505 Margaret Street, Cambridge, ON
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 $299,900 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 600-699 sqft
- 1.0 total parking spaces available
- Notable attributes: Water Heater, Water Softener
- equipped with central air central cooling and highly efficient forced air heating via electric
Description
Discover the perfect blend of downtown energy and small-community charm at 505 Margaret St, Unit 109. This bright and stylish 2-bedroom condo offers a warm, walkable lifestyle with Civic Park, Riverside Park, and the Grand River. Local shops, conveniences, and community amenities sit literally at your doorstep. Inside, you'll find an inviting open-concept layout featuring brand-new laminate flooring, freshly painted kitchen cabinets, and a modern laminate countertop. Large windows fill the space with natural light, creating a comfortable and airy feel throughout. The building offers fantastic amenities, including a guest suite for overnight visitors and a party room perfect for gatherings. This unit also includes one on-ground parking space and enjoys a low monthly maintenance fee, keeping ownership affordable. With quick access to the 401, this home is ideal for first-time buyers, professionals, or those looking to downsize without compromise. A stylish, affordable, and convenient lifestyle awaits-welcome home to Unit 109.
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Water Heater, Water Softener
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 505 Margaret Street 109, 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 $299,900 in Cambridge, the legal minimum down payment is $14,995 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 $2,974 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 $2,974.
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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.