$299,999

For saleJust listed

#105 4 ALBERT Street, Cambridge - Single Family for Sale

#105 4 ALBERT Street, Cambridge, Ontario, N1R3M4

1 bed1 bath1 parking1,004 ft²$522/mo condo feeListed Today

Overview

This 1-bedroom, 1-bathroom condo in Cambridge is for sale offering roughly 1,004 sq ft of space. Listed at $299,999, it is attractively priced about 40% below the $499,900 median asking price in Cambridge. It has been on the market 0 days, fresher than the Cambridge average of 57 days.

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Description

With over a thousand square feet of living space, this one-bedroom condo is a rare find in today’s market. Located in a quiet, established neighbourhood close to parks and public transit, unit 105 is only minutes away from historic downtown Galt and the Gaslight District. Brand new laminate flooring and freshly painted walls greet you as you enter the open-concept kitchen, dining and living area. The two-hundred square foot bedroom with private bathroom access adds to the feeling of spaciousness and comfort. 4 Albert Street is a well-kept, 3 story, secure building with only 18 individual units, resulting in a relaxed, quiet living experience. The reasonable monthly condo fee of $522 includes water, one parking spot, landscaping and general upkeep. Unit 105 offers in-suite laundry, central air-conditioning and includes all major appliances. A one-bedroom condo of this size and location is an excellent opportunity for that first-time buyer, downsizer or anyone looking for a spacious, low-maintenance home close to the heart of downtown Cambridge. (id:66096)

Property Details

MLS®: 40876831
Property Type: Single Family
Zoning: RM4
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 1,004 ft²
Storeys: 1
Style: Other
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Garage: Visitor Parking
Condo Fee: $522/mo
Fee Includes: Common Area Maintenance, Landscaping, Water, Insurance
Ownership: Condo/Strata
Property Tax

Rooms

Main level

Laundry room: 7'6'' x 10''
4pc Bathroom: 7'6'' x 10'10''
Primary Bedroom: 11'10'' x 17'9''
Kitchen: 9'10'' x 10'10''
Dining room: 7'10'' x 11'2''
Living room: 12'10'' x 17'9''

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
Exterior: Brick

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Cambridge listings, avg age

57d

Price / ft²

$299

List price

$300K

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 1-bed single family in Cambridge has been listed for 0 days, which is 57 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RED AND WHITE REALTY INC. · MICHAEL NAPIER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1R)

This home lists at $299,999, about 3.9× the local median household income of $77,000.

Carrying it typically needs a household income of about $58,600 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $77,000
Population: 42,928
Median age: 40.8
Owner / renter: 59% / 41%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N1R)

$299,999· $299/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,999.95

Min 5%50%

Mortgage payment$1,580/mo

↳ CMHC premium ($11,400 capitalized)

Property tax (est.)$156/mo

Condo fee$522/mo

Total monthly$2,258

Cash Needed to Close

Down payment (5%)$15,000

Land transfer tax$2,975

Est. closing costs$3,400

Total cash needed$21,375

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