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Copyright © 2026 The Canadian Home Realty Inc.
  • Ontario
  • Cambridge
  • 54 - Preston Heights
  • 331 Preston Parkway
331-preston-parkway-cambridge-ontario-40796560
331-preston-parkway-cambridge-ontario-40796560
331-preston-parkway-cambridge-ontario-40796560
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  • Sold Sold in Mar 2026
  • Detached

331 Preston Parkway

Cambridge, 54 - Preston Heights
  • 3 Bedrooms
  • 2 Bathrooms
  • 0 Garage
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Sold Price: $ 562,500
1.32%
Listed Price: $ 570,000
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Room Details of 331 Preston Parkway, Cambridge

FloorBedroomsBathrooms
Basement * 1
Second 3 1

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Key Facts About 331 Preston Parkway, Cambridge

  • Tax $2,877 / 2025
  • Property Type Residential
  • Building Type Single Family Residence
  • Building Style Two Story
  • Property Attached Detached
  • Building Age 1974
  • Size 1147 feet²
  • Lot Size 26.92 x 86.15 feet
  • Parking 0 garage, 2 parking
  • Basement Full, Partially Finished
  • Listing # 40796560
  • Data Source ITSO
  • Days on Market 63
  • Listed On 08/01/2026
  • Updated On 30/04/2026
  • Market Demand
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Description

Welcome to 331 Preston Parkway — a beautifully updated detached home in the heart of Cambridge where modern style meets true peace of mind. Thoughtfully upgraded over the past year, this home offers buyers the rare opportunity to move in knowing the major work has already been done. Step inside to a bright, fresh interior featuring BRAND-NEW VINYL PLANK FLOORING, crisp neutral paint throughout, upgraded baseboards, and a refreshed kitchen with newly painted cabinetry that blends charm with everyday functionality. The inviting living room is th

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Property Details of 331 Preston Parkway, Cambridge

Property

  • Property Type Detached, Detached
  • Style Two Story
  • Fronting On East
  • Community 54 - Preston Heights
  • Municipality Cambridge

Inside

  • Bedrooms 3
  • Bathrooms 2
  • Basement Full, Partially Finished
  • Kitchen 1
  • Rooms 9
  • Fireplace Y
  • Appliances Water Softener, Dishwasher, Dryer, Refrigerator, Stove, Wash...View More
  • Appliances Included Dishwasher,Dryer,Refrigerator,Stove,Washer,Other,Negotiable

Utilities

  • Water Municipal
  • Cooling Central Air
  • Heating Type Fireplace-Gas, Forced Air, Natural Gas

Building

  • Size 1147 feet²
  • Architecture Style Two Story
  • Exterior Feature Backs on Greenbelt
  • Roof Asphalt Shing
  • Construction Board & Batten Siding, Brick
  • Foundation Type Poured Concrete
  • Building Age 1974

Parking

  • Drive Way Carport Parking, Private Drive Single Wide
  • Garage Type Asphalt
  • Garage 0
  • Parking Places 2
  • Total Parking Places 2

Land

  • Frontage 26.92
  • Depth 86.15
  • Zoning RS1
  • Lot Size 26.92 x 86.15 feet
  • Lot Size Code Square Feet
  • Acreage < 0.5
  • Cross Street Parkview Cres

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Our Estimate

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Estimated Rent

$ 2,713

Rental Yield

5.09%

School Score

7/10

Rental Score

4.5/5

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Rooms

Bathroom
Level: Basement
Laundry
Level: Basement
Dining Room (2.82X3.53 metre)
Level: Main
Bathroom (1.65X2.51 metre)
Level: Second
Kitchen (3.53X2.67 metre)
Level: Main
Bedroom (3.02X4.06 metre)
Level: Second
Bedroom (2.87X3.1 metre)
Level: Second
Bedroom Primary (3.02X4.22 metre)
Level: Second
Living Room (5.49X4.29 metre)
Level: Main

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Expense Breakdown

Monthly Mortgage Payment

$0/monthly

30 Year , 3.99% interest

Cash Expenditure for Home Purchase

$1,000

  • Downpayment
    $0
  • PST on Mortgage Insurance
    $0
  • Land Transfer Tax
    $0
  • Lawyer Fees
    $1,000
  • Title Insurance
    $0

Monthly Expenses After Home Purchase

$569

  • Mortgage Payment
    $0
  • Property Insurance
    $50
  • Property Tax
    $250
  • Phone
    $40
  • Monthly debt payments
    $0
  • Cable
    $60
  • Utilities
    $124
  • Internet
    $45
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Data is provided courtesy of ITSO © 2021 ITSO ( https://www.itsosystems.ca ) The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information deemed reliable but not guaranteed.

Copyright:© The Canadian Home Realty Inc. All rights reserved. The Canadian Home Realty Inc is a registered real estate brokerage.

About 331 Preston Parkway, Cambridge

Welcome to the exceptional **house for sale in Cambridge ** located at 331 Preston Parkway, Cambridge. This beautifully updated detached home is nestled in the heart of the vibrant community of 54 - Preston Heights, offering a perfect blend of modern style and tranquillity. With its thoughtful upgrades completed over the past year, this property presents a rare opportunity for buyers to move in with the assurance that significant renovations have already been undertaken.

As you enter the **house for sale in Cambridge**, you are greeted by a bright and inviting interior. The newly installed vinyl plank flooring enhances the fresh aesthetic, while the crisp neutral paint throughout creates a warm and welcoming atmosphere. The upgraded baseboards add a touch of elegance, and the refreshed main kitchen, featuring newly painted cabinetry, combines charm with everyday functionality, making it an ideal space for culinary enthusiasts.

The living room, a key feature of this **house for sale in Cambridge**, is designed for relaxation and comfort. It boasts a cosy gas fireplace, perfect for those chilly evenings, and is complemented by the convenience of a smart thermostat, which ensures modern living is at your fingertips. This space is not just about aesthetics; it is a sanctuary where you can unwind after a long day.

What truly distinguishes this property are the significant mechanical upgrades that have been meticulously executed. The **house for sale in Cambridge** features a brand-new furnace and air conditioning unit, along with newly installed ductwork and an upgraded electrical panel. These essential improvements not only enhance the home's efficiency but also provide long-term comfort and peace of mind that many other homes in the area may lack.

The outdoor space of 331 Preston Parkway, Cambridge, is equally impressive. The fully fenced backyard is a private oasis, featuring a stone-paved patio that is perfect for summer barbecues, morning coffee, or simply enjoying quiet evenings in your own outdoor retreat. This area is designed for both relaxation and entertainment, making it a valuable extension of your living space.

In terms of practicality, this **house for sale in Cambridge** does not disappoint. With three well-appointed bedrooms and two bathrooms, it is ideal for families or those looking for extra space. The full, partially finished basement offers additional potential for expansion or storage, while the property is equipped with essential features such as a water softener, dishwasher, dryer, refrigerator, stove, and washer. However, it is worth noting that there is no central vacuum system, and the house is unfurnished, allowing you to personalise the space to your taste.

The location of 331 Preston Parkway, Cambridge, is another significant advantage. Positioned for convenience, this home provides quick access to Highway 401 and is just minutes away from Costco, various shopping options, restaurants, and everyday amenities. The community of 54 - Preston Heights offers a welcoming atmosphere, making it an ideal place to settle down.

In summary, the **house for sale in Cambridge** at 331 Preston Parkway is a remarkable opportunity for those seeking a move-in-ready home that combines modern finishes with essential upgrades. With its prime location, significant mechanical enhancements, and charming outdoor space, this property is designed for easy living today and for many years to come. Don’t miss out on the chance to make this stunning house your new home!

Preston Heights, located within the vibrant city of Cambridge, is a charming residential area that seamlessly blends suburban tranquillity with urban convenience. This picturesque neighbourhood is characterised by its tree-lined streets, well-maintained parks, and a mix of modern homes and traditional architecture, creating a welcoming atmosphere for families and professionals alike. With easy access to local amenities, including shops, schools, and recreational facilities, residents can enjoy a balanced lifestyle. The proximity to Cambridge's bustling city centre and excellent transport links further enhances its appeal, making Preston Heights an ideal choice for those seeking a peaceful yet connected place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to various age groups and language preferences. The closest option is Parkway Public School, just 0.1 km away, offering elementary education (JK to 6) with a solid school rating of 5.8. For older elementary students (grades 7 to 8), William G. Davis Public School is located 2.8 km from the property, although it has a lower rating of 2.3. Preston High School, a secondary institution for grades 9 to 12, is only 1.1 km away and boasts a respectable rating of 6. This school is a great option for families with teenagers. Additionally, Ryerson Public School, 3.5 km away, provides French-language instruction for grades 1 to 6 and has a rating of 6.3. St. Joseph Catholic Elementary School, located 1.3 km away, offers a Catholic education for grades JK to 8 and has a commendable rating of 6.7. Lastly, Doon Public School, which is 3.6 km away, serves grades 7 to 8 but unfortunately has a rating of 0. Overall, the area offers a diverse range of educational choices, making it a suitable location for families.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 749 residents and an average household size of 2.8. The average age of residents is 36.3 years, suggesting a relatively young population. The average household income stands at $98,000, with only 7.4% of the population classified as low-income, indicating a generally prosperous community. The average property price in the area is $488,000. Socially, the community is diverse, with 24.31% of residents being immigrants and 47.9% identifying as single. Nearly half of the households, 47.5%, have children, highlighting a family-oriented environment. Additionally, 29.09% of residents are renters, while there are no condominiums available, suggesting a predominance of single-family homes. Educationally, the area boasts a high level of attainment, with 55.28% of residents holding a college or university degree. However, a notable 30.08% of the population is not in the labor force, which may indicate opportunities for economic development. Overall, this community presents a blend of youthful energy, educational attainment, and family-oriented living, making it an appealing area for potential homebuyers.

FAQs About 331 Preston Parkway, Cambridge

How many bathrooms does this property have?

This property features 2 bathroom(s) and 3 bedroom(s).

Does this 3 bedroom property have additional bedrooms or a den?

This Detached property does not have an additional bedroom or a den.

What is the square footage (sqft) of this Detached property?

The total square footage of this Detached 3 bed property in Cambridge is 1147.

How many parking spaces are available with this property?

331 Preston Parkway boasts 2 convenient parking spaces.

How many cars can be parked in the garage of 331 Preston Parkway?

This property does not feature a garage.

What type of garage does this property have?

This property includes an Asphalt garage with space for 0 cars.

Does this property have a basement?

Yes, this property has a basement.

What type of basement is it?

This property features Full, Partially Finished basement.

Does this property have a swimming pool?

It is not specified whether this property has a swimming pool.

Does this property have a fireplace?

A fireplace is available in this property.

How many kitchens does this property have?

This property includes 1 kitchen(s).

Is there a maintenance fee associated with this property?

Information about the maintenance fee is not available.

Is this property furnished?

Information about whether this property is furnished is not available.

What type of heating system is in place?

The heating system in place is a Fireplace-Gas, Forced Air, Natural Gas.

What utilities are available for this property?

Information about utilities is not available.

School Rating for 331 Preston Parkway, Cambridge

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