$359,000

For sale

#203 85 SPRUCE Street North, Cambridge - Single Family for Sale

#203 85 SPRUCE Street North, Cambridge, Ontario, N1R4K4

2 beds2 baths1 parking947 ft²$819/mo condo feeListed 132 days ago

Overview

This 2-bedroom, 2-bathroom condo in Cambridge is for sale offering roughly 947 sq ft of space. Listed at $359,000, it is attractively priced about 28% below the $499,900 median asking price in Cambridge.

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Description

Welcome to Spruce Street Lofts, where industrial heritage meets modern style in the heart of East Galt. This spacious 947 square foot loft blends original character, and boasts a two bedroom, two bathroom set up, with loft vibes accentuated by exposed brick, soaring ceilings, and oversized windows, the contemporary finishes for a truly one- of-a-kind living experience. Steps from the Grand River, the Gaslight District, cafés, shops, trails, and parks, this location offers both urban walkability and natural beauty.Residents enjoy secure entry, a fitness centre, party room, parking, and storage. With its generous floorplan, unique charm, and unbeatable location, this unit is perfect for professionals, downsizers, or investors looking for something special in Cambridge.Historic charm meets Modern comfort, with Downtown convenience. Welcome home to 203- 85 Spruce Street! (id:66096)

Property Details

MLS®: 40842954
Property Type: Single Family
Zoning: RM3
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 947 ft²
Year Built: 2009
Storeys: 1
Style: Other
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage
Condo Fee: $819/mo
Fee Includes: Common Area Maintenance, Landscaping, Property Management, Insurance, Parking

Rooms

Main level

Utility room: 5'4'' x 6'11''
4pc Bathroom: 5'4'' x 8'3''
3pc Bathroom: 5'4'' x 8'3''
Laundry room: 3'11'' x 3'2''
Bedroom: 15'5'' x 12'11''
Bedroom: 11'6'' x 13'0''
Living room: 11'10'' x 16'7''
Kitchen: 9'2'' x 16'7''

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, Window Coverings, Microwave Built-in
Exterior: Brick, Metal
Lot Features: Southern exposure, Conservation/green belt, Balcony, Paved driveway, Automatic Garage Door Opener

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

132d

Cambridge listings, avg age

57d

Price / ft²

$379

List price

$359K

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 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 Michael St. Jean Realty Inc. · Michael St. Jean

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1R)

This home lists at $359,000, about 4.7× the local median household income of $77,000.

Carrying it typically needs a household income of about $70,125 (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)

$359,000· $379/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,950

Min 5%50%

Mortgage payment$1,891/mo

↳ CMHC premium ($13,642 capitalized)

Property tax (est.)$257/mo

Condo fee$819/mo

Total monthly$2,966

Cash Needed to Close

Down payment (5%)$17,950

Land transfer tax$3,860

Est. closing costs$3,577

Total cash needed$25,387

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