$449,000 - 155 Water Street Unit 502, Cambridge
Condo for Sale in Cambridge
31 days on market- MLS Number
- X13123634
- Property Type
- Condo
- Status
- active
- Days on Site
- 31
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Cambridge
- Locker
- None
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Welcome to 155 Water Street S Unit 502. This unit features 843 Sq ft of open concept living space with TWO parking spaces- one indoor and one outdoor. The bright and airy kitchen offers stainless steel appliances, including a built-in microwave, oven, refrigerator and stove, while offering lots of storage space. The living room is perfect for hosting with an open balcony facing the neighbourhood. This condo offers a generously sized primary bedroom featuring a walk-in closet and a four-piece private ensuite. It also features a second bedroom and a four piece bathroom, perfect for guests. In-suite laundry closet with a stacked washer/dryer for your convenience. If you love to entertain, enjoy the shared rooftop terrace for a BBQ or a quiet outdoor dining experience. Freshly painted with many windows and natural light, and featuring newly installed flooring throughout the living room and bedrooms, this condo suite is perfect for first-time buyers who desire zero maintenance, young professionals and any empty nesters looking to downsize. Centrally located in the heart of downtown Galt- walking distance to the Grand River Pedestrian Bridge, the Gaslight District, Hamilton Family Theatre, shopping, restaurants and much more.
Estimate your monthly payments for this property
Estimated Payment
$2,303.60/mo
Includes CMHC insurance ($12,527)
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.
155 Water Street Unit 502, 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 $561/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 31 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 800 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.