$499,900

For sale

#201 19 GUELPH Avenue, Cambridge - Single Family for Sale

#201 19 GUELPH Avenue, Cambridge, Ontario, N3C1A2

1 bed1 bath1 parking831 ft²$474/mo condo feeListed 62 days ago

Overview

This 1-bedroom, 1-bathroom condo in Cambridge is for sale offering roughly 831 sq ft of space. Its $499,900 asking price sits right in line with the $499,900 median in Cambridge.

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Description

Welcome to Riverbank Lofts, one of Cambridge’s most iconic historic conversions nestled along the scenic Speed River in the heart of downtown Hespeler. Thoughtfully transformed from the former American Standard factory, this sought-after residence blends timeless industrial character with modern living. This freshly painted one-bedroom suite features soaring ceilings, oversized windows, exposed beams, and an airy open-concept layout filled with natural light. The stylish kitchen offers granite countertops, stainless steel appliances, and a breakfast bar perfect for everyday living and entertaining. Enjoy in-suite laundry, a full bathroom, and a spacious bedroom retreat with generous closet space. Residents enjoy premium amenities including a fitness centre, lounges, bike storage, and a dog wash station, making this a truly pet-friendly community. Complete with owned parking and ideally located steps to cafés, restaurants, river trails, boutique shopping, and minutes to Highway 401, this is an exceptional opportunity to enjoy elevated riverside living in one of Hespeler’s most desirable communities. Whether you’re a first-time buyer, investor, or looking to downsize, this suite offers the perfect blend of character, comfort, and convenience. (id:66096)

Property Details

MLS®: 40860463
Property Type: Single Family
Zoning: C1RM2
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 831 ft²
Year Built: 2020
Storeys: 1
Style: Other
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Garage: Open
Condo Fee: $474/mo
Fee Includes: Landscaping, Property Management, Insurance
Ownership

Rooms

Main level

Living room: 11'10'' x 14'11''
Kitchen: 8'6'' x 12'9''
Dining room: 8'0'' x 12'7''
Bedroom: 9'8'' x 12'0''
4pc Bathroom

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

Features

Appliances: Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer, Hood Fan, Window Coverings, Microwave Built-in
Foundation: Poured Concrete
Exterior: Stone
Lot Features: Southern exposure, Conservation/green belt, Balcony

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

62d

Cambridge listings, avg age

58d

Price / ft²

$602

List price

$500K

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 is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RE/MAX TWIN CITY REALTY INC. · TONY JOHAL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3C)

This home lists at $499,900, about 4.4× the local median household income of $114,000.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $114,000
Population: 27,518
Median age: 38.8
Owner / renter: 84% / 16%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N3C)

$499,900· $602/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$347/mo

Condo fee$474/mo

Total monthly$3,453

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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