150 Water St Street, Unit 1005, Cambridge, ON

$400,000
MLS#:X9042833
1 beds
1 baths
600-699 sqft
1.0 parking
Residential Condo & Other
150 Water St Street 1005, Cambridge, ON N1R 3B6
⚠️

Property no longer active

This property was sold on November 29, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium concrete and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $400,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 1 Bedroom and 1 Bathroom
  • Generous living space spanning 600-699 sqft
  • 1.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to your new home! This stunning 1-bedroom plus den condo is ideally situated within walking distance to Downtown Cambridge, offering the perfect blend of convenience and tranquility. Enjoy breathtaking views of the Grand River right from your window, creating a serene backdrop for your daily life. The spacious den provides a versatile space for a home office or guest room. Modern finishes, an open-concept layout, and abundant natural light enhance the living experience. Located in a vibrant neighborhood with easy access to shops, dining, and entertainment, this condo is the epitome of urban living with a touch of nature. Don't miss the opportunity to make this exceptional property your own!

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Property Summary

This condo apartment located at 150 Water St Street, Cambridge is currently for sale and has been available on SousaSells for 750 days. This property is listed at $400,000 with an estimated mortgage of $1,331* per month. It has 1 bed, 1 bathroom, and is 600-699 square feet. 150 Water St Street, Cambridge

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Cambridge.

Great for Small Household / Couples
What We Love About This Home
  • 1 spacious bedroom layout offering versatile living space
  • 1 well-appointed bathroom
  • 600-699 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Urban professionals, first-time buyers, or investors looking for low-maintenance living in Cambridge.

Target Buyer Match

Key Features

Bedrooms
1
Bathrooms
1
Kitchens
1
Living Area
600-699 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateNovember 29, 2024
Sold price information is available to members only
Listed Date7/17/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete, Stucco (Plaster)
BasementNone
CountyWaterloo
Annual Tax$3,492

Parking & Garage

Parking Total1.0
Parking Space1
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • None

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 150 Water St Street, Unit 1005, Cambridge, ON

Q.What is the asking price for 150 Water St Street, Unit 1005, Cambridge, ON ?

The current listing price for 150 Water St Street, Unit 1005, Cambridge, ON in Cambridge is $400,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 1 bedroom and 1 bathroom across approximately 600-699 sqft.

Q.What property type and architectural style is 150 Water St Street, Unit 1005, Cambridge, ON ?

150 Water St Street, Unit 1005, Cambridge, ON is a Condo Apartment (Apartment) featuring a None basement.

Q.What interior features are included in this home?

Interior highlights include: None.

Q.Is parking available at this property?

Yes, this property offers parking space for 1.0 vehicle (Built-In).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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Location

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150 Water St Street, Unit 1005, Cambridge, ON

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 150 Water St Street 1005, Cambridge, ON N1R 3B6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Cambridge.

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Interest Rate4.00%
Down Payment$120,000 (30.0%)
* Minimum Canadian down payment required for this price is $20,000.
Amortization Period30 Years
Estimated Monthly Payment$1,331Based on a loan of $280,000 over 30 years.
Purchase Price$400,000
Loan Amount$280,000
Provincial Land Transfer Tax:$4,475
Total Estimated Closing Taxes:$4,475

About Purchasing a Home in Cambridge, ON

For a property listed at $400,000 in Cambridge, the legal minimum down payment is $20,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,475 for this transaction. As this listing is in Cambridge (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,475.

Cambridge Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Cambridge.

Verified Local Data
City Population575,847
City Median Age38 Yrs
City Ownership65% Owners
Avg Area List Price$892,376

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Best Schools in Cambridge

Elementary Schools

Avenue Road
Public40 Gail Street, Cambridge, Ontario, N1R 4M2
3.3
Elgin Street
Public685 Elgin Street North, Cambridge, Ontario, N1R 7W6
6.2
St Peter
Public92 Avenue Road, Cambridge, Ontario, N1R 1C1
5.6
Christ The King
Public70 Acorn Way, Cambridge, Ontario, N1R 8M5
3.1
Blair Road
Public85 Sunset Boulevard, Galt, Cambridge, Ontario, N1S 1A9
5.6

Secondary Schools

Galt
Public200 Water Street North, Galt, Cambridge, Ontario, N1R 6V2
5.9
St. Benedict
Catholic50 Saginaw Parkway, Cambridge, Ontario, N1R 5W1
6.8

Cambridge Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.