$749,900 - 85 Spruce Street Unit 212, Cambridge
Condo for Sale in Cambridge
58 days on market- MLS Number
- X13007782
- Property Type
- Condo
- Status
- active
- Days on Site
- 58
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 1,600 sqft
- Neighbourhood
- Cambridge
- Locker
- Owned
- Exposure
- North
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Welcome to one of Cambridge's most striking loft residences, set in a character-filled, century-old factory conversion on a quiet street, just steps to the Grand River, cafes, shops, and trails. This exceptional open-concept loft offers approximately 1,535 sq. ft. of living space, featuring soaring 17-foot ceilings, post and beam construction, exposed brick, and dramatic double-height windows that flood the home with natural light. The updated kitchen showcases quartz countertops, stainless steel appliances, gas range with electric oven, exterior-vented hood, roll-out shelving, and a large pantry. Extensively renovated throughout, the unit includes a fully redone main bath and an updated ensuite with rain shower. Additional upgrades include an enlarged front entry with hidden pantry/coat closet, custom bar and coffee station with built-in microwave, updated stair landing, Brazilian cherrywood floating staircase, custom fireplace, industrial-style ceiling fan, and all new window coverings including remote blackout blinds. The upper-level features wide plank cherrywood flooring, along with a customized wardrobe, added closet, and ceiling fan in the bedroom. Enjoy your private 450 sq. ft. terrace, fully fenced for added privacy, complete with a gas line for BBQ, perfect for entertaining. Includes two parking spaces and a large locker. A rare opportunity to own a truly unique loft in one of Cambridge's most desirable communities.
Estimate your monthly payments for this property
Estimated Payment
$3,847.38/mo
Includes CMHC insurance ($20,922)
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 212, 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 $469/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 58 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 $3,125 (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.