$412,900

For saleJust listed

#903 50 Grand Avenue South, Cambridge - Single Family for Sale

#903 50 Grand Avenue South, Cambridge, Ontario, N1S0C2

1 bed1 bath1 parking650 ft²$439/mo condo feeListed Yesterday

Overview

This 1-bedroom, 1-bathroom condo in Cambridge is for sale offering roughly 650 sq ft of space. Listed at $412,900, it is attractively priced about 17% below the $499,900 median asking price in Cambridge. It has been on the market 1 day, fresher than the Cambridge average of 57 days.

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Description

This one bedroom condo offers a spacious primary bedroom with a generous walk in closet providing plenty of storage, along with a modern bathroom featuring a walk in glass shower and ample built in shelving for added convenience. A versatile nook adds even more function to the space, ideal for a home office, study area, reading corner, or extra storage cabinets. Enjoy beautiful views of Historic Downtown Galt and the Grand River from a large private balcony, all while taking in the peaceful, quiet side of the building. Residents enjoy one owned underground parking spot, access to a terrace deck and garden, gym, yoga studio, a party room, visitor parking, along with a prime location close to downtown, the hospital, the library, and the park. Altogether, this condo blends comfort, character, and an unbeatable location into a bright, welcoming space. (id:66096)

Property Details

MLS®: X14144130
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Heat Pump, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $439/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,385/yr
Listed: Yesterday

Rooms

Main level

Bedroom: 3.05 x 3.56 meters
Dining room: 1.72 x 3.56 meters
Kitchen: 2.38 x 4.48 meters
Living room: 3.64 x 3.56 meters

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

Features

Foundation: Concrete
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Cambridge listings, avg age

57d

Price / ft²

$636

List price

$413K

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 1-bed single family in Cambridge has been listed for 1 day, which is 56 days fresher than the city average of 57. Act while there is still low competition.

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Listed by CORCORAN HORIZON REALTY · CLIFF C. REGO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1S)

This home lists at $412,900, about 4.3× the local median household income of $95,000.

Carrying it typically needs a household income of about $80,654 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $95,000
Population: 20,171
Median age: 42.8
Owner / renter: 71% / 29%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N1S)

$412,900· $636/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,645

Min 5%50%

Mortgage payment$2,175/mo

↳ CMHC premium ($15,690 capitalized)

Property tax (est.)$282/mo

Condo fee$439/mo

Total monthly$2,896

Cash Needed to Close

Down payment (5%)$20,645

Land transfer tax$4,733

Est. closing costs$3,739

Total cash needed$29,117

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