Sold for:Sold May 28, 2025
$439,900

Unit 401, 505 Margaret Street

Cambridge, ON N3H 0A6

Condo Apartment SoldNot available
Preston Meadows exteriorPreston Meadows51 suites, built 2011

Property not available for sale or for rent.

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Sale & Price History for Unit 401, 505 Margaret Street, Cambridge

2025-03-13
2025-05-28
Sold
Price
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MLS#
x12051384

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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 401, 505 Margaret Street, Cambridge

Tastefully designed. Beautifully updated. Low condo fees. AND underground parking. Located on the top floor, suite 401 in Preston Meadows proudly offers all of the above and SO much more. Stepping inside the thoughtfully laid out living space, you will immediately notice the fully updated kitchen complete with plenty of classic white cabinetry, stainless appliances (including induction stove!), striking backsplash, stunning quartz countertops and a 4 seater breakfast bar. Your well appointed cooking space overlooks the bright and welcoming living room; this entire space adorned with a modern colour palette and stylish flooring. Natural light fills the space from your southwest facing balcony. Make your way from the living room to your generous sized den; perfect for a dining area, office nook, or even a day bed for your guests. The four piece bathroom boasts the same stylish design as the rest of the home and is located directly across from your in-suite laundry facilities. A spacious bedroom is last on the tour, spacious enough for a KING sized bed!, and offering plenty of storage options. Don't worry about winters here, we've got you covered, quite literally; with an owned, underground parking space. Building amenities also include: bike locker, secured building access, guest accommodations and event room. Ideally located, 505 Margaret Street is in close proximity to public transit, highway access, shopping, grocery stores, restaurants, waking trails, parks, libraries, and more. This immaculately kept condo is truly a rare find and an excellent opportunity for first time buyers, down-sizers, and investors.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$2,608
Land Transfer Tax Fee
$5,273

Condo/Maintenance Fee

Maintenance Fee
$241 /month

Included In Maintenance Fee

  • Common Elements Included
  • Building Insurance Included
  • Parking Included

Rental Items

Rental Equipment
Hot water tank.

Basement Type
None

Interior Features

Pets Permitted
Yes-with Restrictions
Laundry Features
In-Suite Laundry
Interior Extras
Guest Accommodations, Intercom
Fireplace/Stove
No
Elevator
No

Exterior Features

Balcony
Open

Building

Building Type
Condo Apartment
Building Style
1 Storey/Apt
Condo Corp Number
518

Construction

Exposure
West
Exterior Finish
Brick, Stone
Special Designation
Unknown

Inclusions

Inclusions
Built-in Microwave, Dishwasher, Dryer, Range Hood, Refrigerator, Smoke Detector, Stove, Washer, Window Coverings, Storage cabinets in bedroom.

Parking & Garages

Garage Type
Underground
Garage Spaces
1
Parking Type
Owned
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

  • Living Room—
    Main level
  • Kitchen—
    Main level
  • Den—
    Main level
  • Bedroom—
    Main level
  • Bathroom—
    Main level, 4 Pc Bath

Washrooms

  • 4-piece, Main

Municipality
Cambridge
Main cross streets
.
Directions
EAGLE ST. TO WILLIAM ST TO DOVER ST N TO MARGARET

MLS® number
X12051384
Data source
Toronto Regional Real Estate Board
Status change
2025-05-28
Listed on
2025-03-13
Days on market
76 days
Possession type
Flexible
Co-op commission
2.5% + HST
Seller
Listed by
Keller Williams Innovation Realty, Brokerage

Home Market Value

Current home valuation for Unit 401, 505 Margaret Street, Cambridge, , . Listed for $439,900

HOMEH Estimate

?

$356,960

Estimated Sales Range

?

$279,590 - $434,330

HOMEH Estimate for Unit 401, 505 Margaret Street, Cambridge

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

$356,960Medium confidence
Based on 3 comparable properties
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

$
Minimum Down Payment Required:5.0%

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

Minimum down payment

$21,995

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$16,716$12,273$10,470$0
=Total mortgage
$434,621$408,183$384,385$351,920
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$2,122monthly$1,993monthly$1,877monthly$1,718monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$5,273

Total Land Transfer Tax

$5,273

Around this home

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

Preston

Public·elementary·300m

4.4 /10

Coronation

Public·elementary·1.1km

6.3 /10

Grand View

Public·elementary·1.1km

5.9 /10

Preston

Public·secondary·1.1km

5.7 /10

St Michael

Private·elementary·1.1km

6.5 /10

St Joseph

Private·elementary·1.4km

6.8 /10

Saint-Noël-Chabanel

Private·elementary·French·1.6km

5.8 /10

Parkway

Public·elementary·1.6km

5.9 /10

Blue Heron

Public·elementary·2.1km

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