$595,398 - 50 Grand Avenue Unit 801, Cambridge
Condo for Sale in Cambridge
- MLS Number
- X13150364
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Cambridge
- Locker
- None
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- CORCORAN HORIZON REALTY
Rare Two-Bedroom Corner Unit with an included parking space in the Coveted Gaslight District! Nestled in the heart of historic downtown Galt, this elegant two-bedroom, two-bathroom corner condo offers a perfect blend of style, comfort, and urban convenience. The highly sought-after Gaslight District combines residential, commercial, and cultural elements to create a vibrant and dynamic living experience. Step inside to find nine-foot painted ceilings, wide plank flooring, and premium finishes throughout. The modern kitchen is designed for both function and aesthetics, featuring sleek cabinetry, quartz countertops, a tile backsplash, an oversized island with an undermount sink and gooseneck faucet, and top-tier stainless steel appliances. The open-concept layout seamlessly connects the kitchen to the spacious living and dining areas, making it ideal for entertaining. Floor-to-ceiling windows and a generous balcony invite an abundance of natural light into the space. The primary suite is a private retreat, offering ample closet space, balcony access through sliding glass doors, and a spa-like four-piece ensuite with dual sinks and a walk-in shower. A second bedroom with expansive windows, a four-piece bath with a tub and shower combo, and in-suite laundry complete this impressive unit. Residents of Gaslight enjoy an array of premium amenities, including a stylish lobby with ample seating, secure video-monitored entry, a state-of-the-art fitness center with yoga and Pilates studios, and a game room with billiards, ping-pong, and a large TV. Additional features include a catering kitchen, a private dining room, a cozy reading area with a library, and an expansive outdoor terrace with seating areas, pergolas, fire pits, and a barbecue zone. Experience the best of modern living in one of Cambridge's most exciting communities!
Estimate your monthly payments for this property
Estimated Payment
$3,054.70/mo
Includes CMHC insurance ($16,612)
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 801, 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 $595/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.
Market Position
At 21 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.
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 $2,481 (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.