$699,900 - 50 Grand Avenue Unit 713, Cambridge
Condo for Sale in Cambridge
37 days on market- MLS Number
- X13578340
- Property Type
- Condo
- Status
- active
- Days on Site
- 37
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Cambridge
- Locker
- None
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- Keller Williams Home Group Realty
Elevated Riverside Living at 50 Grand - The Gaslight District. Welcome to The McCullough at 50 Grand, an exceptional corner suite offering approximately 1,165 sq. ft. of thoughtfully designed living space in one of Cambridge's most desirable addresses. This beautifully appointed 2-bedroom, 2-bathroom residence is perfectly positioned on the quiet side of the building, overlooking the Grand River and the iconic pedestrian bridge. Here, you'll wake to peaceful river views and unwind with spectacular sunsets, all while being just steps from the vibrant heart of Downtown Cambridge.----- The spacious open-concept layout is flooded with natural light from expansive windows that showcase the suite's premium corner location. Generous principal rooms, contemporary finishes, and an effortless flow create a home that is equally suited for entertaining or enjoying the relaxed riverside lifestyle. ---- The lifestyle at 50 Grand is truly second to none. Located next door to the Hamilton Family Theatre, you'll have world-class performances practically at your doorstep. Stroll to award-winning restaurants, stylish cafe's, artisan bakeries, boutique shopping, fitness studios, the Cambridge Farmers' Market, and scenic riverfront walking trails. From live music and festivals to evening cocktails on the plaza, the Gaslight District offers an unmatched urban lifestyle in a charming historic setting. Best of all, this premium riverside suite allows you to enjoy everything the Gaslight District has to offer without sacrificing peace and privacy. Set on the quiet side of the building, you'll appreciate the vibrant atmosphere when you choose it, while coming home to the tranquility of the river and the beautiful pedestrian bridge views. ----Come experience 50 Grand at the Gaslight for yourself!
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/mo
Includes CMHC insurance ($19,527)
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 713, 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 $700/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 37 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 $2,916 (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.