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Property Type: Condo / ApartmentOwnership: Condominium
50 S GRAND Avenue S Unit# 1002
Cambridge, ON N1S0C2
MLS® 40847217
95
Walk Score
55
Transit
76
Bike
$640,000
2 bed2 bath1 parking1,126 sqft
95
Walk Score
55
Transit
76
Bike
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 112
FC1RM1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $698/mo
- Annual property tax
- $4,717
Maintenance Fee Includes
Management
Also included: Common Area Maintenance, Landscaping, Insurance, Parking
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 9'0'' x 17'0'' |
| Dining room | Main level | 8'1'' x 15'2'' |
| Living room | Main level | 8'11'' x 15'2'' |
| Bedroom | Main level | 10'2'' x 11'3'' |
| Primary Bedroom | Main level | 10'2'' x 12'5'' |
| 4pc Bathroom | Main level | — |
| 3pc Bathroom | Main level | — |
Description
Immaculate 2-bedroom, 2-bathroom CORNER unit condo with a large terrace in Cambridge’s sought-after Gaslight District! Offering 1,126 sq. ft. of luxurious living space, this bright open-concept suite features 9-foot ceilings, modern finishes, and an abundance of natural light throughout. The oversized kitchen is equipped with premium black stainless steel appliances, quartz countertops and plenty of cabinet space. The inviting living room showcases Large windows and a beautiful floating Media wall unit, perfect for entertaining. This home boasts Custom motorized blinds throughout the entire unit! The expansive terrace offers exceptional outdoor living. The primary bedroom features a spacious 4-piece ensuite with double sinks, while the second bedroom is also spacious. An additional 3-piece bathroom, and convenient in-suite laundry complete the thoughtfully designed layout. One secure underground parking space is included. Residents enjoy exceptional resort-style amenities, including a concierge, fitness centre with yoga studio, party and games rooms, business centre with a cozy library, Wi-Fi throughout the building, bike storage, mail and parcel rooms, and beautifully designed outdoor terraces featuring fire pits, hammocks, BBQs, and seating areas. Located in the heart of historic downtown Cambridge, you’re just steps from incredible restaurants, shopping, entertainment, and everything the vibrant Gaslight District has to offer. Book your private tour today! (id:63161)
Listing Information
- MLS®
- 40847217
- Data last synced
- October 28, 2026
eXp Realty, Brokerage
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: eXp Realty, Brokerage
MLS® Number: 40847217
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
$568/sqft
Building average
—
No other active listings in this building
12 - St Andrews/Southwood average
$556/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: 6.1% ($39,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$512,000.00
Periodic payment — Principal & Interest (monthly)$3,303.25
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,147.08
Total monthly cost$4,450.33
Interest paid over 5-yr term$146,740.67
Balance at end of term$460,545.66
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$39,000
Stress test qualifying rate8.19%
Payment you must qualify for$4,660.00
Cash Needed at Closing
Minimum down payment$39,000
Estimated Land Transfer Tax (LTT)$9,275
Legal / closing costs (typical estimate)$1,500
Total cash needed$49,775
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.
