$4,900/mo - 170 Water Street Unit UPH4, Cambridge
Condo for Rent in Cambridge
32 days on market- MLS Number
- X13119100
- Property Type
- Condo
- Status
- active
- Days on Site
- 32
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 2,750 sqft
- Neighbourhood
- Cambridge
- Locker
- Exclusive
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- CORCORAN HORIZON REALTY
This One-of-a-Kind Luxury Penthouse was custom designed to create nearly 3,000 sq. ft. of refined living space, offering the perfect blend of elegance, comfort, and Panoramic River Views. Every window frames a breathtaking view of the river, and a full-length terrace with multiple walkouts provides a front-row seat to spectacular sunsets. The expansive and light-filled living room features an electric fireplace, seamlessly flowing into a grand dining area perfect for hosting a dinner party or large family gathering. The chefs kitchen is beautifully renovated and thoughtfully designed, with seating for five and overlooks the family room. A separate den offers the ideal space for a home office, home theatre, or additional third bedroom. Perfect for entertainers, the butlers pantry includes its own entrance, doubling as a service or catering kitchen for seamless hosting. The primary suite is tucked away in its own private wing, showcasing luxurious penthouse glamour with floor-to-ceiling windows and a walkout to the terrace. A spacious walk-in closet functions as a full dressing room complete with a center island. The show-stopping ensuite features a soaking tub positioned to take in the sweeping river views. The second bedroom is generously sized and includes it's own ensuite bath, offering comfort and privacy for guests or family. With two underground parking spaces and 1 private locker room, this is elevated condo living without compromise. Set in the heart of historic Galt, you're just steps away from riverfront trails, fine dining at Cambridge Mill or Langdon Hall, the local farmer's market, and the vibrant Gaslight District. A rare opportunity to live large in one of the regions most desirable settings.
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.
170 Water Street Unit UPH4, Cambridge
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $4,900/mo, this is asking above the typical 2-bedroom rent of ~$2,900/mo in Cambridge. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Market Position
At 32 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.
Larger Home Realities
At 2,750 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.