$424,999
Cambridge
#410 505 MARGARET Street, Cambridge, Ontario, N3H0A6
This 2-bedroom, 1-bathroom condo in Cambridge is for sale offering roughly 872 sq ft of space. Listed at $424,999, it is attractively priced about 15% below the $499,900 median asking price in Cambridge. It has been on the market 2 days, fresher than the Cambridge average of 57 days.
Top-floor turnkey living in the heart of Preston! Perched on the top floor with quiet, open views, this bright 2-bedroom plus den suite has been beautifully refreshed with modern countertops, refaced kitchen cabinets, updated pot lights and switches, fresh paint throughout, and a newly updated bathroom featuring a sleek double vanity. The layout is open, comfortable, and easy to live in, showcasing rich flooring, crown moulding, and sliding doors out to your private covered balcony. The kitchen offers abundant storage, stainless steel appliances, and a welcoming breakfast bar peninsula. Right off the kitchen, discover a dedicated den perfect for a quiet home office, creative zone, or reading nook. Both bedrooms are spacious and bright, highlighted by a primary retreat with a large picture window and generous walk-in closet. Premium parking and storage perks include one deeded, heated underground parking space equipped with an included prefabricated storage locker, plus complimentary access to the building's secure bike storage room. The well-managed building also recently completed refreshed paint and new carpeting throughout all common hallways! Additional amenities include a party room, a bookable guest suite ($50/night), and pet-friendly living (pets under 40 lbs welcome). Located directly across from Ed Newland Pool and Civic Park, an easy walk to downtown Preston cafes and dining, and just minutes to Highway 401. Exceptional, low-maintenance living at its finest! (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Just listed: 2 days on market, against an average age of 57 days across the listings currently for sale in this city
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.
This 2-bed single family in Cambridge has been listed for 2 days, which is 55 days fresher than the city average of 57. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $424,999, about 5.2× the local median household income of $82,000.
Carrying it typically needs a household income of about $83,017 (20% down, 25-yr amortization, stress-tested) — roughly 1% above the area median.
Source: Statistics Canada, 2021 Census (FSA N3H)
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