$375,000

$380,000For salePrice drop↓ $5,000 (1%)

237 King Street West, Cambridge - Single Family for Sale

237 King Street West, Cambridge, Ontario, N3H5L2

2 beds2 baths1 parking950 ft²$800/mo condo feeListed 35 days ago

Overview

This 2-bedroom, 2-bathroom condo in Cambridge is for sale offering roughly 950 sq ft of space. Listed at $375,000, it is attractively priced about 25% below the $499,900 median asking price in Cambridge. It has been on the market 35 days, fresher than the Cambridge average of 57 days.

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Description

Welcome to Unit 402, a bright and beautifully maintained condo offering impressive views, abundant natural light and two outdoor balconies. The updated kitchen has a fresh, modern feel and flows into the spacious living area, where large windows create an inviting space to relax or entertain while taking in the scenery.The primary bedroom features a 5-piece ensuite with double sinks, while the second bedroom is conveniently located near an additional 4-piece bathroom, making it ideal for guests, a home office or flexible living space. In-suite laundry adds everyday convenience.This well-maintained building offers an excellent selection of amenities, including an indoor pool, fitness centre, party room, sewing room, hobby room and kitchenette. Complete with one parking space and a storage locker, Unit 402 offers comfortable, low-maintenance living in a convenient Cambridge location close to shopping, restaurants, trails and everyday amenities. (id:66096)

Property Details

MLS®: X13843272
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $800/mo
Fee Includes: Common Area Maintenance, Heat, Water
Ownership: Condo/Strata
Property Tax: $2,076.29/yr
Listed: 35 days ago

Rooms

Main level

Bathroom: 2.06 x 2.84 meters
Bathroom: 1.5 x 3.76 meters
Bedroom: 3.78 x 3.96 meters
Primary Bedroom: 3.45 x 5.08 meters
Dining room: 3.63 x 1.83 meters
Kitchen: 2.69 x 2.8 meters
Living room: 3.63 x 5.69 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Foundation: Concrete
Exterior: Brick
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Cambridge listings, avg age

57d

Price / ft²

$395

List price

$375K

Homes here sell faster than most markets

Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 99.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Cambridge has been listed for 35 days, which is 22 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX TWIN CITY REALTY INC. · KATHY LONG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3H)

This home lists at $375,000, about 4.6× the local median household income of $82,000.

Carrying it typically needs a household income of about $73,251 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $82,000
Population: 24,306
Median age: 40.8
Owner / renter: 62% / 38%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N3H)

$375,000· $395/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,750

Min 5%50%

Mortgage payment$1,975/mo

↳ CMHC premium ($14,250 capitalized)

Property tax (est.)$173/mo

Condo fee$800/mo

Total monthly$2,948

Cash Needed to Close

Down payment (5%)$18,750

Land transfer tax$4,100

Est. closing costs$3,625

Total cash needed$26,475

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