$369,900

For sale

#246 42 TANNERY Street East, Cambridge - Single Family for Sale

#246 42 TANNERY Street East, Cambridge, Ontario, N3C2B9

2 beds2 baths1 parking1,125 ft²$586/mo condo feeListed 30 days ago

Overview

This 2-bedroom, 2-bathroom condo in Cambridge is for sale offering roughly 1,125 sq ft of space. Listed at $369,900, it is attractively priced about 26% below the $499,900 median asking price in Cambridge. It has been on the market 30 days, fresher than the Cambridge average of 57 days.

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Description

Village living in the heart of Hespeler! This thoughtfully updated two-storey home offers 1,125 sq. ft. of comfortable living space, with a bright, functional layout and a long list of recent improvements. The main level features a stylish gallery kitchen updated in 2020, an updated powder room, and open dining and living areas with excellent storage. Large windows bring in plenty of natural light, while the balcony provides a welcoming spot to enjoy the evening. Upstairs, two generously sized bedrooms offer ample closet space, along with a beautifully renovated full bathroom featuring a walk-in shower, solid-surface vanity top, and undermount sink. The home has been freshly painted throughout, creating a clean, move-in-ready feel. Notable updates include a new electrical panel (2020) and an electric heat pump installed in 2022, providing efficient heating and air conditioning throughout both levels. A covered parking space is also included. Set beside Forbes Park and within easy walking distance of Hespeler's shops, restaurants, cafes, library, community centre, farmers' market, and other local amenities. With convenient access to Hwy 401, public transit, and surrounding Cambridge, Kitchener-Waterloo, and Guelph, this is an excellent opportunity to enjoy the character of Hespeler Village with modern comfort and convenience. (id:66096)

Property Details

MLS®: 40868587
Property Type: Single Family
Zoning: C1
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,125 ft²
Storeys: 2
Style: Other
Basement: None
Heating: Heat Pump
Cooling: Wall unit
Garage: Underground, Covered
Condo Fee: $586/mo
Ownership: Condo/Strata
Property Tax

Rooms

Second level

3pc Bathroom
Laundry room: 4'6'' x 9'3''
Bedroom: 9'2'' x 13'0''
Primary Bedroom: 9'9'' x 15'0''

Main level

2pc Bathroom
Foyer: 5'8'' x 7'6''
Living room: 10'10'' x 15'7''
Dining room: 8'4'' x 9'4''
Kitchen: 8'1'' x 10'0''

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Microwave, Hood Fan, Window Coverings
Exterior: Brick, Stucco, Aluminum siding
Lot Features: Balcony

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Cambridge listings, avg age

57d

Price / ft²

$329

List price

$370K

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 has been listed for 30 days, which is 27 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX REAL ESTATE CENTRE INC., BROKERAGE · PATRICK KOZIEROWSKI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3C)

This home lists at $369,900, about 3.2× the local median household income of $114,000.

Carrying it typically needs a household income of about $72,254 (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)

$369,900· $329/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,495

Min 5%50%

Mortgage payment$1,948/mo

↳ CMHC premium ($14,056 capitalized)

Property tax (est.)$197/mo

Condo fee$586/mo

Total monthly$2,731

Cash Needed to Close

Down payment (5%)$18,495

Land transfer tax$4,024

Est. closing costs$3,610

Total cash needed$26,129

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