$329,999

For sale

#407 155 Water Street, Cambridge - Single Family for Sale

#407 155 Water Street, Cambridge, Ontario, N1R3E3

1 bed1 bath1 parking550 ft²$460/mo condo feeListed 151 days ago

Overview

This 1-bedroom, 1-bathroom condo in Cambridge is for sale offering roughly 550 sq ft of space. Listed at $329,999, it is attractively priced about 34% below the $499,900 median asking price in Cambridge.

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Description

Welcome to this stylish and well-appointed 1-bedroom, 1-bathroom condo ideally situated near the Grand River and the vibrant, up-and-coming Gaslight District. Featuring stainless steel appliances, an electric fireplace, and a generous balcony perfect for taking in the surrounding views, this unit offers a great balance of modern comfort and everyday functionality. One of the standout features is the underground covered parking spot - a valuable bonus that offers both convenience and year-round protection from the elements. Whether you're a young professional, first-time buyer, or someone looking to downsize, you'll appreciate the easy access to downtown amenities, restaurants, trails, and public transit. This is your chance to enjoy a low-maintenance lifestyle in one of Cambridge's most exciting and evolving neighbourhoods. (id:66096)

Property Details

MLS®: X13411508
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Fireplace: Yes
Condo Fee: $460/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,130.21/yr
Listed: 151 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Window Coverings
Exterior: Brick, Stone
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

151d

Cambridge listings, avg age

57d

Price / ft²

$601

List price

$330K

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 1-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 PEAK REALTY LTD. · KATIE MURRAY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1R)

This home lists at $329,999, about 4.3× the local median household income of $77,000.

Carrying it typically needs a household income of about $64,460 (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)

$329,999· $601/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,499.95

Min 5%50%

Mortgage payment$1,738/mo

↳ CMHC premium ($12,540 capitalized)

Property tax (est.)$261/mo

Condo fee$460/mo

Total monthly$2,459

Cash Needed to Close

Down payment (5%)$16,500

Land transfer tax$3,425

Est. closing costs$3,490

Total cash needed$23,415

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