Cambridge Ontario Real Estate

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Cambridge, Ontario

The City of Cambridge is a growing mid-sized city in southwestern Ontario. Cambridge, Ontario was created in 1973 when the settlements of Galt, Preston, Hespeler and Blair amalgamated to form the city. Cambridge has a total population of 129,920 people, representing 24% of the Regional Municipality of Waterloo’s 535,154 total. Cambridge is located along the 401, north of Brantford and northwest of Hamilton. Together with the nearby cities of Kitchener and Waterloo, Cambridge forms what is sometimes known as the Tri-Cities. The Grand River and Speed River both flow through Cambridge, meeting on the west end of the city.

Cambridge, Ontario Real Estate

Due to its proximity to the GTHA, Cambridge is among some of the fastest growing cities in southwestern Ontario. Between the other Tri-City markets in Kitchener and Waterloo, Cambridge ranks as the most affordable.

By the end of 2019, the average price for a condo or townhouse was about $400,000 while the average sale price for a single-family property was about $550,000. Cambridge’s real estate market is growing: new listings, sales and prices are all increasingly annually. So far in 2020, the year-to-date average for a property in Cambridge is about $575,000. The average is increasing following a record-breaking summer of sales.

Listings across the city range from condominiums and older, semi-detached houses in the high $200,000s to multi-million dollar estates with substantial acreage.  

Cambridge, Ontario Features

Festivals and Events:

• Cambridge Farmers’ Market (Saturdays)
• Christmas in Cambridge
• Cambridge Celebration of the Arts
• Cambridge Scottish Festival

Area Highlights and Attractions:

• Shade’s Mills Park
• Mill Race Park
• Riverside Park
• Hespeler Mill Pond
• Dumfries Conservation Area
• Chilligo Conservation Area
• Valens Conservation Area
• Cambridge Butterfly Conservatory
• Chicopee Ski & Summer Resort
• Fashion History Museum
• McDougall Cottage Historic Site
• Views of the Grand River and Speed River
• Easy Access to the 401

Living in Cambridge, Ontario

Cambridge is the southernmost city of the Tri-City region. Kitchener and Waterloo are about 30 minutes away from Cambridge. The city’s location along the 401 connects Cambridge with Milton and Mississauga. The Toronto Pearson International Airport is just under an hour away from Cambridge.

Education opportunities in Cambridge are important for families with students of all ages. The two largest public school boards in Cambridge are the Waterloo Region District School Board and the Waterloo Catholic District School Board. Between the pair, there are over 25 elementary schools and seven high schools in the city. As for post-secondary programs, Cambridge is close to the University of Guelph, Wilfrid Laurier University and the University of Waterloo. The University of Waterloo School of Architecture campus and a Conestoga College campus are located in Cambridge.

After its formation in the 1970s, the new City of Cambridge had three commercial cores from the amalgamated communities of Galt, Preston and Hespeler. Those three historic communities - as well as the Village of Blair - also provide the newer city with distinct, rich heritages. 

Living in Cambridge, Ontario means that the best attractions of the Waterloo Region are always nearby. One well-known local attraction is the popular Cambridge Butterfly Conservatory - a chance to see exotic insects and plants in-person. Chicopee Ski & Summer Resort, which is located between Kitchener and Cambridge, is an all-season recreation destination with tubing, skiing and snowboarding in the winter and disc golf, bike trails, tennis and beach volleyball in the spring and summer.

Cambridge, Ontario is a great option for home-buyers looking for a growing city with a great location. Whether you are moving to Cambridge with a family, as a student or as a young professional, there are fantastic opportunities for any kind of buyer!

Gearing up to buy or sell a home soon in Cambridge? Call Team Forster at 519 851 2844. Your neighborhood Cambridge realty team is here to help navigate the Cambridge real estate market.

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