$899,747 - 25 Concession Street Unit 201, Cambridge
Condo for Sale in Cambridge
102 days on market- MLS Number
- X12476253
- Property Type
- Condo
- Status
- active
- Days on Site
- 102
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Cambridge
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
This Stunning One of a Kind Corner Penthouse Loft is one of the larger Lofts in the Waterloo area and is located at the edge of the Grand River & offers Soaring 2 Story Ceilings with Oversized Windows That Flood The Home With Natural Sunlight. Original Wood Beams ,Gorgeous Stone Walls Give A New York City Vibe To this fabulous space, wood floors on main level with in floor heating, upgraded Kitchen offers Quartz Countertops, ss appliances, tile backsplash under vallance lighting & Seating For 4 At The Breakfast Bar, dining room offers custom cabinets with pantry quartz countertop & b/I wine fridge, cozy gas fireplace in Living room, Upstairs You Find A Large 2-Room Primary Suite With A Sitting Area, vaulted ceiling & custom Closet, 3 piece ensuite bath with quartz counters & large glass shower, both upper level bathrooms have heated towel racks, Spacious 2nd Bedroom, Den Area That Works Great As A Home Office. Explore downtown's delights from artisanal coffee shops to chic boutiques, restaurants shopping & cultural experiences at Gaslight District. Live music events are just steps away. Surrounded by scenic walking trails breathtaking views of the Grand River, this home invites you to enjoy luxury living at its finest & more!
Estimate your monthly payments for this property
Estimated Payment
$4,616.17/mo
Includes CMHC insurance ($25,103)
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.
25 Concession Street Unit 201, 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 $450/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 102 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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.
Investment Perspective
Looking at this as an investment: Cambridge properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,749 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.