Real Estate for Rent in Preston Centre, Cambridge, ON
Loading homes in Preston Centre…
No listings match these filters in this area.
Try zooming out or widening your filters.
Neighbourhood in Cambridge
Preston Centre
Preston Centre is a vibrant neighbourhood in Cambridge, Ontario. It offers a mix of residential options and amenities for families and individuals.
At a glance
Listed Sep 18, 2026
Unit 22, 245 Bishop Street S
Cambridge (Preston Centre), ON N3H 5N2
Condo TownhouseFor Rent
Day to dayLivability
6
Schools near listings
out of 10 · averaged over 81 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$639,900
In Preston Centre
$639,900
In Cambridge
$699,000
In Ontario
$710,000
Median monthly rent
$2,900/mo
In Preston Centre
$2,900
In Cambridge
$2,600
In Ontario
$2,500
≈ 18.4 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
10
Median $639,900
Houses 7 · Condos 3
For rent
3
Median $2,900
Houses 2 · Condos 1
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-10-22. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Family-friendly environment
- Close to schools and parks
- Affordable compared to city median prices
- Community-oriented with various amenities
Keep in mind
- Prices are above the city median for homes
- Limited public transit options
The feel of the placeLifestyle
Residents enjoy a suburban lifestyle with access to local shops and parks. It is a quiet area, ideal for families.
Within the boundaryWhat's nearby
The boundary
5.8 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
11
Parks
16
Playgrounds
1
Grocery stores
4
Restaurants
2
Cafés
5
Gyms
1
Libraries
3
Pharmacies
Counted across all 5.8 km² of Preston Centre. From OpenStreetMap, as of 2026-10-19.
The schoolsWhich schools, and how they rate
5.9/10
Average rating of the 6 rated schools in this area
7
Elementary
1
Secondary
Preston Public School
Public · Grades JK–6 · Waterloo Region DSB
6.6/105.5 over 5 yrs1,165th of 3,045 Ontario elementary schools
315 students · EQAO 2024-2025
St Joseph Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
6.5/106.3 over 5 yrs1,231st of 3,045 Ontario elementary schools
280 students · EQAO 2024-2025
Grand View Public School
Public · Grades JK–6 · Waterloo Region DSB
6.3/106.5 over 5 yrs1,366th of 3,045 Ontario elementary schools
250 students · EQAO 2024-2025
Preston High School
Public · Grades 9–12 · Waterloo Region DSB
5.9/106.3 over 5 yrs401st of 742 Ontario secondary schools
855 students · EQAO 2024-2025
St Michael Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
5.7/105.1 over 5 yrs1,807th of 3,045 Ontario elementary schools
310 students · EQAO 2024-2025
Coronation Public School
Public · Grades JK–6 · Waterloo Region DSB
4.4/104.6 over 5 yrs2,432nd of 3,045 Ontario elementary schools
325 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Preston Centre, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
12,396
Population (2021)
4.3 km²
Area
2,854
People per km²
44.6
Median age
$75,743
Median income
55%
Own their home
2.2
People per household
5,520
Households
Every age
- Children (under 15)13.4%
- Working age (15–64)64.7%
- Seniors (65+)21.9%
What is built here
- Detached houses44%
- Semi-detached5.5%
- Townhouses10.1%
- Duplexes3.4%
- Low-rise apartments24.8%
- High-rise apartments10.1%
- Other attached homes1.4%
Own or rent
55%Owners
45%Renters
Across 5,520 households
When it was built
Mostly 1960 or earlier
- 1960 or earlier45%
- 1961–198026%
- 1981–19908%
- 1991–20009%
- 2001–20053%
- 2006–20102%
- 2011–20155%
- 2016–20212%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 15.7%
- Born outside Canada
- 13.9%
- Hold a degree or higher
- 54%
- Employment rate
- 3.3%
- Commute by transit
- 88.5%
- Commute by car
- 1.6
- Children per family
- $67,062
- Median income after tax
- $84,067
- Average household income
- 11.2%
- Living on a low income
- $1,129/mo
- Renters pay, per month
- $1,354/mo
- Owners pay, per month
- $575,267
- Median home value at census
- 34.3%
- Renters spending 30%+ of income on housing
- 16.3%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 21 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap
What homes in Preston Centre actually sell for
13 homes changed hands in Preston Centre over the 12 months to September 2026. Half sold above $644,615 and half below, 8.5% lower than the 12 months before. A typical home found its buyer in 38 days.
- Median sold price
- $645K
- -8.5% year over year
- Days to sell
- 38
- 1 day slower
- Sales closed
- 13
- last 12 months
- Per square foot
- $495
- from 13 sized sales
Three years of sold prices
The line is the median. The band is the middle half of every sale — how wide it runs tells you how much one home here differs from the next.
What buyers actually paid
$981,400
on a $1,000,000 asking price — under ask by $18,600
- Of the asking price
- 98.1%
- Sold over asking
- 30.8%
From 13 sales that closed here in the last 12 months.
Every month behind these charts — Preston Centre, sales
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 2 | Not enough sales this month to report a median | |||
| Aug 2026 | 1 | Not enough sales this month to report a median | |||
| Jul 2026 | 1 | Not enough sales this month to report a median | |||
| Jun 2026 | 2 | Not enough sales this month to report a median | |||
| May 2026 | 1 | Not enough sales this month to report a median | |||
| Mar 2026 | 3 | Not enough sales this month to report a median | |||
| Feb 2026 | 1 | Not enough sales this month to report a median | |||
| Nov 2025 | 1 | Not enough sales this month to report a median | |||
| Oct 2025 | 1 | Not enough sales this month to report a median | |||
| Aug 2025 | 2 | Not enough sales this month to report a median | |||
| Jul 2025 | 2 | Not enough sales this month to report a median | |||
| May 2025 | 1 | Not enough sales this month to report a median | |||
| Jan 2025 | 1 | Not enough sales this month to report a median | |||
| Oct 2024 | 1 | Not enough sales this month to report a median | |||
| Jul 2024 | 1 | Not enough sales this month to report a median | |||
| Jun 2024 | 1 | Not enough sales this month to report a median | |||
| Apr 2024 | 1 | Not enough sales this month to report a median | |||
| Mar 2024 | 4 | Not enough sales this month to report a median | |||
| Feb 2024 | 1 | Not enough sales this month to report a median | |||
| Jan 2024 | 1 | Not enough sales this month to report a median | |||
| Dec 2023 | 2 | Not enough sales this month to report a median | |||
| Nov 2023 | 1 | Not enough sales this month to report a median | |||
22 of these months closed fewer than 5 sales. A middle value taken over that few is not a market figure — with one sale it is simply that home's closing price — so the count is shown and the median is not. The sales themselves still count toward the 12-month figures above.
What people ask about Preston Centre
How much does a home cost in Preston Centre?
Homes in Preston Centre sold for a median of $644,615 over the 12 months to September 2026, across 13 closed sales — half sold for more and half for less. That is 8.5% lower than the 12 months before it.
How long does it take to sell a home in Preston Centre?
A home in Preston Centre took a median of 38 days on the market over the 12 months to September 2026. Homes there closed at 98.1% of the asking price on average, with 30.8% selling over asking.
Compiled by HOMEH from sales reported closed in Preston Centre on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.
A condo here is its own market
3 condo townhouses are on the market in Preston Centre right now. Too few have closed here in the last year for us to publish a median we would stand behind.