Was listed for:Terminated Apr 30, 2025
$450,000

Unit 201, 505 Margaret Street

Cambridge (Preston Centre), ON N3H 0A6

Common Element Condo TerminatedNot available
Preston Meadows exteriorPreston Meadows51 suites, built 2011

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Property not available for sale or for rent.

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Sale & Price History for Unit 201, 505 Margaret Street, Cambridge, Preston Centre

2025-03-01
2025-04-30
Terminated
Price
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MLS#
x12001646

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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 201, 505 Margaret Street, Cambridge, Preston Centre

Bright West-Facing Condo - Perfect for First-Time Buyers, Investors & Down-Sizers. 763 sq ft | 1 Bed + Den | Private Balcony | Low Fees. Discover this exceptional urban retreat in one of the area's most prestigious buildings. This efficiently designed 763 sq ft condo features an open concept layout that maximizes space and functionality while providing a surprisingly spacious feel throughout. First-time buyers will appreciate the attainable entry point into homeownership with move-in ready condition, six quality appliances included, and budget-friendly low maintenance fees. The stylish California shutters throughout add immediate value and sophisticated charm to every room, eliminating the need for window treatments. Investors will recognize the strong rental potential of this highly desirable floor plan in a prime location that consistently attracts quality tenants. The versatile den increases market appeal, while the historically strong appreciation in this sought-after development combined with impressively low carrying costs enhances your return on investment from day one. Down-sizers will enjoy the thoughtfully designed space that feels surprisingly spacious despite its efficient footprint. The private west-facing balcony extends your living area outdoors with beautiful sunset views, while the versatile den perfectly accommodates treasured belongings or continuing beloved hobbies in your new, maintenance-free lifestyle where building amenities replace yard work and home repairs. Bathed in natural light throughout the day, this bright condo offers convenient access to shopping, dining, entertainment, and transit options. The surprisingly low condo fees create an exceptional opportunity rarely found in today's competitive market. Don't miss this chance to own in one of the neighbourhood's most sought-after buildings, offering the perfect combination of value, location, and comfort for any lifestyle. **INTERBOARD LISTING: CORNERSTONE - WATERLOO REGION**

Key Facts & Features

Property Costs

Annual Property Tax Amount
$2,608
Land Transfer Tax Fee
$5,475

Condo/Maintenance Fee

Maintenance Fee
$233 /month

Included In Maintenance Fee

  • Common Elements Included
  • Building Insurance Included
  • Parking Included

Rental Items

Rental Equipment
Hot Water Tank
Under Contract
Hot Water Tank-Gas

Basement Type
None

Interior Features

Pets Permitted
Yes-with Restrictions
Laundry Features
In-Suite Laundry
Laundry Level
Main Level
Interior Extras
Auto Garage Door Remote, Intercom, Water Heater, Water Softener
Security Features
Security System
Fireplace/Stove
No
Elevator
Yes

Exterior Features

Balcony
Open

Building Amenities

  • Bike Storage
  • Guest Suites
  • Party Room/Meeting Room
  • Visitor Parking

Building

Building Type
Common Element Condo
Building Style
Apartment
Building Name
Preston Meadows
Approx Age
11-15
Condo Corp Number
518

Construction

Exposure
West
Exterior Finish
Brick, Stone
Roof
Asphalt Shingle
Foundation Details
Concrete
Special Designation
Unknown

Inclusions

Inclusions
Built-in Microwave, Dishwasher, Dryer, Garage Door Opener, Refrigerator, Stove, Washer

Exclusions

Exclusions
None

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
Gas
Heat Type
Forced Air
Air Conditioning
Central Air

Bedrooms
1
Washrooms
1
Kitchens
1

Room sizes

  • Bathroom—
    Flat level, 4 Pc Bath
  • Bedroom—
    Flat level
  • Dining Room—
    Flat level
  • Kitchen—
    Flat level
  • Living Room—
    Flat level
  • Laundry—
    Flat level

Washrooms

  • 3-piece, Flat

Municipality
Cambridge
Neighbourhood
Preston Centre
Main cross streets
Westminster St
Zoning
RM3
Directions
EAGLE ST. TO WILLIAM ST TO DOVER ST N TO MARGARET ST.

MLS® number
X12001646
Data source
Toronto Regional Real Estate Board
Status change
2025-04-30
Listed on
2025-03-01
Days on market
60 days
Possession type
Immediate
Co-op commission
2.0% + HST
Seller
Listed by
THE AGENCY

Home Market Value

Current home valuation for Unit 201, 505 Margaret Street, Cambridge, Preston Centre, Cambridge, ON. Listed for $450,000

HOMEH Estimate

?

$414,000

Estimated Sales Range

?

$327,060 - $500,940

HOMEH Estimate for Unit 201, 505 Margaret Street, Cambridge, Preston Centre

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$414,000Medium confidence
Based on 3 comparable properties
+ $36,000 (9%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Cambridge, ON
Minimum Down Payment Required:5.0%

5% of purchase price for homes $500K or less

Minimum down payment

$22,500

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$17,100$12,555$10,710$0
=Total mortgage
$444,600$417,555$393,210$360,000
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$2,171monthly$2,039monthly$1,920monthly$1,758monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$5,475

Total Land Transfer Tax

$5,475

Around this home

7/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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6.6 /10

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Public·elementary·300m

4.4 /10

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