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Property Type: Condo / ApartmentOwnership: Condominium
237 KING Street W Unit# 402
Cambridge, ON N3H5L2
MLS® 40866261
$375,000
2 bed2 bath1 parking999 sqftBuilt 1990
Open House
Sunday, November 1
2:00 PM – 4:00 PM
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
RM3
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $800/mo
- Annual property tax
- $2,076.29
Maintenance Fee Includes
WaterManagementHeat
Also included: Common Area Maintenance, Landscaping, Insurance, Parking, Residential Manager
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Main level | 16'8'' x 11'4'' |
| Living room | Main level | 18'8'' x 11'11'' |
| Kitchen | Main level | 9'3'' x 8'10'' |
| Dining room | Main level | 6'0'' x 11'11'' |
| Bedroom | Main level | 13'0'' x 12'5'' |
| 5pc Ensuite bath | Main level | 12'4'' x 4'11'' |
| 4pc Bathroom | Main level | 9'4'' x 6'9'' |
Description
Welcome to Unit 402, a bright and beautifully maintained condo offering impressive views and an abundance of natural light throughout. The updated kitchen features a fresh, modern feel and opens into a spacious living area surrounded by large windows, creating an inviting space to relax or entertain while enjoying the scenery. Two outdoor balconies. The primary bedroom offers its own 5-piece ensuite with double sinks, while the second bedroom is conveniently located near an additional 4-piece bathroom — perfect for guests, a home office, or flexible living space. In-suite laundry adds everyday convenience. This well-kept building offers a great selection of amenities, including an indoor pool, fitness centre, party room, sewing room, hobby room and kitchenette. Complete with one parking space and a storage locker, Unit 402 offers comfortable, low-maintenance living in a convenient Cambridge location close to shopping, restaurants, trails and everyday amenities. (id:63161)
Listing Information
- MLS®
- 40866261
- Data last synced
- October 27, 2026
RE/MAX TWIN CITY REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX TWIN CITY REALTY INC.
MLS® Number: 40866261
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
$375/sqft
Building average
—
No other active listings in this building
53 - Preston South average
$289/sqft
3 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% ($18,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$300,000.00
Periodic payment — Principal & Interest (monthly)$1,935.50
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,023.02
Total monthly cost$2,958.52
Interest paid over 5-yr term$85,980.86
Balance at end of term$269,850.97
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$18,750
Stress test qualifying rate8.19%
Payment you must qualify for$2,762.27
Cash Needed at Closing
Minimum down payment$18,750
Estimated Land Transfer Tax (LTT)$4,100
Legal / closing costs (typical estimate)$1,500
Total cash needed$24,350
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.
