Re-listed 12 days ago

505 Margaret St #201, Cambridge, Ontario N3H 0A6

In the same building:
-
Condo
1
1
~713 sqft
$•••,•••
$425,000
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Condo
1
1
~713 sqft

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Highlights

Property Estimate

Days on market12 days

Total days on market
137 days

Estimated valueNot available

Price/Sqft$596/sqft

Monthly cost

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CMA Subject Property

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+1

Properties sold*

$660K

Median sold price*

*Based on last 30 days

Description

Affordable + Adorable in Preston! This beautifully updated 1-bedroom + den unit is perfect for first-time buyers, downsizers, or investors looking for serious value – and here’s the kicker: low condo fees that won’t crush your budget. Enjoy modern finishes, a private balcony, in-suite laundry, and a functional layout in a well-maintained building close to trails, transit, shopping and Hwy 401. First-Time Buyers: Skip the renos and dive into homeownership with confidence! This move-in-ready suite offers open-concept living, sleek hardwood floors, quartz counters, and a neutral colour palette – the perfect canvas to make your own. A bonus den is an ideal space for a dining room or an office, and the spacious living room leads to a private balcony – your own peaceful outdoor escape. Downsizers: Say goodbye to stairs and upkeep – this second-floor unit offers the perfect blend of comfort and convenience. Just steps from the elevator, with easy access to the parking garage, getting in and out is a breeze, whether you’re carrying groceries or greeting guests. Enjoy a modern, low-maintenance lifestyle with a stylish kitchen, spacious primary bedroom, and peaceful layout that makes every day feel effortless. Investors: This turnkey rental offers a functional layout, in-demand finishes, and a location close to trails, transit, shopping, and Hwy 401 – everything tenants and future buyers want. Professionally managed with low monthly fees for easy cash flow. Extras include stainless steel appliances, in-suite laundry, a bright 4-piece bath, and a sunlit balcony with room for a bistro set and bbq. Whether you're starting out, simplifying, or investing smart – this one checks all the boxes. Don’t miss your opportunity to own in one of Preston’s most convenient and commuter-friendly locations. Your next move starts here!


Property Details

Style1 Storey/Apt
View-
Age of property2013
SqFt~713 SqFt
Lot Size-
Parking Spaces1
MLS ®Number40747844
Community NameCentral Park
Data SourceITSO
Listing byEXP REALTY

Features

Heating: Forced Air, Natural Gas
Cooling: Central Air

Main Floor

Bathroom

2.41 x 1.55

4-Piece

Den

2.21 x 3.20

Kitchen

2.95 x 3.66

Living Room

4.72 x 3.66


Features

Sewer (Municipal)

Parking

Garage spaces 1

Garage type -

Other parking spaces 0

Total parking spaces 1


Amenities

Elevator(s), Guest Suites, Party Room, Parking

Inclusions
Hydro
Water
Parking
Cable
Heat

Market Data - Central Park

Geo Zone Map ThumbnailCentral Park

Balanced Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

106 days

Compared to

2024

45 days

2023

17 days

2022

15 days

New Listings

Past 30 days

3 listings

Compared to

2024

2 listings

2023

1 listing

2022

5 listings

Units sold

Past 30 days

1 unit

Compared to

2024

1 unit

2023

1 unit

2022

3 units

Median Sold Price

Past 30 days

$645,000

Compared to

2024

$660,000

2023

$535,000

2022

$465,000


Population and Demographics

Overview

Total population 8915
Average household income $101,055

Age (%)

0 to 19
18%
20 to 34
21%
35 to 49
18%
50 to 64
21%
65 and plus
21%

Household composition (%)

Single family
56%
Single person
38%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
91%
Others
4%
Portuguese
2%
French
1%

House tenancy (%)

Owners
54%
Renters
46%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget