$449,000

For sale

#401 688 Preston Parkway, Cambridge - Single Family for Sale

#401 688 Preston Parkway, Cambridge, Ontario, N3H5K6

3 beds2 baths1 parking$760/mo condo feeListed 111 days ago

Overview

This 3-bedroom, 2-bathroom condo in Cambridge is for sale. Listed at $449,000, it is attractively priced about 10% below the $499,900 median asking price in Cambridge.

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Description

Welcome to this spacious and well-maintained 3-bedroom, 2-bathroom corner unit offering comfort, functionality, and an abundance of natural light. This desirable layout features generous living and dining areas, a well-appointed kitchen with ample cabinetry, and a bright open-concept design ideal for everyday living and entertaining. The primary bedroom features a private ensuite complete with a separate jacuzzi tub and shower, creating the perfect space to relax and unwind. Two additional bedrooms provide flexibility for family, guests, or a home office. Enjoy the convenience of in-suite laundry, ample storage, and the added privacy and natural light that come with a corner unit. Ideally located close to Highway 401, shopping, restaurants, parks, walking trails, public transit, and Conestoga College, this home offers exceptional value in a convenient Cambridge location. Perfect for first-time buyers, families, downsizers, or investors seeking space, comfort, and convenience. (id:66096)

Property Details

MLS®: X13572482
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Basement: None
Heating: Heat Pump, Electric
Garage: No Garage
Condo Fee: $760/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,219/yr
Listed: 111 days ago

Features

Appliances: Water Heater
Exterior: Concrete, Stucco
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

111d

Cambridge listings, avg age

58d

List price

$449K

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 3-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 ROYAL LEPAGE PLATINUM REALTY · SAM KHANGURA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3H)

This home lists at $449,000, about 5.5× the local median household income of $82,000.

Carrying it typically needs a household income of about $87,705 (20% down, 25-yr amortization, stress-tested) — roughly 7% above the area median.

Median household income: $82,000
Population: 24,306
Median age: 40.8
Owner / renter: 62% / 38%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N3H)

$449,000

For sale

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Full Cost Breakdown

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Down Payment5% · $22,450

Min 5%50%

Mortgage payment$2,365/mo

↳ CMHC premium ($17,062 capitalized)

Property tax (est.)$268/mo

Condo fee$760/mo

Total monthly$3,393

Cash Needed to Close

Down payment (5%)$22,450

Land transfer tax$5,455

Est. closing costs$3,847

Total cash needed$31,752

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