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Property Type: Condo / ApartmentOwnership: Condominium
50 GRAND Avenue S Unit# 602
Cambridge, ON N1S0C2
MLS® 40856135
$648,900
2 bed2 bath2 parking1,105 sqftBuilt 2022
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
FC1RM1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $737/mo
- Annual property tax
- $5,338
Maintenance Fee Includes
Management
Also included: Common Area Maintenance, Landscaping, Insurance, Parking
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Main level | 6'0'' x 11'1'' |
| 4pc Bathroom | Main level | 9'3'' x 4'11'' |
| Bedroom | Main level | 17'9'' x 11'9'' |
| Primary Bedroom | Main level | 11'9'' x 17'6'' |
| Dining room | Main level | 14'6'' x 5'9'' |
| Living room | Main level | 14'6'' x 10'0'' |
| Kitchen | Main level | 9'5'' x 15'9'' |
Description
Immaculate 2-Bedroom condo, with an expansive, private wrap-around terrace in the Gaslight District!! Stunning 2-bedroom, 2-bathroom corner unit with an impressive 1,300+ sq. ft. private terrace in the luxurious Gaslight District. This bright, open-concept suite features 9-foot ceilings and modern finishes. The bright and spacious kitchen and living area walks out to the oversized terrace, perfect for entertaining and relaxing (with a potential of installing a hot tub). The primary bedroom offers a second walkout and a 4-piece ensuite with double sinks. The second bedroom, additional 4-piece bath, and in-suite laundry complete the layout. Includes two parking spaces (one with EV connection) in the secure garage of the building. Enjoy resort-style amenities: concierge, bike room, mail and parcel room, fitness centre with a yoga studio, party and games rooms, business centre with a cozy library and WIFI throughout the buildings, and outdoor terraces with fire pits, hammocks, BBQs, and seating areas. Located in the heart of historic downtown, surrounded by dining, shopping, and entertainment! (id:63159)
Listing Information
- MLS®
- 40856135
- Data last synced
- September 15, 2026
GRAND WEST REALTY INC., BROKERAGE
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: GRAND WEST REALTY INC., BROKERAGE
MLS® Number: 40856135
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
$587/sqft
Building average
—
No other active listings in this building
11 - St Gregory's/Tait average
$578/sqft
10 active listing(s)
Parking: 2 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: 6.1% ($39,890) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$519,120.00
Periodic payment — Principal & Interest (monthly)$3,349.19
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,236.76
Total monthly cost$4,585.95
Interest paid over 5-yr term$148,781.28
Balance at end of term$466,950.12
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$39,890
Stress test qualifying rate8.19%
Payment you must qualify for$4,722.11
Cash Needed at Closing
Minimum down payment$39,890
Estimated Land Transfer Tax (LTT)$9,453
Legal / closing costs (typical estimate)$1,500
Total cash needed$50,843
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.
