Re-listed 16 days ago

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

In the same building:
-
Condo
1
1
~713 sqft
$•••,•••
$430,000
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Condo
1
1
~713 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$603/sqft

Est. Mortgage$1,847/mo

Tax Amount (2024)$2,608/yr

Maintenance fees$233/mo

Days On Market16 days

Total Days On Market117 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 office/hybrid work, 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 pockets. Your next move starts here!


Property Details

Style1 Storey/Apt
View-
Age of property2013
SqFt~713 SqFt
Lot Size-
Parking Spaces1
MLS ®Number40739434
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

Bedroom

3.66 x 4.29


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
$•••,•••
16 days on market
history photo preview33
Listing by itso®
Property listed by THE AGENCY, Brokerage

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Market Data - Central Park

Geo Zone Map ThumbnailCentral Park

Strong 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

0 day

Compared to

2024

0 day

2023

7 days

2022

14 days

New Listings

Past 30 days

1 listing

Compared to

2024

2 listings

2023

3 listings

2022

3 listings

Units sold

Past 30 days

0 unit

Compared to

2024

0 unit

2023

1 unit

2022

1 unit

Median Sold Price

Past 30 days

$0

Compared to

2023

$665,000

2022

$570,000


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%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget