$675,000 - 53 Grosvenor Lane Unit n/a, Cambridge
Condo for Sale in Cambridge
- MLS Number
- X13152292
- Property Type
- Condo
- Status
- active
- Days on Site
- 24
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Cambridge
- Locker
- None
- Exposure
- West
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX TWIN CITY REALTY INC.
*OPEN HOUSE - SUNDAY, JUNE 14, 2:00-4:00 pm* Located in the heart of charming & historic Galt, this spacious corner 2+ bedroom townhome offers the perfect blend of urban convenience, character, & versatile living space. Just steps to downtown Cambridge, enjoy easy access to boutique shopping, restaurants, cafés, the Cambridge Farmers' Market, live theatre, festivals, scenic Grand River trails, & parks all while coming home to a peaceful, tucked-away setting w/mature greenery & private outdoor spaces. Thoughtfully designed across multiple finished levels, this inviting home features cherry hardwood flooring, generous principal rooms w/crown molding, & an open-concept layout ideal for everyday living and entertaining. The eat-in kitchen offers granite countertops, abundant cabinetry, white appliances & a walk-in pantry. The sun-filled living & dining area is warm & welcoming with a walkout to a large outdoor patio. Upstairs, the home offers two bedrooms, two full bathrooms and laundry for functionality. The generous primary retreat offers a spacious ensuite including a relaxing soaker tub. The top-floor loft is a truly standout feature with a rare & versatile bonus space complete with hardwood flooring, a cozy fireplace, & access to a private balcony with elevated neighbourhood views. Whether used as a family room, home office, guest retreat, creative studio, gym, or potential additional bedroom space, this level offers flexibility rarely found in townhome living. The lower level offers and additional spacious flex room ideal for a third bedroom, home office, gym, hobby room, or additional living area, along with a 2-piece bathroom, utility/storage space, & direct access to the attached garage. Outside, enjoy both a private fenced patio & beautifully landscaped garden area, adding charm & additional outdoor enjoyment to this exceptional home. A unique opportunity to enjoy spacious, low-maintenance living in one of Cambridge's most walkable & vibrant communities.
Estimate your monthly payments for this property
Estimated Payment
$3,463.10/mo
Includes CMHC insurance ($18,833)
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.
53 Grosvenor Lane Unit n/a, 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 $338/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 24 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.
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 $2,813 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.