
Unit 201, 505 Margaret Street
Cambridge (Preston Centre), ON N3H 0A6
Preston Meadows51 suites, built 2011- 1Bedroom
- 1Bathroom
- 1Parking
- 700–799Sq Ft
- $2,608Tax
- $233/moCondo Fee
- Estimated Value:$414,000See Free Estimate Report

This listing has ended. It is no longer available.
Property not available for sale or for rent.
Sale & Price History for Unit 201, 505 Margaret Street, Cambridge, Preston Centre
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2025-03-01 | 2025-04-30 | Login to See Prices | Terminated | 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.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% of purchase price for homes $500K or less
$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 |
Land Transfer Tax
$5,475
$5,475
Around this home
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