505 Margaret Street, Unit 12, Cambridge, ON
Property no longer active
This property was sold on December 18, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Multi-Level condo apartment located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $399,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 700-799 sqft
- 1.0 total parking spaces available
- Notable attributes: Water Heater
- equipped with central air central cooling and highly efficient forced air heating via electric
Description
TWO BEDROOM beautiful CORNER PENTHOUSE UNIT in the Most sought-after Preston Arbour neighbourhood of Cambridge.Spacious bedrooms with good-sized closets. Covered balcony off the living room adds to the enjoyment of the unit. Open concept unit with Vinyl Flooring all over. Nice upgraded kitchen. Bright and spacious Living/Dining room. Enjoy swimming in the Edward Newland Pool in front of the building in summer. Building amenities include visitor parking, party room and guest suite. Super location. Close to School, shops, restaurants, park, public transit, five minutes drive to Hwy 401. Move in and enjoy the freedom and convenience that come with condo living. THE BEST LOCATION in Cambridge. *LOWEST CONDO FEE IN THE AREA ( $ 231.37) per month * WON'T LAST LONG!! BRING YOUR BEST OFFER!!
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Property Summary
This condo apartment located at 505 Margaret Street, Cambridge is currently for sale and has been available on SousaSells for 308 days. This property is listed at $399,000 with an estimated mortgage of $1,328* per month. It has 2 beds, 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.
- •2 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
- Public Transit
- Rec./Commun.Centre
- School
- School Bus Route
Interior Features
- Water Heater
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 505 Margaret Street, Unit 12, Cambridge, ON
Q.What is the asking price for 505 Margaret Street, Unit 12, Cambridge, ON ?
The current listing price for 505 Margaret Street, Unit 12, Cambridge, ON in Cambridge is $399,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 1 bathroom across approximately 700-799 sqft.
Q.What property type and architectural style is 505 Margaret Street, Unit 12, Cambridge, ON ?
505 Margaret Street, Unit 12, Cambridge, ON is a Condo Apartment (Multi-Level) featuring a None basement.
Q.What key property features does 505 Margaret Street, Unit 12, Cambridge, ON offer?
Key property features include: Public Transit, Rec./Commun.Centre, School, School Bus Route.
Q.What interior features are included in this home?
Interior highlights include: Water Heater.
Q.Is parking available at this property?
Yes, this property offers parking space for 1.0 vehicle (None).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via Central Air.
Virtual Tour & 3D Walkthrough
Location
Google Street View
Open in Google MapsProperty History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 505 Margaret Street 412, Cambridge, ON N3H 0A6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Cambridge.
Configure Loan Settings
About Purchasing a Home in Cambridge, ON
For a property listed at $399,000 in Cambridge, the legal minimum down payment is $19,950 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 $4,460 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 $4,460.
Similar Listings in Cambridge
Explore all Just Listed Homes in Cambridge →
Cambridge Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Cambridge.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Best Schools in Cambridge
Elementary Schools
Secondary Schools
Cambridge Demographic Home information
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.