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Property Type: Condo / ApartmentOwnership: Condominium
263 - 40 TANNERY STREET E
Cambridge, ON N3C2B9
MLS® X13806868
$314,900
2 bed2.5 bath1 parking
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 2
C1RM2
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $586/mo
- Annual property tax
- $2,220 (2026)
Maintenance Fee Includes
Water
Also included: Common Area Maintenance, Insurance
Interior
- Basement
- None
- Heating
Description
A great 2 storey apartment condo located in Village Square right in the heart of Hespeler's downtown core. This unique condo townhouse apartment has been freshly painted and new carpet though out. This condo living offers low maintenance for an apartment but feels like a townhouse. Inside is a galley kitchen adjacent to the dinette area, a living room space with convenience to the sliding patio doors to a balcony. A 2 piece bathroom and storage is also on the main level. Upstairs features 2 bedrooms, a 4 piece bathroom, and laundry conveniently located on the upper level. Great property to get into the market. (id:63159)
Listing Information
- MLS®
- X13806868
- Tax assessment year
- 2026
- Data last synced
- October 15, 2026
RE/MAX REAL ESTATE CENTRE INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX REAL ESTATE CENTRE INC.
MLS® Number: X13806868
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 London and St. Thomas Association of REALTORS®.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Cambridge average
$480/sqft
81 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
4°C
—
Humidity 95%
Wind E calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
Source: Environment and Climate Change Canada.
Population
139,163
(2021 Census)
+6.6% since 2016
Density: 615.3/km²
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($15,745) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$251,920.00
Periodic payment — Principal & Interest (monthly)$1,625.30
Additional monthly expenses (condo fees, tax, utilities, etc.)$771.00
Total monthly cost$2,396.30
Interest paid over 5-yr term$72,201.00
Balance at end of term$226,602.85
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$15,745
Stress test qualifying rate8.19%
Payment you must qualify for$2,319.57
Cash Needed at Closing
Minimum down payment$15,745
Estimated Land Transfer Tax (LTT)$3,199
Legal / closing costs (typical estimate)$1,500
Total cash needed$20,444
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.
