150 Water Street Unit 803, Cambridge

Price: $339,900

1 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: X13091408

Welcome to 150 Water Street - a bright and stylish 1-bedroom, 1-bath condo offering beautiful views of the Grand River and a lifestyle centered around convenience and connection. Floor-to-ceiling windows fill the space with natural light, while the private balcony provides the perfect spot to enjoy morning coffee or unwind at the end of the day overlooking the water. Residents enjoy access to premium amenities including a fitness centre, party/meeting room, guest suites, secure underground parking, and a large landscaped outdoor terrace with beautiful views of the Grand River. With scenic walking and biking trails nearby, it's easy to enjoy the outdoors right from your doorstep. Located in the heart of Downtown Galt beside the iconic Cambridge Mill, you'll be steps from cafés, restaurants, boutique shopping, theatres, transit, and vibrant riverfront spaces, while still offering convenient access to Highway 401 for commuters.

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$339,900 - 150 Water Street Unit 803, Cambridge

Condo for Sale in Cambridge

44 days on market
1Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
X13091408
Property Type
Condo
Status
active
Days on Site
44
Bedrooms
1
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Cambridge
Locker
Exclusive
Exposure
North West
Balcony
Open
Listing Brokerage
RE/MAX TWIN CITY REALTY INC.
Description

Welcome to 150 Water Street - a bright and stylish 1-bedroom, 1-bath condo offering beautiful views of the Grand River and a lifestyle centered around convenience and connection. Floor-to-ceiling windows fill the space with natural light, while the private balcony provides the perfect spot to enjoy morning coffee or unwind at the end of the day overlooking the water. Residents enjoy access to premium amenities including a fitness centre, party/meeting room, guest suites, secure underground parking, and a large landscaped outdoor terrace with beautiful views of the Grand River. With scenic walking and biking trails nearby, it's easy to enjoy the outdoors right from your doorstep. Located in the heart of Downtown Galt beside the iconic Cambridge Mill, you'll be steps from cafés, restaurants, boutique shopping, theatres, transit, and vibrant riverfront spaces, while still offering convenient access to Highway 401 for commuters.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,743.86/mo

Includes CMHC insurance ($9,483)

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5-yr fixed avg.

Principal: $305,910Interest: $207,766
Mortgage Amount$315,393
Total Interest$207,766
Est. Property Tax$241/mo
Total Cost$523,159

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.

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Neighbourhood Guide: Cambridge

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

150 Water Street Unit 803, Cambridge

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
4.1%
Good

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$325
Property Tax (est.)-$241
Insurance (est.)-$71
Net Cash Flow+$1,163

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $680/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 44 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.

Efficient Living

At 500 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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.

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    150 Water Street Unit 803, Cambridge | $339,900 | Battaglia Team