$449,000

For sale

#503 155 WATER Street South, Cambridge - Single Family for Sale

#503 155 WATER Street South, Cambridge, Ontario, N1R3E3

2 beds2 baths1 parking837 ft²$602/mo condo feeListed 246 days ago

Overview

This 2-bedroom, 2-bathroom condo in Cambridge is for sale offering roughly 837 sq ft of space. Listed at $449,000, it is attractively priced about 10% below the $499,900 median asking price in Cambridge.

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Description

Exceptional Condo in Stunning, Historic Downtown Galt Seize the opportunity to own a pristine, move-in ready condo overlooking the picturesque historic downtown Galt. Built in 2016, the prestigious Riverfront Condos are renowned for their superior design and quality craftsmanship. This solid concrete mid-rise, featuring a striking brick and stone exterior, stands seven stories tall and offers something for everyone. Unit 503 boasts a spacious, open-concept floor plan with 2 bedrooms and 2 full bathrooms—highlighted by a luxurious walk-in closet and ensuite in the primary bedroom. The upgraded kitchen shines with elegant countertops and black appliances, perfect for both everyday living and entertaining. With just under 900 square feet of thoughtfully designed interior space, step out onto your private balcony to savour breathtaking sunrises and western views of the Grand River from the shared rooftop patio and charming downtown Galt. Convenience is key — this unit includes one owned parking spot along with ample visitor parking. Enjoy being just minutes from all your favourite amenities: the vibrant new Gaslight District, upscale coffee shops, fine dining, scenic hiking trails, water activities, boutique shopping, theatres, and bustling local markets. Galt is a community that beautifully blends its historic charm with a modern, forward-thinking spirit. Exciting developments are underway, including the upcoming second phase of the Light Rail Transit connecting Galt to KW, as well as new condos and the entertaining gaslight district just steps away, expanding residential and commercial spaces along the Grand River. With quick access to Highway 401 (just 15 minutes away) and Highway 8 towards Hamilton, this location offers incredible connectivity without sacrificing tranquility. Discover why Galt Cambridge is quickly becoming one of the most sought-after places to live — embrace this exceptional lifestyle today! (id:66096)

Property Details

MLS®: 40807074
Property Type: Single Family
Zoning: C1RM1
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 837 ft²
Year Built: 2015
Storeys: 1
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Garage: Open, Visitor Parking
Condo Fee: $602/mo
Fee Includes: Landscaping, Insurance, Parking
Ownership: Condo/Strata
Property Tax

Rooms

Main level

Other: 14'1'' x 8'11''
Foyer: 5'10'' x 8'8''
Laundry room
Primary Bedroom: 14'1'' x 8'11''
Bedroom: 9'1'' x 8'10''
Living room: 10'8'' x 10'4''
Kitchen: 9'1'' x 11'0''
4pc Ensuite bath: 4'11'' x 8'10''
4pc Bathroom: 4'11'' x 8'10''

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
Exterior: Brick, Stone
Lot Features: Southern exposure, Conservation/green belt, Balcony

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

246d

Cambridge listings, avg age

58d

Price / ft²

$536

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 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 TWIN CITY REALTY INC. · JULIAN SHEPPARD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1R)

This home lists at $449,000, about 5.8× the local median household income of $77,000.

Carrying it typically needs a household income of about $87,705 (20% down, 25-yr amortization, stress-tested) — roughly 14% 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)

$449,000· $536/ft²

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.)$276/mo

Condo fee$602/mo

Total monthly$3,243

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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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice