344 Queen Street
Cambridge, ON
- 3 bed
- 2 bath
- approx. 1500-2000 sqft
- Detached
Maximized Versatility & Minimized Risk is the ultimate real estate advantage, and this 0.37 ACRES property offers unprecedented flexibility - whether buyers are seeking a Family Home, an Income Investment, or a Multi-Residential Development. Discover a blend of space and style in this charming 3+ Bedroom home, located in one of Cambridge most connected node by the Hwy 401. With many Updates completed over the years, the nearly 2,000 Sq Ft finished Living space would confidently be able to make some buyers home ownership dreams come true. Versatile bright main floor with well appointed rooms showcasing a Full-size Eat-in Kitchen, Living room, 2 Offices which can be easily converted into actual Bedrooms making it a 5 Bedroom home, an additional Family room and a Spacious Bathroom designed for scalable growth and adaptability. 2nd level features 3 Bedrooms and a full Bath allowing further customization. RESIDENTIAL LIVING: Settle into a comfortable HOME featuring a functional layout & Huge Lot - ideal for long-term land-value appreciation. TURN-KEY INVESTMENT: High-exposure location well-suited for professional Offices or residential Rentals. DEVELOPMENT: A standout lot for Builders & Developers looking to construct Multi-unit Residential or higher-density housing in a high-demand, growing area. A proposed Apartment Building development of 10 stacked townhomes has received positive support from the City representatives for rezoning to permit increased density. Developers can explore additional development capacity through innovative design solutions and customized planning proposals. 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).
Listing Details
- Taxes (2026)
- $4,658
- Listed
- September 10, 2026
Price History
Listing history
Sign in to view
Property
- Style
- 1 1/2 Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Stone, Poured Concrete
- Interior
- Water Softener, Storage, In-Law Capability
- Lot Size
- 82.19 x 207 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 1
- Total Parking
- 8
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Hespeler Rd
- Zoning
- R-4
- Parcel Number
- 037660059
- Possession
- Immediate
- Occupancy
- Vacant
Included
- Inclusions
- Window Coverings
- Rental Items
- Hot Water Heater
Schools
Elementary
- Centennial (Cambridge) Public School0.4 km
Public · Waterloo Region DSB · 215 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 36% met the provincial standard
- Hespeler Public School1.5 km
Public · Waterloo Region DSB · 650 students
Grade 3 reading: 66% met the provincial standard · Grade 6 math: 45% met the provincial standard
- St Gabriel Catholic Elementary School2.1 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 School0.9 km
Public · Waterloo Region DSB · 1070 students
Grade 10 literacy: 83% met the provincial standard
- St Benedict Catholic Secondary School4 km
Catholic · Waterloo CDSB · 1955 students
Grade 10 literacy: 90% met the provincial standard
- ÉSC Père-René-de-Galinée4.7 km
French Catholic · CS catholique MonAvenir · 495 students
Grade 10 literacy: 94% 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
Residential Freehold in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,224
- Median days on market
- 20
- Sale-to-list price
- 100.5%
Based on 1,224 recorded sales of residential freehold properties in Cambridge over the last 12 months.
Rooms
2-piece on Main, 3-piece on Second
Second
- Bedroom 211'6" x 11'9"
- Bedroom 311'6" x 9'9"
- Primary Bedroom22' x 11'7"
Main
- Family Room14'7" x 11'7"
- Kitchen12'10" x 12'
- Living Room12'10" x 12'5"
- Office10'7" x 10'2"
- Office10'3" x 10'2"
Basement
- Other22'10" x 13'3"
- Utility Room17'7" x 14'3"
Listed by
PEAK REALTY LTD.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$179,000
Estimated Monthly Payment
$4,397
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
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,397/mo (20% down, 5.5%)
Taxes: $388/mo · Insurance: $224/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?