237 King Street Unit 808, Cambridge

Price: $389,900

2 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: X13002388

Welcome to one of the most beautiful park-like locations in Waterloo Region at Kressview Springs offering sweeping views of Riverside Park, scenic trails and the Grand River!!! This 1235sf spectacular unit has large balcony, 2 bedrooms, 2 bathrooms, bright sunroom, 2 underground PARKING SPOTS and 2 STORAGE LOCKERS!! Move right in and enjoy the corner unit location providing a panoramic view of peaceful living. Indoor pool, sauna, whirlpool, sundeck, workout room, workshop, games room, library, party room with kitchen facilities plus terrace with bbq and tables for outside enjoyment. Impressive updates including windows, doors, underground parking, balconies, & gorgeous main foyer! All of this just 2 minutes away from downtown Cambridge, Costco, restaurants, entertainment and quick access to #401! Worry-free building. Enjoy convenience of in-suite laundry and the option for a garden plot to grow vegetables or flowers in the summer.

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$389,900 - 237 King Street Unit 808, Cambridge

Condo for Sale in Cambridge

65 days on market
2Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
X13002388
Property Type
Condo
Status
active
Days on Site
65
Bedrooms
2
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
Cambridge
Locker
Owned
Exposure
West
Balcony
Open
Listing Brokerage
RE/MAX REAL ESTATE CENTRE INC.
Description

Welcome to one of the most beautiful park-like locations in Waterloo Region at Kressview Springs offering sweeping views of Riverside Park, scenic trails and the Grand River!!! This 1235sf spectacular unit has large balcony, 2 bedrooms, 2 bathrooms, bright sunroom, 2 underground PARKING SPOTS and 2 STORAGE LOCKERS!! Move right in and enjoy the corner unit location providing a panoramic view of peaceful living. Indoor pool, sauna, whirlpool, sundeck, workout room, workshop, games room, library, party room with kitchen facilities plus terrace with bbq and tables for outside enjoyment. Impressive updates including windows, doors, underground parking, balconies, & gorgeous main foyer! All of this just 2 minutes away from downtown Cambridge, Costco, restaurants, entertainment and quick access to #401! Worry-free building. Enjoy convenience of in-suite laundry and the option for a garden plot to grow vegetables or flowers in the summer.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,000.39/mo

Includes CMHC insurance ($10,878)

$
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5%10%50%

5-yr fixed avg.

Principal: $350,910Interest: $238,329
Mortgage Amount$361,788
Total Interest$238,329
Est. Property Tax$276/mo
Total Cost$600,117

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

237 King Street Unit 808, Cambridge

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,520/mo
Range: $2,142 - $2,898
Cap Rate (ROI)
4.3%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,520
Maintenance Fees-$780
Property Tax (est.)-$276
Insurance (est.)-$81
Net Cash Flow+$1,383

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 $325/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.

Negotiation Opportunity

At 65 days on site, this property has exceeded the typical selling timeline for Cambridge. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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.

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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