$525,000

For sale

#106 24 Cedar Street, Cambridge - Single Family for Sale

#106 24 Cedar Street, Cambridge, Ontario, N1S0B2

1 bed2 baths1 parking950 ft²$544/mo condo feeListed 51 days ago

Overview

This 1-bedroom, 2-bathroom condo in Cambridge is for sale offering roughly 950 sq ft of space. It has been on the market 51 days, fresher than the Cambridge average of 58 days.

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Description

Welcome to Blacksmith Lofts, where character, space and an incredible Downtown Galt location come together! This spacious 1-bedroom plus den, 1.5-bathroom condo offers nearly 1,000 sq. ft. of living space and impressive 13-foot ceilings that create an open, airy feel from the moment you walk in.The thoughtfully designed layout offers plenty of room to live, work and entertain. The versatile den provides the perfect space for a home office, guest area or additional sitting room, while fantastic storage throughout the unit-including unique elevated storage spaces with custom ladders for easy access-makes excellent use of the soaring ceiling height.One parking space is included, and residents also enjoy access to the building's rooftop patio, offering another great space to relax and enjoy the outdoors.Best of all, you're just steps from the Gaslight District and the heart of Downtown Galt, with restaurants, cafes, shops, trails, entertainment and the Grand River all close by.Whether you're a first-time buyer, downsizer or simply looking for something with more character than the average condo, this unique loft-style home offers an incredible combination of space, personality, storage and a walkable downtown lifestyle. (id:66096)

Property Details

MLS®: X13783864
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $544/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,672.64/yr
Listed: 51 days ago

Rooms

Main level

Kitchen: 2.87 x 2.59 meters
Living room: 5 x 5.11 meters
Primary Bedroom: 2.92 x 4.9 meters
Den: 2.87 x 2.82 meters
Laundry room: 2.87 x 2.11 meters
Bathroom: 1.63 x 1.22 meters
Bathroom: 2.74 x 1.45 meters

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

Features

Appliances: Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Exterior: Brick
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

51d

Cambridge listings, avg age

58d

Price / ft²

$553

List price

$525K

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 51 days, which is 7 days fresher than the city average of 58. Act while there is still low competition.

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Listed by Red And White Realty Inc · ELYSE BOUWMEESTER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1S)

This home lists at $525,000, about 5.5× the local median household income of $95,000.

Carrying it typically needs a household income of about $102,551 (20% down, 25-yr amortization, stress-tested) — roughly 8% above the area median.

Median household income: $95,000
Population: 20,171
Median age: 42.8
Owner / renter: 71% / 29%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N1S)

$525,000· $553/ft²

For sale

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Full Cost Breakdown

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Down Payment5.24% · $27,500

Min 5.24%50%

Mortgage payment$2,758/mo

↳ CMHC premium ($19,900 capitalized)

Property tax (est.)$389/mo

Condo fee$544/mo

Total monthly$3,692

Cash Needed to Close

Down payment (5.24%)$27,500

Land transfer tax$6,975

Est. closing costs$4,075

Total cash needed$38,550

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