$499,900

For sale

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

#201 19 GUELPH Avenue, Cambridge, Ontario, N3C1A2

1 bed1 bath1 parking850 ft²$474/mo condo feeListed 57 days ago

Overview

This 1-bedroom, 1-bathroom condo in Cambridge is for sale offering roughly 850 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®: X13757144
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Other
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $474/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $4,158/yr
Listed: 57 days ago

Features

Appliances: Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Window Coverings, Water Heater
Exterior: Stone
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Cambridge listings, avg age

58d

Price / ft²

$588

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 has been listed for 57 days, which is 1 days fresher than the city average of 58. Act while there is still low competition.

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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· $588/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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