$320,000 - 40 Tannery Street Unit 265, Cambridge
Condo for Sale in Cambridge
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- MLS Number
- X13808754
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Cambridge
- Taxes (2026)
- $2,465
- Maintenance Fees
- $586/mo
- Locker
- None
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- RE/MAX TWIN CITY REALTY INC.
Discover a different kind of condo living in the heart of Hespeler Village. Located at Village Square, 40 Tannery Street East, this distinctive two-storey condominium townhouse offers something increasingly hard to find: the privacy and separation of a traditional home combined with the convenience of a low-maintenance condominium lifestyle. Freshly painted and filled with natural light, the main level features a bright galley-style kitchen with white cabinetry, granite countertops, updated laminate flooring and a full complement of appliances. Just off the kitchen, the separate dining room creates a comfortable space for everyday meals or entertaining, while the spacious living room invites you to relax and unwind. One of the home's standout features is the walk-out from the living room to your own private open-air terrace. Surrounded by treetop views and open sky, it is a wonderful extension of the living space and an ideal spot for morning coffee, summer evenings or simply enjoying a little outdoor space of your own. A convenient two-piece powder room completes the main level. Upstairs, you'll find two comfortable bedrooms offering good natural light and plenty of room to create inviting personal spaces. The renovated four-piece bathroom features an updated vanity with storage and a refreshed tub and shower combination. A dedicated laundry and storage room with washer and dryer and storage. The setting is where this home truly comes to life. Step outside and Hespeler Village is at your doorstep. Forbes Park, the Hespeler Tennis Club, W.G. Johnson Centre, Speed River trails and the historic Idea Exchange library are all close by. Wander into the village for local restaurants, cafes and breweries, enjoy the Friday summer Hespeler Village Market, or take in community events including the popular Forbes Park Music Festival. With parks, recreation, trails, transit and the character of historic downtown Hespeler all within easy reach. Some pictures are Virtually Staged
Estimate your monthly payments for this property
Estimated Payment
$1,641.77/mo
Includes CMHC insurance ($8,928)
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.
40 Tannery Street Unit 265, 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 $320/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 16 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 $586/month fees should cover building insurance, common elements, and reserve contributions.
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.