$640,000 - 50 Grand Avenue Unit 1002, Cambridge
Condo for Sale in Cambridge
41 days on market- MLS Number
- X13558056
- Property Type
- Condo
- Status
- active
- Days on Site
- 41
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Cambridge
- Locker
- None
- Exposure
- West
- Balcony
- Terrace
- Listing Brokerage
- EXP REALTY
Immaculate 2-bedroom, 2-bathroom CORNER unit condo with a large terrace in Cambridge's sought-after Gaslight District! Offering 1,126 sq. ft. of luxurious living space, this bright open-concept suite features 9-foot ceilings, modern finishes, and an abundance of natural light throughout. The oversized kitchen is equipped with premium black stainless steel appliances, quartz countertops and plenty of cabinet space. The inviting living room showcases Large windows and a beautiful floating Media wall unit, perfect for entertaining. This home boasts Custom motorized blinds throughout the entire unit! The expansive terrace offers exceptional outdoor living. The primary bedroom features a spacious 4-piece ensuite with double sinks, while the second bedroom is also spacious. An additional 3-piece bathroom, and convenient in-suite laundry complete the thoughtfully designed layout. One secure underground parking space is included. Residents enjoy exceptional resort-style amenities, including a concierge, fitness centre with yoga studio, party and games rooms, business centre with a cozy library, Wi-Fi throughout the building, bike storage, mail and parcel rooms, and beautifully designed outdoor terraces featuring fire pits, hammocks, BBQs, and seating areas. Located in the heart of historic downtown Cambridge, you're just steps from incredible restaurants, shopping, entertainment, and everything the vibrant Gaslight District has to offer. Book your private tour today!
Estimate your monthly payments for this property
Estimated Payment
$3,283.53/mo
Includes CMHC insurance ($17,856)
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.
50 Grand Avenue Unit 1002, 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 $640/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 41 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. We'll want to verify the monthly fees and what they include.
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 $2,667 (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.