$649,000 - 85 Spruce Street Unit 103, Cambridge
Condo for Sale in Cambridge
78 days on market- MLS Number
- X12936286
- Property Type
- Condo
- Status
- active
- Days on Site
- 78
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,600 sqft
- Neighbourhood
- Cambridge
- Locker
- Exclusive
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- COLDWELL BANKER THE REAL ESTATE CENTRE
Spruce Street Lofts presents a unique opportunity to own a piece of Galt's industrial history. This 1,691 sq. ft. updated warehouse conversion strikes a bold balance between raw materials and polished finishes, featuring striking cement floors and original brickwork under towering ceilings. The expansive open-concept layout is a centerpiece of modern function, seamlessly connecting a gourmet kitchen-boasting premium quartz countertops, modern painted cabinetry, stainless steel appliances, and an oversized island-to the sun-filled dining and lounge areas. This airy flow is perfect for entertaining, with wall-to-wall windows framing the urban landscape. Privacy remains paramount, with the building nestled in a quiet residential pocket bordering a park, yet located only minutes from the city's premier arts, dining, and yoga studios. High-end updates abound, from the designer lighting throughout to the spa-inspired bathroom with its deep soaker tub. Featuring secure underground parking and a rare private back patio, this loft offers the scale of a house with the effortless lifestyle of downtown condo living.
Estimate your monthly payments for this property
Estimated Payment
$3,329.71/mo
Includes CMHC insurance ($18,107)
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.
85 Spruce Street Unit 103, 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 $406/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 78 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.
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 $2,704 (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.