50 Grand Avenue Unit 1604, Cambridge

Price: $448,500

1 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Condo

MLS#: X13424296

Immediate possession! Located in the heart of the highly sought-after Gaslight District, this stylish Dickson Model offers 715 sq. ft. of thoughtfully designed living space with premium upgrades throughout. Enjoy stunning views of the Public Square and Grand River while you sip your morning coffee on your 113 sq. ft. balcony. The modern kitchen features an upgraded island and upgraded appliances, seamlessly flowing into the open-concept living area-ideal for both everyday living and entertaining. This suite includes one spacious bedroom, one bathroom, and the rare convenience of an EV-ready parking spot. Residents enjoy an exceptional collection of amenities, including guest suites, a library, fully equipped gym, yoga studio, and a stunning rooftop terrace with community BBQs. Additional highlights include beautifully appointed private event spaces-complete with kitchens, bathrooms, lounges, and fireplace-available for exclusive resident use. Overlooking the vibrant one-acre public square at the centre of the Gaslight District, you're steps from a dynamic mix of historic limestone architecture and modern cultural energy. Enjoy nearby dining at Foundry Tavern and The French, along with boutique shops, offices, public art installations, and large video screens hosting community events. A rare opportunity to live in one of Cambridge's most distinctive urban communities-where history, culture, and contemporary living come together.

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active
New Listing
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$448,500 - 50 Grand Avenue Unit 1604, Cambridge

Condo for Sale in Cambridge

New — Listed 3 days ago
1Beds
1Baths
700 - 1,099Sq Ft
Condo
Property Details
MLS Number
X13424296
Property Type
Condo
Status
active
Days on Site
3
Bedrooms
1
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
Cambridge
Locker
None
Exposure
East
Balcony
Open
Listing Brokerage
ROYAL LEPAGE WOLLE REALTY
Description

Immediate possession! Located in the heart of the highly sought-after Gaslight District, this stylish Dickson Model offers 715 sq. ft. of thoughtfully designed living space with premium upgrades throughout. Enjoy stunning views of the Public Square and Grand River while you sip your morning coffee on your 113 sq. ft. balcony. The modern kitchen features an upgraded island and upgraded appliances, seamlessly flowing into the open-concept living area-ideal for both everyday living and entertaining. This suite includes one spacious bedroom, one bathroom, and the rare convenience of an EV-ready parking spot. Residents enjoy an exceptional collection of amenities, including guest suites, a library, fully equipped gym, yoga studio, and a stunning rooftop terrace with community BBQs. Additional highlights include beautifully appointed private event spaces-complete with kitchens, bathrooms, lounges, and fireplace-available for exclusive resident use. Overlooking the vibrant one-acre public square at the centre of the Gaslight District, you're steps from a dynamic mix of historic limestone architecture and modern cultural energy. Enjoy nearby dining at Foundry Tavern and The French, along with boutique shops, offices, public art installations, and large video screens hosting community events. A rare opportunity to live in one of Cambridge's most distinctive urban communities-where history, culture, and contemporary living come together.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,301.04/mo

Includes CMHC insurance ($12,513)

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5-yr fixed avg.

Principal: $403,650Interest: $274,148
Mortgage Amount$416,163
Total Interest$274,148
Est. Property Tax$318/mo
Total Cost$690,311

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

50 Grand Avenue Unit 1604, Cambridge

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
2.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$455
Property Tax (est.)-$318
Insurance (est.)-$93
Net Cash Flow+$934

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 $641/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Cambridge's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 700 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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    50 Grand Avenue Unit 1604, Camb… — $448,500 | Battaglia Team