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Property Type: Condo / ApartmentOwnership: Condominium
42 TANNERY Street E Unit# 246
Cambridge, ON N3C2B9
MLS® 40868587
$369,900
2 bed2.5 bath1 parking1,125 sqft
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 2
C1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $586/mo
- Annual property tax
- $2,359
Interior
- Basement
- None
- Heating
- Heat Pump
- Cooling / A/C
- Wall unit
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Second level | — |
| 2pc Bathroom | Main level | — |
| Laundry room | Second level | 4'6'' x 9'3'' |
| Bedroom | Second level | 9'2'' x 13'0'' |
| Primary Bedroom | Second level | 9'9'' x 15'0'' |
| Foyer | Main level | 5'8'' x 7'6'' |
| Living room | Main level | 10'10'' x 15'7'' |
| Dining room | Main level | 8'4'' x 9'4'' |
| Kitchen | Main level | 8'1'' x 10'0'' |
Description
Village living in the heart of Hespeler! This thoughtfully updated two-storey home offers 1,125 sq. ft. of comfortable living space, with a bright, functional layout and a long list of recent improvements. The main level features a stylish gallery kitchen updated in 2020, an updated powder room, and open dining and living areas with excellent storage. Large windows bring in plenty of natural light, while the balcony provides a welcoming spot to enjoy the evening. Upstairs, two generously sized bedrooms offer ample closet space, along with a beautifully renovated full bathroom featuring a walk-in shower, solid-surface vanity top, and undermount sink. The home has been freshly painted throughout, creating a clean, move-in-ready feel. Notable updates include a new electrical panel (2020) and an electric heat pump installed in 2022, providing efficient heating and air conditioning throughout both levels. A covered parking space is also included. Set beside Forbes Park and within easy walking distance of Hespeler's shops, restaurants, cafes, library, community centre, farmers' market, and other local amenities. With convenient access to Hwy 401, public transit, and surrounding Cambridge, Kitchener-Waterloo, and Guelph, this is an excellent opportunity to enjoy the character of Hespeler Village with modern comfort and convenience. (id:63159)
Listing Information
- MLS®
- 40868587
- Data last synced
- October 6, 2026
RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
MLS® Number: 40868587
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
$329/sqft
Building average
—
No other active listings in this building
43 - Hillcrest/Forbes Park average
$580/sqft
5 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% ($18,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$295,920.00
Periodic payment — Principal & Interest (monthly)$1,909.18
Additional monthly expenses (condo fees, tax, utilities, etc.)$838.30
Total monthly cost$2,747.48
Interest paid over 5-yr term$84,811.52
Balance at end of term$266,181.00
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$18,495
Stress test qualifying rate8.19%
Payment you must qualify for$2,724.70
Cash Needed at Closing
Minimum down payment$18,495
Estimated Land Transfer Tax (LTT)$4,024
Legal / closing costs (typical estimate)$1,500
Total cash needed$24,019
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.
