155 Water Street Unit 203, Cambridge

Price: $399,900

2 bedrooms, 2 bathrooms

800 sqft

Property Type: Condo

MLS#: X13666932

CAREFREE LIVING AT ITS FINEST! This premium 2 bedroom move in ready unit features beautiful hardwood and ceramic flooring throughout. Open concept main floor with a large kitchen complete with all stainless steel appliances. The primary bedroom features a large walk in closet and a full ensuite. Sliding glass doors leads to a massive patio ideal for relaxing or entertaining. In suite laundry and a secure underground parking spot. Seconds to the grand river trails and walking distance to the gas light district makes this a perfect location! Don't miss this opportunity!

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$399,900 - 155 Water Street Unit 203, Cambridge

Condo for Sale in Cambridge

Popular Listing
2Beds
2Baths
800Sq Ft
Condo
Property Details
MLS Number
X13666932
Property Type
Condo
Status
active
Days on Site
12
Bedrooms
2
Bathrooms
2
Square Feet
800 sqft
Neighbourhood
Cambridge
Locker
None
Exposure
North
Balcony
Open
Listing Brokerage
RE/MAX TWIN CITY REALTY INC.
Description

CAREFREE LIVING AT ITS FINEST! This premium 2 bedroom move in ready unit features beautiful hardwood and ceramic flooring throughout. Open concept main floor with a large kitchen complete with all stainless steel appliances. The primary bedroom features a large walk in closet and a full ensuite. Sliding glass doors leads to a massive patio ideal for relaxing or entertaining. In suite laundry and a secure underground parking spot. Seconds to the grand river trails and walking distance to the gas light district makes this a perfect location! Don't miss this opportunity!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,051.69/mo

Includes CMHC insurance ($11,157)

$
$
5%10%50%

5-yr fixed avg.

Principal: $359,910Interest: $244,441
Mortgage Amount$371,067
Total Interest$244,441
Est. Property Tax$283/mo
Total Cost$615,508

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.

Ready to get pre-approved?

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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

155 Water Street Unit 203, Cambridge

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
3.9%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$283
Insurance (est.)-$83
Net Cash Flow+$1,314

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 $500/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.

Efficient Living

At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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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    155 Water Street Unit 203, Cambridge | $399,900 | Battaglia Team