85 Spruce Street Unit 112, Cambridge

Price: $429,900

1 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: X13215924

MODERN LOFT LIVING! Welcome to this stunning loft, where soaring 16ft ceilings and expansive windows create a bright, airy ambiance. Featuring polished concrete floors, exposed brick, ducts, pipes, and iron columns, this space seamlessly blends original character with modern sophistication. Set within a 1910 fabric weaving factory stylishly converted into loft-style residences, Unit #112 offers over 1,250 sqft of thoughtfully designed living space. This one-bedroom plus den unit includes two full bathrooms, with the upper primary suite featuring a private ensuite. The kitchen is a chef's dream, boasting an eat-in island, granite countertops, under-cabinet lighting, custom cabinetry, and stainless steel appliances. Above the den, a unique loft space-currently used as a gym-offers endless possibilities, from a cozy reading nook to a creative retreat. Additional conveniences include in-suite laundry, a private front door entry, one outdoor parking space, and a storage unit. Building amenities include a gym and party room. Perfectly located just steps from downtown, enjoy locally roasted coffee, boutique shops, the library, and a leisurely walk across the Grand River Pedestrian Bridge. You'll also find Gaslight and Spruce Park mere minutes away. Experience the perfect blend of history, charm, and modern living-this loft is truly one of a kind!

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$429,900 - 85 Spruce Street Unit 112, Cambridge

Condo for Sale in Cambridge

Popular Listing
1Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
X13215924
Property Type
Condo
Status
active
Days on Site
9
Bedrooms
1
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
Cambridge
Locker
Owned
Exposure
West
Balcony
None
Listing Brokerage
RE/MAX TWIN CITY FAISAL SUSIWALA REALTY
Description

MODERN LOFT LIVING! Welcome to this stunning loft, where soaring 16ft ceilings and expansive windows create a bright, airy ambiance. Featuring polished concrete floors, exposed brick, ducts, pipes, and iron columns, this space seamlessly blends original character with modern sophistication. Set within a 1910 fabric weaving factory stylishly converted into loft-style residences, Unit #112 offers over 1,250 sqft of thoughtfully designed living space. This one-bedroom plus den unit includes two full bathrooms, with the upper primary suite featuring a private ensuite. The kitchen is a chef's dream, boasting an eat-in island, granite countertops, under-cabinet lighting, custom cabinetry, and stainless steel appliances. Above the den, a unique loft space-currently used as a gym-offers endless possibilities, from a cozy reading nook to a creative retreat. Additional conveniences include in-suite laundry, a private front door entry, one outdoor parking space, and a storage unit. Building amenities include a gym and party room. Perfectly located just steps from downtown, enjoy locally roasted coffee, boutique shops, the library, and a leisurely walk across the Grand River Pedestrian Bridge. You'll also find Gaslight and Spruce Park mere minutes away. Experience the perfect blend of history, charm, and modern living-this loft is truly one of a kind!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,205.61/mo

Includes CMHC insurance ($11,994)

$
$
5%10%50%

5-yr fixed avg.

Principal: $386,910Interest: $262,779
Mortgage Amount$398,904
Total Interest$262,779
Est. Property Tax$305/mo
Total Cost$661,683

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

85 Spruce Street Unit 112, Cambridge

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,120/mo
Range: $1,802 - $2,438
Cap Rate (ROI)
2.6%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,120
Maintenance Fees-$780
Property Tax (est.)-$305
Insurance (est.)-$90
Net Cash Flow+$945

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 $358/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.

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.

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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    85 Spruce Street Unit 112, Camb… — $429,900 | Battaglia Team