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Property Type: Condo / ApartmentOwnership: CondominiumRECENTLY LISTED
155 S WATER Street S Unit# 307
Cambridge, ON N1R3E3
MLS® 40873525
85
Walk Score
55
Transit
70
Bike
$299,999
1 bed1 bath1 parking577 sqft
85
Walk Score
55
Transit
70
Bike
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
(F)C1RM1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $460/mo
- Annual property tax
- $2,948.76
Interior
- Basement
- None
- Heating
- Forced air
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 7'10'' x 13'0'' |
| 3pc Bathroom | Main level | 6'2'' x 7'11'' |
| Bedroom | Main level | 12'2'' x 12'11'' |
Description
Corner-unit living with an impressive wraparound balcony! Welcome to Unit 307 at 155 Water Street South, a one-bedroom, one-bathroom condo on the third floor of a well-built, well-maintained building in downtown Cambridge. The standout feature is the spacious wraparound balcony, extending your living space outdoors with room to enjoy morning coffee, create a container garden or unwind after a busy day. The corner location adds to the appeal, offering a welcoming setting to make your own. Inside, the practical layout includes a generously sized bedroom, a separate kitchen, a comfortable living area and a four-piece bathroom. Bring your decorating ideas and personal touches to refresh the space and turn it into a home that reflects your style. This is an opportunity to purchase at an accessible price point and add your own finishing touches over time. Enjoy the character and convenience of downtown Galt, with the Grand River trails, local shops, cafés, restaurants and Cambridge Farmers’ Market nearby. The Gaslight District is within walking distance, putting dining, entertainment and community events close to home. Whether you’re buying your first home, downsizing or looking for an investment opportunity, this corner suite offers a compelling combination of outdoor space, downtown convenience and potential. Make your move into homeownership. (id:63161)
Listing Information
- MLS®
- 40873525
- Data last synced
- October 23, 2026
EXP REALTY
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: EXP REALTY
MLS® Number: 40873525
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Cornerstone Association of REALTORS®.
Values & Trends
This listing
$520/sqft
Building average
—
No other active listings in this building
21 - Glenview, Lincoln, Oak average
$418/sqft
9 active listing(s)
Parking: 1 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Guelph
5°C
—
Humidity 95%
Wind NNE calm km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
139,163
(2021 Census)
+6.6% since 2016
Density:
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($15,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$239,999.00
Periodic payment — Principal & Interest (monthly)$1,548.39
Additional monthly expenses (condo fees, tax, utilities, etc.)$735.21
Total monthly cost$2,283.60
Interest paid over 5-yr term$68,784.40
Balance at end of term$215,879.88
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$15,000
Stress test qualifying rate8.19%
Payment you must qualify for$2,209.81
Cash Needed at Closing
Minimum down payment$15,000
Estimated Land Transfer Tax (LTT)$2,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$19,475
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
