Listed for:Listed 1 day ago
$499,900

242 Chestnut Street S

Cambridge (Preston South), ON N3H 2J7

Detached House For Sale
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 242 Chestnut Street S, Cambridge, Preston South

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 242 Chestnut Street S, Cambridge, Preston South

Summarized Description

  • Charming brick bungalow with 2 bedrooms and 1 bathroom.
  • Functional layout with carpet-free living.
  • Convenient covered carport and private driveway.
  • Located in a mature residential neighbourhood.
  • Easy access to schools, parks, and shopping.
  • Ideal for first-time buyers or downsizers.
  • Close to public transit and major highways.

Welcome to 242 Chestnut Street South, located in the established neighbourhood! This charming brick bungalow offers comfortable, convenient living with 2 bedrooms and 1 full bathroom. The home features a functional layout, a kitchen with white cabinetry, main floor laundry and carpet free throughout. Outside, enjoy the added convenience of a covered carport, private driveway, and a yard with space to relax and enjoy the outdoors. Situated in a mature residential neighbourhood, this property offers the charm of an established community with the convenience of nearby amenities. Enjoy easy access to schools, parks, shopping, restaurants, public transit, and the shops and services of downtown. With Highway 401 and other major routes within convenient reach, commuting throughout Cambridge, Kitchener-Waterloo, and the surrounding areas is easy. Whether you're a first-time buyer, downsizer, or simply looking for the convenience of bungalow living, this property offers a wonderful opportunity to call home!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$2,913
Land Transfer Tax Fee
$6,473

Rental Items

Rental Equipment
Hot Water Tank
Under Contract
Hot Water Heater

Basement Type
Crawl Space

Interior Features

Laundry Level
Main Level
Interior Extras
Water Heater
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None
Property Features
School, Public Transit

Building

Building Type
Detached
Building Style
Bungalow
Approx Age
51-99

Construction

Exterior Finish
Brick
Roof
Asphalt Shingle
Foundation Details
Poured Concrete
Special Designation
Unknown

Lot

Lot Front
75.00 ft
Lot Depth
60.00 ft
Lot Size
0.1

Inclusions

Inclusions
Stove, Washer & Dryer

Parking & Garages

Garage Type
Carport
Garage Spaces
1
Parking Spaces
1
Total Garage And Parking Spaces
2

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer

Bedrooms
2
Washrooms
1
Kitchens
1

Room sizes

  • Primary Bedroom—
    Main level
  • Kitchen—
    Main level
  • Living Room—
    Main level
  • Laundry—
    Main level
  • Bedroom—
    Main level

Washrooms

  • 4-piece, Main

Municipality
Cambridge
Neighbourhood
Preston South
Main cross streets
Hamilton Street/Chestnut Street
Zoning
R4
Directions
Hamilton Street/Chestnut Street

MLS® number
X14080988
Data source
Toronto Regional Real Estate Board
Listed on
2026-10-15
Updated on
2026-10-15
Days on market
1 day
Possession type
Flexible
Co-op commission
2% + HST
Seller
Listed by
RE/MAX REAL ESTATE CENTRE INC.

Home Market Value

Current home valuation for 242 Chestnut Street S, Cambridge, Preston South, Cambridge, ON. Listed for $499,900

HOMEH Estimate

?

$411,250

Estimated Sales Range

?

$371,250 - $501,940

HOMEH Estimate for 242 Chestnut Street S, Cambridge, Preston South

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$411,250Low confidence
Based on 5 comparable properties
+ $88,650 (22%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Cambridge, ON
Minimum Down Payment Required:5.0%

5% of purchase price for homes $500K or less

Minimum down payment

$24,995

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$18,996$13,947$11,898$0
=Total mortgage
$493,901$463,857$436,813$399,920
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$2,411monthly$2,265monthly$2,133monthly$1,953monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$6,473

Total Land Transfer Tax

$6,473

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