$314,900

$325,000For salePrice drop↓ $10,100 (3%)

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#263 40 East TANNERY Street East, Cambridge - Single Family for Sale

#263 40 East TANNERY Street East, Cambridge, Ontario, N3C2B9

2 beds2 baths parking

103 Blackbird Circle, Cambridge, Ontario, N3C0A9

3 bd3 ba2 pk1,750 ft²+$126/mo

Listed by KINGSWAY REAL ESTATE

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For saleJust listed

Today

$380K

#601 170 Water Street North, Cambridge, Ontario, N1R3B6

2 bd1 ba1 pk850 ft²+$778/mo

Listed by RE/MAX REAL ESTATE CENTRE INC.

For saleJust listed

Today

$380K

#601 170 WATER Street North, Cambridge, Ontario, N1R3B6

2 bd1 ba1 pk842 ft²+$778/mo

Listed by Re/Max Real Estate Centre Inc.

#210 408 Dundas Street South, Cambridge, Ontario, N1R8H7

For saleJust listed

Today

$400K

#210 408 Dundas Street South, Cambridge, Ontario, N1R8H7

2 bd2 ba1 pk750 ft²+$486/mo

Listed by Sotheby's International Realty Canada, Brokerage

Investment analysis

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$314,900

Cambridge

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Overview

This 2-bedroom, 2-bathroom condo in Cambridge is for sale offering roughly 1,158 sq ft of space. Listed at $314,900, it is attractively priced about 37% below the $499,900 median asking price in Cambridge. It has been on the market 46 days, fresher than the Cambridge average of 57 days.

Condos for Sale in Cambridge →All real estate in Cambridge →

Description

A great 2 storey apartment condo located in Village Square right in the heart of Hespeler's downtown core. This unique condo townhouse apartment has been freshly painted and new carpet though out. This condo living offers low maintenance for an apartment but feels like a townhouse. Inside is a galley kitchen adjacent to the dinette area, a living room space with convenience to the sliding patio doors to a balcony. A 2 piece bathroom and storage is also on the main level. Upstairs features 2 bedrooms, a 4 piece bathroom, and laundry conveniently located on the upper level. Great property to get into the market. (id:66096)

Property Details

MLS®: 40864080
Property Type: Single Family
Zoning: C1RM2
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,158 ft²
Storeys: 1
Style: Other
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: Covered
Condo Fee: $586/mo
Fee Includes: Property Management, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,220/yr
Listed: 46 days ago

Rooms

Second level

Laundry room: 9'0'' x 7'0''
4pc Bathroom
Bedroom: 10'0'' x 9'0''
Primary Bedroom: 9'0'' x 15'0''

Main level

2pc Bathroom
Living room: 10'0'' x 12'0''
Dinette: 9'0'' x 8'0''
Kitchen: 7'0'' x 10'2''

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

Market Timing

Days on market

46d

Cambridge listings, avg age

57d

Price / ft²

$272

List price

$315K

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.

Area context

Neighbourhood profile (N3C)

This home lists at $314,900, about 2.8× the local median household income of $114,000.

Carrying it typically needs a household income of about $61,511 (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)

$314,900· $272/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $15,745

Min 5%50%

Mortgage payment$1,659/mo

↳ CMHC premium ($11,966 capitalized)

Property tax (est.)$185/mo

Condo fee$586/mo

Total monthly$2,430

Cash Needed to Close

Down payment (5%)$15,745

Land transfer tax$3,199

Est. closing costs$3,445

Total cash needed$22,389

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#263 40 East TANNERY Street East, Cambridge - Single Family for Sale

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Description

Property Details

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Neighbourhood profile (N3C)

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