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Property Type: Condo / ApartmentOwnership: Condominium
407 - 155 WATER STREET
Cambridge, ON N1R3E3
MLS® X13411508
$329,999
1 bed1 bath1 parking
Amenities
Also listed: Fireplace(s)
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $460/mo
- Annual property tax
- $3,130.21 (2025)
Maintenance Fee Includes
Also included: Common Area Maintenance, Insurance
Interior
- Basement
- None
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Description
Welcome to this stylish and well-appointed 1-bedroom, 1-bathroom condo ideally situated near the Grand River and the vibrant, up-and-coming Gaslight District. Featuring stainless steel appliances, an electric fireplace, and a generous balcony perfect for taking in the surrounding views, this unit offers a great balance of modern comfort and everyday functionality. One of the standout features is the underground covered parking spot - a valuable bonus that offers both convenience and year-round protection from the elements. Whether you're a young professional, first-time buyer, or someone looking to downsize, you'll appreciate the easy access to downtown amenities, restaurants, trails, and public transit. This is your chance to enjoy a low-maintenance lifestyle in one of Cambridge's most exciting and evolving neighbourhoods. (id:63159)
Listing Information
- MLS®
- X13411508
- Tax assessment year
- 2025
- Data last synced
- September 15, 2026
PEAK REALTY LTD.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: PEAK REALTY LTD.
MLS® Number: X13411508
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 Toronto Regional Real Estate Board.
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
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:
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($16,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$263,999.00
Periodic payment — Principal & Interest (monthly)$1,703.23
Additional monthly expenses (condo fees, tax, utilities, etc.)$721.33
Total monthly cost$2,424.56
Interest paid over 5-yr term$75,662.87
Balance at end of term$237,467.95
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$16,500
Stress test qualifying rate8.19%
Payment you must qualify for$2,430.79
Cash Needed at Closing
Minimum down payment$16,500
Estimated Land Transfer Tax (LTT)$3,425
Legal / closing costs (typical estimate)$1,500
Total cash needed$21,425
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.
