Unit 109, 505 Margaret Street
Cambridge, ON N3H 0A6
Preston Meadows51 suites, built 2011- 2Bedrooms
- 1Bathroom
- 1Parking
- 600–699Sq Ft
- $2,643Tax
- $240/moCondo Fee
Estimated Value:$371,500See Free Estimate Report
Property not available for sale or for rent.
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for Unit 109, 505 Margaret Street, Cambridge
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-04-07 | 2026-04-24 | Login to See Prices | Sold | x12964082 |
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About Unit 109, 505 Margaret Street, Cambridge
Summarized Description
- Bright 2-bedroom condo in downtown area
- Open-concept layout with natural light
- Brand-new laminate flooring throughout
- Low monthly maintenance fee for affordability
- Quick access to major highways
- Community parks and amenities nearby
- Ideal for first-time buyers or downsizers
- Stylish and convenient living experience
Discover the perfect blend of downtown energy and small-community charm at 505 Margaret St, Unit 109. This bright and stylish 2-bedroom condo offers a warm, walkable lifestyle with Civic Park, Riverside Park, and the Grand River. Local shops, conveniences, and community amenities sit literally at your doorstep. Inside, you'll find an inviting open-concept layout featuring brand-new laminate flooring, freshly painted kitchen cabinets, and a modern laminate countertop. Large windows fill the space with natural light, creating a comfortable and airy feel throughout. The building offers fantastic amenities, including a guest suite for overnight visitors and a party room perfect for gatherings. This unit also includes one on-ground parking space and enjoys a low monthly maintenance fee, keeping ownership affordable. With quick access to the 401, this home is ideal for first-time buyers, professionals, or those looking to downsize without compromise. A stylish, affordable, and convenient lifestyle awaits-welcome home to Unit 109.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $2,643
- Land Transfer Tax Fee
- $2,974
Condo/Maintenance Fee
- Maintenance Fee
- $240 /month
Included In Maintenance Fee
- Building Insurance Included
- CAC Included
Rental Items
- Rental Equipment
- Hot Water Heater, Water Softener
- Basement Type
- None
Interior Features
- Pets Permitted
- Yes-with Restrictions
- Laundry Features
- In-Suite Laundry
- Interior Extras
- Water Heater, Water Softener
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Balcony
- Open
- Exterior Extras
- Controlled Entry
Building
- Building Type
- Condo Apartment
- Building Style
- 1 Storey/Apt
- Approx Age
- 11-15
- Condo Corp Number
- 518
Construction
- Exposure
- East
- Exterior Finish
- Brick, Stone
- Roof
- Tar and Gravel
- Foundation Details
- Poured Concrete
- Special Designation
- Unknown
Inclusions
- Inclusions
- Built-in Microwave, Dishwasher, Dryer, Refrigerator, Stove, Washer
Exclusions
- Exclusions
- Curtains in both bedrooms
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Type
- Exclusive
- Parking Spaces
- 1
- Total Garage And Parking Spaces
- 1
Lockers
- Locker Type
- None
Heating & Cooling
- Heat Source
- Electric
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Bedrooms
- 2
- Washrooms
- 1
- Kitchens
- 1
Room sizes
- Primary Bedroom—Main level
- Kitchen—Main level
- Living Room—Main level
- Bathroom—Main level
- Bedroom—Main level
Washrooms
- 4-piece
- Municipality
- Cambridge
- Main cross streets
- Dover Street
- Zoning
- R
- Directions
- WESTMINISTER/ EAGLE
- MLS® number
- X12964082
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-04-24
- Listed on
- 2026-04-07
- Days on market
- 17 days
- Possession type
- Flexible
- Co-op commission
- 2%
- Seller
- Listed by
- ENGEL & VOLKERS WATERLOO REGION
Home Market Value
Current home valuation for Unit 109, 505 Margaret Street, Cambridge, , . Listed for $299,900
HOMEH Estimate
$371,500
Estimated Sales Range
$290,232 - $452,768
HOMEH Estimate for Unit 109, 505 Margaret Street, Cambridge
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% of purchase price for homes $500K or less
$14,995
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $11,396 | $8,367 | $7,138 | $0 |
=Total mortgage | $296,301 | $278,277 | $262,053 | $239,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $1,447monthly | $1,359monthly | $1,279monthly | $1,171monthly |
Land Transfer Tax
$2,974
$2,974
Around this home
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