155 Water Street Unit 306, Cambridge

Price: $284,900

1 bedrooms, 1 bathrooms

Property Type: Condo

MLS#: X13162456

Welcome to RiverFront Condominiums, ideally located along the Grand River and steps from scenic walking trails while remaining close to historic downtown Galt, amenities, shopping, dining, and transit. This bright and functional one-bedroom suite offers an open-concept kitchen and living area with modern flooring throughout. The kitchen features ample cabinetry, full-sized appliances, and a movable central island for additional prep space and seating. The living area provides access to a private balcony, perfect for morning coffee or evening relaxation. The spacious bedroom includes double closets and large windows for natural light. The four-piece bathroom is well maintained with a full tub and shower combination. Additional features include in-suite laundry with a newer washer and dryer (2024). Building amenities include bike storage, a rooftop patio with south-facing river views and a BBQ area, and a playground for children. This suite is an excellent opportunity for first-time buyers, professionals, downsizers, or investors seeking a low-maintenance property alongside the Grand River.

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$284,900 - 155 Water Street Unit 306, Cambridge

Condo for Sale in Cambridge

1Beds
1Baths
N/ASq Ft
Condo
Property Details
MLS Number
X13162456
Property Type
Condo
Status
active
Days on Site
21
Bedrooms
1
Bathrooms
1
Square Feet
N/A sqft
Neighbourhood
Cambridge
Locker
None
Exposure
East
Balcony
Open
Listing Brokerage
RE/MAX TWIN CITY REALTY INC.
Description

Welcome to RiverFront Condominiums, ideally located along the Grand River and steps from scenic walking trails while remaining close to historic downtown Galt, amenities, shopping, dining, and transit. This bright and functional one-bedroom suite offers an open-concept kitchen and living area with modern flooring throughout. The kitchen features ample cabinetry, full-sized appliances, and a movable central island for additional prep space and seating. The living area provides access to a private balcony, perfect for morning coffee or evening relaxation. The spacious bedroom includes double closets and large windows for natural light. The four-piece bathroom is well maintained with a full tub and shower combination. Additional features include in-suite laundry with a newer washer and dryer (2024). Building amenities include bike storage, a rooftop patio with south-facing river views and a BBQ area, and a playground for children. This suite is an excellent opportunity for first-time buyers, professionals, downsizers, or investors seeking a low-maintenance property alongside the Grand River.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,461.68/mo

Includes CMHC insurance ($7,949)

$
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5-yr fixed avg.

Principal: $256,410Interest: $174,147
Mortgage Amount$264,359
Total Interest$174,147
Est. Property Tax$202/mo
Total Cost$438,505

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

155 Water Street Unit 306, Cambridge

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
4.7%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$975
Property Tax (est.)-$202
Insurance (est.)-$59
Net Cash Flow+$1,124

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

Market Position

At 21 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 0 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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    155 Water Street Unit 306, Camb… — $284,900 | Battaglia Team