$551,327 - 15 Glebe Street Unit 1511, Cambridge
Condo for Sale in Cambridge
- MLS Number
- X13130566
- Property Type
- Condo
- Status
- active
- Days on Site
- 30
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Cambridge
- Locker
- None
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- CORCORAN HORIZON REALTY
Modern and refined, this 2-bedroom, 2-bathroom condo offers 1,007 sq ft of well-designed living space in Cambridge's highly sought-after Gaslight District - the city's premier hub for dining, entertainment, and culture. The bright, open-concept layout features 9-foot ceilings, a contemporary kitchen, and expansive windows that fill the space with natural light. The primary bedroom includes a walk-in closet, while in-suite laundry adds everyday convenience. Enjoy a generous private balcony, accessible from both the living room and bedroom, showcasing panoramic views of the Grand River, Gaslight Square, and the surrounding cityscape. This unit also includes an underground parking space. Residents of Gaslight Condos have access to an exceptional array of amenities, including a state-of-the-art fitness centre, games room, study and library area, and an outdoor terrace with pergolas, fire pits, and BBQ areas overlooking the vibrant square below. Ideally located in one of Cambridge's most dynamic communities, this condo offers a perfect balance of modern comfort and urban living.
Estimate your monthly payments for this property
Estimated Payment
$2,828.59/mo
Includes CMHC insurance ($15,382)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Cambridge
Cambridge is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Cambridge
- •Convenient location in Cambridge
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Cambridge offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
15 Glebe Street Unit 1511, Cambridge
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $551/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 30 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Investment Perspective
Looking at this as an investment: Cambridge properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,297 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.