Re-listed 1 day ago

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

In the same building:
-
Condo
1
1
~713 sqft
$•••,•••
$444,999
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Condo
1
1
~713 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$624/sqft

Est. Mortgage$1,911/mo

Tax Amount (2024)$2,608/yr

Maintenance fees$233/mo

Days On Market1 day

Total Days On Market55 days


Description

Bright West-Facing Condo - Perfect for First-Time Buyers, Investors & Down-Sizers. 763 sq ft | 1 Bed + Den | Private Balcony | Low Fees. Discover this exceptional urban retreat in one of the area's most prestigious buildings. This efficiently designed 763 sq ft condo features an open concept layout that maximizes space and functionality while providing a surprisingly spacious feel throughout. First-time buyers will appreciate the attainable entry point into homeownership with move-in ready condition, six quality appliances included, and budget-friendly low maintenance fees. The stylish California shutters throughout add immediate value and sophisticated charm to every room, eliminating the need for window treatments. Investors will recognize the strong rental potential of this highly desirable floor plan in a prime location that consistently attracts quality tenants. The versatile den increases market appeal, while the historically strong appreciation in this sought-after development combined with impressively low carrying costs enhances your return on investment from day one. Down-sizers will enjoy the thoughtfully designed space that feels surprisingly spacious despite its efficient footprint. The private west-facing balcony extends your living area outdoors with beautiful sunset views, while the versatile den perfectly accommodates treasured belongings or continuing beloved hobbies in your new, maintenance-free lifestyle where building amenities replace yard work and home repairs. Bathed in natural light throughout the day, this bright condo offers convenient access to shopping, dining, entertainment, and transit options. The surprisingly low condo fees create an exceptional opportunity rarely found in today's competitive market. Don't miss this chance to own in one of the neighbourhood's most sought-after buildings, offering the perfect combination of value, location, and comfort for any lifestyle. Schedule your private viewing today!


Property Details

Style1 Storey/Apt
View-
Age of property2013
SqFt~713 SqFt
Lot Size-
Parking Spaces1
MLS ®Number40720968
Community NameCentral Park
Data SourceITSO
Listing byTHE AGENCY

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

Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
1 day on market
history photo preview37
Listing by itso®
Property listed by THE AGENCY, Brokerage

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Market Data - Central Park

Geo Zone Map ThumbnailCentral Park

Seller's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

13 days

Compared to

2024

13 days

2023

15 days

2022

5 days

New Listings

Past 30 days

3 listings

Compared to

2024

3 listings

2023

1 listing

2022

2 listings

Units sold

Past 30 days

1 unit

Compared to

2024

1 unit

2023

1 unit

2022

1 unit

Median Sold Price

Past 30 days

$690,000

Compared to

2024

$544,900

2023

$420,000

2022

$860,000


Population and Demographics

Overview

Total population 8915
Average household income $101,055

Age (%)

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

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%

Schools and amenities

Estimated Budget