$369,000

For sale

#904 150 Water Street, Cambridge - Single Family for Sale

#904 150 Water Street, Cambridge, Ontario, N1R0B5

1 bed1 bath1 parking650 ft²$600/mo condo feeListed 8 days ago

Overview

This 1-bedroom, 1-bathroom condo in Cambridge is for sale offering roughly 650 sq ft of space. Listed at $369,000, it is attractively priced about 26% below the $499,900 median asking price in Cambridge. It has been on the market 8 days, fresher than the Cambridge average of 57 days.

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Description

Welcome to Unit 904 at 150 Water Street - where modern comfort meets stunning riverside living. This beautifully designed 1-bedroom, 1-bathroom condo offers breathtaking, unobstructed views of the Grand River and downtown Cambridge right from your private balcony. Step inside to a bright and spacious living area featuring floor-to-ceiling windows that flood the space with natural light and provide seamless access to your balcony, perfect for relaxing or entertaining while enjoying the scenic surroundings. The contemporary kitchen is equipped with stainless steel appliances and a stylish peninsula with bar seating, ideal for casual dining or hosting guests. This unit includes one parking space and a locker for added convenience. Residents enjoy access to premium building amenities, including a fully equipped gym, party room, guest accommodations, and an outdoor terrace complete with BBQ facilities. Perfectly located right along the Grand River, you're just steps from picturesque walking trails, as well as a vibrant selection of restaurants, cafés, and shopping. Experience the best of riverside living in this exceptional condo. (id:66096)

Property Details

MLS®: X14122196
Property Type: Single Family
Zoning: FC1RM1
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Waterfront: Yes
Condo Fee: $600/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,121/yr

Rooms

Main level

Bedroom: 3.05 x 4.98 meters
Kitchen: 3.43 x 3.94 meters
Living room: 3.05 x 4.17 meters

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

Features

Appliances: Garage door opener remote(s)
Foundation: Concrete
Exterior: Concrete
Lot Features: Elevator, 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

$568

List price

$369K

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 8 days, which is 49 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 (N1R)

This home lists at $369,000, about 4.8× the local median household income of $77,000.

Carrying it typically needs a household income of about $72,079 (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)

$369,000· $568/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,450

Min 5%50%

Mortgage payment$1,944/mo

↳ CMHC premium ($14,022 capitalized)

Property tax (est.)$260/mo

Condo fee$600/mo

Total monthly$2,803

Cash Needed to Close

Down payment (5%)$18,450

Land transfer tax$4,010

Est. closing costs$3,607

Total cash needed$26,067

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