$525,000 - 24 Cedar Street Unit 106, Cambridge
Condo for Sale in Cambridge
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- MLS Number
- X13783864
- Property Type
- Condo
- Status
- active
- Days on Site
- 22
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Cambridge
- Taxes (2026)
- $4,673
- Maintenance Fees
- $544/mo
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- Red And White Realty Inc
Welcome to Blacksmith Lofts, where character, space and an incredible Downtown Galt location come together! This spacious 1-bedroom plus den, 1.5-bathroom condo offers nearly 1,000 sq. ft. of living space and impressive 13-foot ceilings that create an open, airy feel from the moment you walk in.The thoughtfully designed layout offers plenty of room to live, work and entertain. The versatile den provides the perfect space for a home office, guest area or additional sitting room, while fantastic storage throughout the unit-including unique elevated storage spaces with custom ladders for easy access-makes excellent use of the soaring ceiling height.One parking space is included, and residents also enjoy access to the building's rooftop patio, offering another great space to relax and enjoy the outdoors.Best of all, you're just steps from the Gaslight District and the heart of Downtown Galt, with restaurants, cafes, shops, trails, entertainment and the Grand River all close by.Whether you're a first-time buyer, downsizer or simply looking for something with more character than the average condo, this unique loft-style home offers an incredible combination of space, personality, storage and a walkable downtown lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$2,693.52/mo
Includes CMHC insurance ($14,648)
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.
24 Cedar Street Unit 106, 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 $583/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.
Market Position
At 22 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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. The $544/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 900 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.
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 $2,188 (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.