688 Preston Parkway, Cambridge, ON

$499,900
MLS#:X13177134
3 beds
2 baths
1400-1599 sqft
1.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable 1 Storey/Apt 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 $499,900 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1400-1599 sqft
  • 1.0 total parking spaces available
  • Notable attributes: None
  • equipped with other central cooling and highly efficient heat pump heating via electric

Description

Tucked into a quiet, well maintained building, this beautifully updated main floor condo offers nearly 1,500 sq ft of easy, low maintenance living. Fully and professionally redesigned, Unit 101 blends modern finishes with a functional layout designed for comfort and simplicity. A bright, thoughtfully designed kitchen anchors the home, featuring quartz countertops, tiled backsplash, modern appliances, designer lighting, and an island perfect for everyday living and casual entertaining. The open concept living and dining areas are filled with natural light from expansive windows, creating a warm and inviting atmosphere throughout. Thoughtful finishes continue across the home, including wide plank flooring, upgraded trim, craftsman style doors, shiplap accents, and warm adjustable lighting. The spacious primary bedroom offers a peaceful retreat with a spa inspired ensuite, while both bathrooms feature beautifully updated tile work and built in storage niches. Additional features include custom closet systems in every bedroom, a dedicated pantry space, in suite laundry, extra-wide doorways, and abundant storage throughout, all contributing to the home's exceptional functionality and ease of living. Ideally located close to Highway 401, Conestoga College, shopping, transit, restaurants, and walking trails, this home offers everyday convenience while maintaining a calm and private feel inside. Residents also enjoy secure entry, a fitness room, and a party room within the building. Stylish, move in ready, and designed for effortless living, Unit 101 is an ideal opportunity for buyers seeking comfort, convenience, and turnkey condo living.

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1400-1599 sqft
Property Type
Residential Condo & Other

Additional Details

StatusPrice Change
Listed Date5/26/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural Style1 Storey/Apt
ConstructionConcrete, Stucco (Plaster)
BasementNone
CountyWaterloo
Annual Tax$3,563.36

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeHeat Pump
CoolingOther

Features

Property Features

Interior Features

None

Security Features

Community Features

Location

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688 Preston Parkway, Cambridge, ON

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 688 Preston Parkway 101, Cambridge, ON N3H 5K6

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 Rate5.25%
Down Payment$24,995 (5.0%)
* Minimum Canadian down payment required for this price is $24,995.
Amortization Period25 Years
Estimated Monthly Payment$2,830Based on a loan of $474,905 over 25 years.
Purchase Price$499,900
Loan Amount$474,905
Provincial Land Transfer Tax:$6,473
Total Estimated Closing Taxes:$6,473

About Purchasing a Home in Cambridge, ON

For a property listed at $499,900 in Cambridge, the legal minimum down payment is $24,995 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 $6,473 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 $6,473.

Nearby Listings

Distance:

No current listings found in Cambridge.

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City & 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$928,168

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%

Local Schools Guide

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
Manchester
Public455 Dundas Street North, Galt, Cambridge, Ontario, N1R 5R5
4.7

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

Homes & Housing

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.