$375,000

$380,000For salePrice drop↓ $5,000 (1%)

#402 237 KING Street West, Cambridge - Single Family for Sale

#402 237 KING Street West, Cambridge, Ontario, N3H5L2

2 beds2 baths1 parking999 ft²$800/mo condo feeListed 35 days ago

Overview

This 2-bedroom, 2-bathroom condo in Cambridge is for sale offering roughly 999 sq ft of space. Listed at $375,000, it is attractively priced about 25% below the $499,900 median asking price in Cambridge. It has been on the market 35 days, fresher than the Cambridge average of 57 days.

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Description

Welcome to Unit 402, a bright and beautifully maintained condo offering impressive views and an abundance of natural light throughout. The updated kitchen features a fresh, modern feel and opens into a spacious living area surrounded by large windows, creating an inviting space to relax or entertain while enjoying the scenery. Two outdoor balconies. The primary bedroom offers its own 5-piece ensuite with double sinks, while the second bedroom is conveniently located near an additional 4-piece bathroom — perfect for guests, a home office, or flexible living space. In-suite laundry adds everyday convenience. This well-kept building offers a great selection of amenities, including an indoor pool, fitness centre, party room, sewing room, hobby room and kitchenette. Complete with one parking space and a storage locker, Unit 402 offers comfortable, low-maintenance living in a convenient Cambridge location close to shopping, restaurants, trails and everyday amenities. (id:66096)

Property Details

MLS®: 40866261
Property Type: Single Family
Zoning: RM3
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 999 ft²
Year Built: 1990
Storeys: 1
Style: Other
Basement: None
Heating: Heat Pump
Cooling: Central air conditioning
Garage: Underground
Pool: Yes
Condo Fee: $800/mo
Fee Includes: Common Area Maintenance, Landscaping, Property Management, Heat, Water, Insurance, Parking, Residential Manager

Rooms

Main level

Primary Bedroom: 16'8'' x 11'4''
Living room: 18'8'' x 11'11''
Kitchen: 9'3'' x 8'10''
Dining room: 6'0'' x 11'11''
Bedroom: 13'0'' x 12'5''
5pc Ensuite bath: 12'4'' x 4'11''
4pc Bathroom: 9'4'' x 6'9''

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave Built-in
Exterior: Brick
Lot Features: Southern exposure, Backs on greenbelt, Balcony, No Pet Home

Services

Water: Municipal water
Sewer: Municipal sewage system
Utilities: Natural Gas, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Cambridge listings, avg age

57d

Price / ft²

$375

List price

$375K

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 35 days, which is 22 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX TWIN CITY REALTY INC. · KATHY LONG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3H)

This home lists at $375,000, about 4.6× the local median household income of $82,000.

Carrying it typically needs a household income of about $73,251 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$375,000· $375/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,750

Min 5%50%

Mortgage payment$1,975/mo

↳ CMHC premium ($14,250 capitalized)

Property tax (est.)$173/mo

Condo fee$800/mo

Total monthly$2,948

Cash Needed to Close

Down payment (5%)$18,750

Land transfer tax$4,100

Est. closing costs$3,625

Total cash needed$26,475

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