$399,000

For sale

#501 170 WATER Street North, Cambridge - Single Family for Sale

#501 170 WATER Street North, Cambridge, Ontario, N1R3B6

2 beds1 bath1 parking765 ft²$750/mo condo feeListed 79 days ago

Overview

This 2-bedroom, 1-bathroom condo in Cambridge is for sale offering roughly 765 sq ft of space. Listed at $399,000, it is attractively priced about 20% below the $499,900 median asking price in Cambridge.

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Description

Welcome to Waterscape, a well-located condo community along the Grand River in historic Downtown Galt. This bright and functional 2-bedroom, 1-bathroom condo offers a great opportunity for first-time buyers, downsizers, or investors looking for low-maintenance living in a prime location. The open-concept layout features a modern kitchen with ample cabinetry, granite countertops, and stainless steel appliances, flowing seamlessly into the living area - perfect for everyday living or entertaining. Large windows bring in plenty of natural light, while the private balcony provides a quiet outdoor space to relax. Enjoy the convenience of in-suite laundry, underground parking, and a storage locker. Condo fees include heating, cooling, and water, helping keep monthly expenses predictable and affordable. The building offers secure controlled entry, a fitness room, party/lounge space, and a rooftop terrace with BBQs and seating-ideal for entertaining or enjoying views of the river. Located just steps from scenic walking trails, the Cambridge Mill, Gaslight District, farmers' market, shops, dining, and theatre, everything you need is within walking distance. Experience easy condo living in one of Cambridge's most desirable downtown locations. Book your private showing today. (id:66096)

Property Details

MLS®: 40856040
Property Type: Single Family
Zoning: C1RM1
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 765 ft²
Year Built: 2008
Storeys: 1
Style: Other
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, Covered
Waterfront: Yes
Condo Fee: $750/mo
Fee Includes

Rooms

Main level

4pc Bathroom: 8'0'' x 5'0''
Bedroom: 11'4'' x 9'4''
Primary Bedroom: 11'7'' x 11'4''
Kitchen: 9'3'' x 10'6''
Living room: 12'6'' x 12'6''

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: Stucco
Lot Features: Balcony, Automatic Garage Door Opener

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

79d

Cambridge listings, avg age

57d

Price / ft²

$522

List price

$399K

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 99.9 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 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 RE/MAX REAL ESTATE CENTRE INC. · Nadia Vladco

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1R)

This home lists at $399,000, about 5.2× the local median household income of $77,000.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — roughly 1% above 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)

$399,000· $522/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$286/mo

Condo fee$750/mo

Total monthly$3,137

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$4,460

Est. closing costs$3,697

Total cash needed$28,107

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