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  • Ontario
  • Cambridge
  • 505 Margaret Street
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  • Sold Sold in Dec 2025
  • Condo Apt

412 - 505 Margaret Street

Cambridge
  • 2 Bedrooms
  • 1 Bathrooms
  • 0 Garage
  • Share
Sold Price: $ 415,000
4.01%
Listed Price: $ 399,000
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Key Facts About 412 - 505 Margaret Street, Cambridge

  • Tax $2,622 / 2024
  • Property Type Condo
  • Building Type Condo Apt
  • Building Style Multi-Level
  • Maintenance Fees $231.37
  • Size 700 - 799 feet²
  • Parking 0 garage, 1 parking
  • Listing # X12441543
  • Data Source PROPTX
  • Days on Market 74
  • Listed On 02/10/2025
  • Updated On 18/12/2025
  • Market Demand
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Description

TWO BEDROOM beautiful CORNER PENTHOUSE UNIT in the Most sought-after Preston Arbour neighbourhood of Cambridge.Spacious bedrooms with good-sized closets. Covered balcony off the living room adds to the enjoyment of the unit. Open concept unit with Vinyl Flooring all over. Nice upgraded kitchen. Bright and spacious Living/Dining room. Enjoy swimming in the Edward Newland Pool in front of the building in summer. Building amenities include visitor parking, party room and guest suite. Super location. Close to School, shops, restaurants, park, publi

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Property Details of 412 - 505 Margaret Street, Cambridge

Property

  • Property Type Condo Apt
  • Style Multi-Level
  • Municipality Cambridge

Inside

  • Bedrooms 2
  • Bathrooms 1
  • Kitchen 1
  • Rooms 5
  • Family Rooms N
  • Central Vac N
  • Fireplace N

Utilities

  • Cooling Central Air
  • Heating Type Forced Air
  • Heating Fuel Electric

Building

  • Size 700 - 799 feet²
  • Architecture Style Multi-Level
  • Exterior Feature Brick, Concrete

Parking

  • Drive Way Surface
  • Garage 0
  • Parking Places 1
  • Total Parking Places 1

Land

  • Cross Street King St E & Eagle St N

Features

  • Public Transit Y
  • Rec./Commun.Centre Y
  • School Y
  • School Bus Route Y

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Our Estimate

See Real Estate Market Trends in Cambridge

Estimated Rent

$ 2,306

Rental Yield

6.38%

School Score

7.2/10

Rental Score

5/5

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Rooms

Kitchen (2.72X2.64 metre)
Level: Main
Dining Room (4.88X3.48 metre)
Level: Main
Primary Bedroom (3.45X3.23 metre)
Level: Main
Bedroom 2 (2.74X2.62 metre)
Level: Main
Living Room (4.88X3.48 metre)
Level: Main
Bathroom (3 pcs)
Level: Main

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Expense Breakdown

Monthly Mortgage Payment

$0/monthly

30 Year , 3.99% interest

Cash Expenditure for Home Purchase

$1,100

  • Downpayment
    $0
  • PST on Mortgage Insurance
    $0
  • Land Transfer Tax
    $0
  • Lawyer Fees
    $1,000
  • Title Insurance
    $0
  • Estoppel Certificate Fee
    $100

Monthly Expenses After Home Purchase

$800

  • Mortgage Payment
    $0
  • Property Insurance
    $50
  • Property Tax
    $250
  • Phone
    $40
  • Monthly debt payments
    $0
  • Cable
    $60
  • Utilities
    $124
  • Internet
    $45
  • Maintenance Fees
    $231
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MLS® Trusted listing from Toronto Real Estate Board The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.

Copyright:© The Canadian Home Realty Inc. All rights reserved. The Canadian Home Realty Inc is a registered real estate brokerage.

About 412 - 505 Margaret Street, Cambridge

Welcome to your new home at 505 Margaret Street, Cambridge! This delightful condo for sale in Cambridge is nestled in the highly sought-after Preston Arbour neighbourhood, known for its vibrant community and convenient amenities. If you’re looking for a spacious and stylish living space, this two-bedroom condo is just the ticket.

As you step inside, you’ll immediately appreciate the open-concept layout that maximises the space. The main living area features lovely vinyl flooring throughout, giving it a modern and sleek finish. The bright and airy living/dining room is perfect for entertaining friends or simply relaxing after a long day. Imagine enjoying a cup of tea while soaking in the natural light that floods through the windows. The covered balcony off the living room is a lovely addition, offering a perfect spot to unwind and enjoy the fresh air, making this condo for sale in Cambridge a truly inviting place to call home.

The kitchen is another highlight of this property. It’s been nicely upgraded and is well-equipped for all your culinary adventures. Whether you’re whipping up a quick breakfast or preparing a feast for family and friends, you’ll find this kitchen to be both functional and stylish. With two spacious bedrooms, each boasting good-sized closets, you’ll have plenty of room for all your belongings. The layout of the condo ensures that you have the privacy you need, while still enjoying the communal aspects of condo living.

One of the perks of living at 505 Margaret Street, Cambridge, is the fantastic building amenities. Although there isn’t a pool in the unit itself, you can enjoy swimming in the Edward Newland Pool, conveniently located just in front of the building. It’s a great way to cool off during those hot summer days! The building also features visitor parking, a party room, and a guest suite, making it perfect for hosting friends and family.

While this condo for sale in Cambridge doesn’t come with a garage, it does offer a designated parking space, ensuring you’ll never have to worry about finding a spot. The forced air heating system will keep you warm and cosy during the cooler months, while the central air conditioning will help you stay comfortable in the summer heat.

Location is everything, and this property certainly doesn’t disappoint. Situated close to schools, shops, restaurants, and parks, you’ll find that everything you need is just a stone’s throw away. Public transit is easily accessible, and if you’re commuting, the five-minute drive to Highway 401 makes this condo for sale in Cambridge an ideal choice for those who need to travel regularly.

It’s worth noting that this condo is unfurnished, allowing you the freedom to style it to your taste. With no additional land or basement, the focus is entirely on the spacious living area and the fantastic amenities the building has to offer.

If you’re searching for a place that embodies the essence of modern living while still being part of a vibrant community, look no further than 505 Margaret Street, Cambridge. This condo for sale in Cambridge won’t last long on the market, so be sure to bring your best offer! It’s time to embrace the freedom and convenience that come with condo living in one of the best locations in Cambridge. Don’t miss out on this incredible opportunity to make this beautiful condo your new home!

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest option is Preston Public School, just 0.2 km away, which offers elementary education from Junior Kindergarten to Grade 6, with a respectable school rating of 6.6. For older elementary students, William G. Davis Public School is 1.2 km away, catering to Grades 7 and 8, though it has a lower rating of 2.3. Secondary education is provided by Preston High School, located 1.4 km from the property, with a rating of 6. This school offers Grades 9 to 12. Additionally, Galt Collegiate Institute, 4.7 km away, offers secondary education in French with a rating of 6.1. For those interested in Catholic education, St. Michael Catholic Elementary School is 1.1 km away and serves Grades JK to 8 with a rating of 5.7, while St. Benedict Catholic Secondary School, 4.7 km away, offers Grades 9 to 12 with a rating of 5.9. Overall, the area provides a variety of schooling options, both public and Catholic, in close proximity, catering to diverse educational needs.

FAQs About 412 - 505 Margaret Street, Cambridge

How many bathrooms does this property have?

This property features 1 bathroom(s) and 2 bedroom(s).

Does this 2 bedroom property have additional bedrooms or a den?

This Condo Apt property does not have an additional bedroom or a den.

What is the square footage (sqft) of this Condo Apt property?

The total square footage of this Condo Apt 2 bed property in Cambridge is 700 - 799.

How many parking spaces are available with this property?

505 Margaret Street boasts 1 convenient parking spaces.

How many cars can be parked in the garage of 505 Margaret Street?

This property does not feature a garage.

What type of garage does this property have?

Information about the garage type is not provided.

Does this property have a basement?

There is no basement in this property.

What type of basement is it?

Information about basement type is not available.

Does this property have a swimming pool?

It is not specified whether this property has a swimming pool.

Does this property have a fireplace?

There is no fireplace in this property.

How many kitchens does this property have?

This property includes 1 kitchen(s).

Is there a maintenance fee associated with this property?

Yes, it has an annual maintenance fee of $231.37.

Is this property furnished?

Information about whether this property is furnished is not available.

What type of heating system is in place?

The heating system in place is a Forced Air.

What utilities are available for this property?

Information about utilities is not available.

School Rating for 412 - 505 Margaret Street, Cambridge

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Listing History

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