$634,336 - 50 Grand Avenue Unit 1702, Cambridge
Condo for Sale in Cambridge
New — Listed yesterday- MLS Number
- X13236896
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Cambridge
- Locker
- None
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- CORCORAN HORIZON REALTY
2 BED, 2 BATH CONDO UNIT AVAILABLE IN THE HIGHLY SOUGHT-AFTER GASLIGHT DISTRICT! This 1126 sq ft residence is nestled in the heart of Cambridge's emerging dining, entertainment, and cultural hub, promising a lifestyle of unparalleled convenience and modern luxury. As you step into this thoughtfully designed unit, you'll be greeted by generous 9-foot ceilings and an open-concept kitchen and dining area equipped with top-of-the-line appliances. Large windows allow natural light to flood the space, bathing the interior in warmth and inviting ambiance. In-suite laundry adds a practical touch, and premium finishes grace every corner of the unit. The open balcony (accessible from both kitchen and one of the bedrooms) is not only spacious but also offers breathtaking panoramic views of the city. For your convenience, this unit comes with an included underground parking spot, providing secure and easy access to your vehicle. Additionally, you'll enjoy exclusive access to the new Gaslight Condos amenities, including an exercise room, games room, study/library, and an expansive outdoor terrace with pergolas, fire pits, and BBQ areas overlooking Gaslight Square. Book your showing today and explore the potential of this beautiful living space. Don't miss this exceptional opportunity to live in one of Cambridge's most vibrant and desirable locations. Step out onto your private balcony and enjoy peaceful morning coffee or evening sunsets from above the city. Residents enjoy access to first-class amenities including a fitness center, rooftop terrace, party room, and concierge service. Just steps from trails, the Grand River, restaurants, cafes, shops, and public transit, this location offers a perfect balance of nature and convenience. Whether you're looking to upsize, downsize, or invest, Unit 1702 delivers modern comfort, a prime location, and an elevated lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$3,254.47/mo
Includes CMHC insurance ($17,698)
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.
50 Grand Avenue Unit 1702, 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 $634/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.
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 $2,643 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.