Year Built
196
Mid-Rise Condo
Gaslight Condos II
by HIP Developments
50 Grand Avenue South, Cambridge, ON N1S 0C2
Total Units
196
Avg $/sqft
$602
Storeys
20
Available Units in Gaslight Condos II
0
Units for sale
0
Units for rent
Live MLS · Updated daily
Overview
Anyone who’s seeking a Cambridge condo for sale should consider Gaslight Condos II at 50 Grand Avenue South. HIP Developments completed this building back in 196, but unlike other buildings of that age, maintenance fees are below average at $0.57 per-square-foot. The 20-storey building is home to 196 suites with units ranging between 549 and 2028 square feet.
Maintenance fees are $0.57 per-square-foot, which is lower than the neighbourhood average of $0.76 per-square-foot.
Developer
HIP Developments
Year Built
196
Property Type
Mid-Rise Condo
Storeys
20
Total Units
196
Management
Wilson Blanchard Property Management
Amenities
Underground Parking
Games Room
Fitness Centre
Rooftop Garden
Visitor Parking
Party Room
Bike Storage
24/7 Concierge
Price History
55 recordsLoading history…
Market Stats
Prices in Gaslight Condos II are down 13.5% compared to last year.
$602
Avg $/sqft
-13.5%
YoY change
34
Avg days on market
Location & Walkability
Walk Score
—/100
Daily errands on foot
Transit Score
—/100
TTC, GO, subway access
Bike Score
—/100
Bike lanes & infrastructure
Neighbourhood in Cambridge
Downtown Cambridge
community-oriented affordable family-friendly
Downtown Cambridge is a vibrant neighbourhood with a mix of residential and commercial spaces. It offers a variety of amenities and a community-focused atmosphere.
Median home price is $499,900 Median rent is $2,200 Diverse housing options available Good schools with an average rating of 5.5 Close to parks and recreational spaces
At a glance
Day to dayLivability
5.5
Schools near listings
out of 10 · averaged over 122 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$499,900
28% below Cambridge 29% below Ontario
In Downtown Cambridge
$499,900
In Cambridge
$699,000
In Ontario
$704,900
Median monthly rent
$2,200/mo
15% below Cambridge 12% below Ontario
In Downtown Cambridge
$2,200
In Cambridge
$2,600
In Ontario
$2,500
≈ 18.9 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
24
Median $499,900
Houses 13 · Condos 11
For rent
5
Median $2,200
Recently sold
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Recently leased
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Market data as of 2026-10-28. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Affordable compared to city averages
- Strong sense of community
- Good access to schools
- Variety of restaurants and cafes
Keep in mind
- Limited public transit options
- Higher renter strain percentage
The feel of the placeLifestyle
Daily life in Downtown Cambridge is relaxed, with easy access to local shops and parks. The neighbourhood is family-friendly and welcoming.
Great for first-time buyers families young professionals
Within the boundaryWhat's nearby
The boundary
3.1 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
12
Parks
7
Playgrounds
2
Grocery stores
10
Restaurants
4
Cafés
2
Libraries
1
Pharmacies
Counted across all 3.1 km² of Downtown Cambridge. From OpenStreetMap, as of 2026-10-26.
The schoolsWhich schools, and how they rate
4.8/10
Average rating of the 3 rated schools in this area
3
Elementary
1
Secondary
Galt Collegiate and Vocational Institute
Public · Grades 9–12 · Waterloo Region DSB
5.9/105.9 over 5 yrs401st of 742 Ontario secondary schools
960 students · EQAO 2024-2025
Central Public School
Public · Grades JK–6 · Waterloo Region DSB
4.7/104.4 over 5 yrs2,322nd of 3,045 Ontario elementary schools
255 students · EQAO 2024-2025
Manchester Public School
Public · Grades JK–6 · Waterloo Region DSB
3.8/103.8 over 5 yrs2,642nd of 3,045 Ontario elementary schools
340 students · EQAO 2024-2025
Hatts Off School
Public · Grades K–12 · Waterloo Region DSB
Not rated
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Downtown Cambridge, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
6,592
Population (2021)
2.4 km²
Area
2,748
People per km²
44.3
Median age
$66,186
Median income
42%
Own their home
2
People per household
3,280
Households
Every age
- Children (under 15)11.6%
- Working age (15–64)67.5%
- Seniors (65+)20.9%
What is built here
- Detached houses28.5%
- Semi-detached5.1%
- Townhouses5.6%
- Duplexes7.9%
- Low-rise apartments30.6%
- High-rise apartments21.1%
- Other attached homes1.2%
Own or rent
42%Owners
58%Renters
Across 3,280 households
When it was built
Mostly 1960 or earlier
- 1960 or earlier52%
- 1961–198020%
- 1981–19905%
- 1991–20005%
- 2001–20053%
- 2006–20106%
- 2011–20153%
- 2016–20215%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 21.7%
- Born outside Canada
- 19.4%
- Hold a degree or higher
- 53.1%
- Employment rate
- 4.2%
- Commute by transit
- 89.6%
- Commute by car
- 1.6
- Children per family
- $59,256
- Median income after tax
- $78,960
- Average household income
- 14%
- Living on a low income
- $1,167/mo
- Renters pay, per month
- $1,304/mo
- Owners pay, per month
- $537,274
- Median home value at census
- 33.4%
- Renters spending 30%+ of income on housing
- 21.7%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 11 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap
