505 Margaret Street, Unit 11, Cambridge, ON
Property no longer active
This property was sold on May 28, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 1 Storey/Apt condo apartment located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $439,900 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 700-799 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Guest Accommodations, Intercom
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Tastefully designed. Beautifully updated. Low condo fees. AND underground parking. Located on the top floor, suite 401 in Preston Meadows proudly offers all of the above and SO much more. Stepping inside the thoughtfully laid out living space, you will immediately notice the fully updated kitchen complete with plenty of classic white cabinetry, stainless appliances (including induction stove!), striking backsplash, stunning quartz countertops and a 4 seater breakfast bar. Your well appointed cooking space overlooks the bright and welcoming living room; this entire space adorned with a modern colour palette and stylish flooring. Natural light fills the space from your southwest facing balcony. Make your way from the living room to your generous sized den; perfect for a dining area, office nook, or even a day bed for your guests. The four piece bathroom boasts the same stylish design as the rest of the home and is located directly across from your in-suite laundry facilities. A spacious bedroom is last on the tour, spacious enough for a KING sized bed!, and offering plenty of storage options. Don't worry about winters here, we've got you covered, quite literally; with an owned, underground parking space. Building amenities also include: bike locker, secured building access, guest accommodations and event room. Ideally located, 505 Margaret Street is in close proximity to public transit, highway access, shopping, grocery stores, restaurants, waking trails, parks, libraries, and more. This immaculately kept condo is truly a rare find and an excellent opportunity for first time buyers, down-sizers, and investors.
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Property Summary
This condo apartment located at 505 Margaret Street, Cambridge is currently for sale and has been available on SousaSells for 511 days. This property is listed at $439,900 with an estimated mortgage of $1,464* per month. It has 1 bed, 1 bathroom, and is 700-799 square feet. 505 Margaret Street, Cambridge
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Cambridge.
- •1 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •700-799 sqft of generous functional square footage
Urban professionals, first-time buyers, or investors looking for low-maintenance living in Cambridge.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Guest Accommodations
- Intercom
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 505 Margaret Street, Unit 11, Cambridge, ON
Q.What is the asking price for 505 Margaret Street, Unit 11, Cambridge, ON ?
The current listing price for 505 Margaret Street, Unit 11, Cambridge, ON in Cambridge is $439,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 1 bedroom and 1 bathroom across approximately 700-799 sqft.
Q.What property type and architectural style is 505 Margaret Street, Unit 11, Cambridge, ON ?
505 Margaret Street, Unit 11, Cambridge, ON is a Condo Apartment (1 Storey/Apt) featuring a None basement.
Q.What interior features are included in this home?
Interior highlights include: Guest Accommodations, Intercom.
Q.Is parking available at this property?
Yes, this property offers parking space for 1.0 vehicle (Underground).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 505 Margaret Street 401, Cambridge, ON N3H 0A6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Cambridge, ON
For a property listed at $439,900 in Cambridge, the legal minimum down payment is $21,995 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 $5,273 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 $5,273.
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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.