwasher and reverse osmosis water filtration system. The legal lower-level suite is thoughtfully designed with a full kitchen, oversized above-grade windows, a private walkout, patio, and separate pathway, making it ideal for multi-generational living, extended family, or a premium rental opportunity. Step outside to a full-width deck (2022) overlooking a private backyard providing a peaceful setting for entertaining or quiet evenings outdoors. A rare 28-foot deep double garage comfortably accommodates two full-size pickup trucks while still offering generous space for a workshop, hobbies, or additional storage. Its added depth also enhances the home's curb appeal by positioning the residence farther back from the street. Significant recent improvements include a newer roof, professionally painted exterior, and extensive concrete work across the driveway, side yard, and backyard (2022/2023). Thoughtfully updated throughout and complete with a legal second suite, this move-in-ready home offers exceptional flexibility, enduring quality, and lasting value. *Measurements as per Iguide with total exterior area above grade.
Price History
Schools
Elementary
- Our Lady of Fatima Catholic Elementary School0.4 km
Catholic · Waterloo CDSB · 375 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 53% met the provincial standard
- Woodland Park Public School0.5 km
Public · Waterloo Region DSB · 370 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 54% met the provincial standard
- Hillcrest Public School0.6 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 School2.5 km
Public · Waterloo Region DSB · 1070 students
Grade 10 literacy: 83% met the provincial standard
- St Benedict Catholic Secondary School4.6 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
- $678,000
- Homes sold
- 1,243
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,243 recorded sales of single family properties in Cambridge over the last 12 months.
Walk Score
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Location
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Mortgage Calculator
$199,980
Estimated Monthly Payment
$4,912
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
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Mortgage: $4,912/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
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