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Property Type: Condo / ApartmentOwnership: Condominium
501 - 170 WATER STREET N
Cambridge, ON N1R3B6
MLS® X13687164
$399,000
2 bed1 bath1 parking
Amenities
Also listed: Storage - Locker
Property Details
Property & Lot
- Sub-type
- Apartment
C1RM1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $750/mo
- Annual property tax
- $3,427
Maintenance Fee Includes
WaterHeat
Also included: Common Area Maintenance, Insurance, Parking
Interior
- Basement
- None
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | — |
| Kitchen | Main level | — |
| Primary Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
| Bathroom | Main level | — |
Description
Welcome to Waterscape, a well-located condo community along the Grand River in historic Downtown Galt. This bright and functional 2-bedroom, 1-bathroom condo offers a great opportunity for first-time buyers, downsizers, or investors looking for low-maintenance living in a prime location. The open-concept layout features a modern kitchen with ample cabinetry, granite countertops, and stainless steel appliances, flowing seamlessly into the living area - perfect for everyday living or entertaining. Large windows bring in plenty of natural light, while the private balcony provides a quiet outdoor space to relax. Enjoy the convenience of in-suite laundry, underground parking, and a storage locker. Condo fees include heating, cooling, and water, helping keep monthly expenses predictable and affordable. The building offers secure controlled entry, a fitness room, party/lounge space, and a rooftop terrace with BBQs and seating-ideal for entertaining or enjoying views of the river. Located just steps from scenic walking trails, the Cambridge Mill, Gaslight District, farmers' market, shops, dining, and theatre, everything you need is within walking distance. Experience easy condo living in one of Cambridge's most desirable downtown locations. Book your private showing today. (id:63159)
Listing Information
- MLS®
- X13687164
- Data last synced
- September 29, 2026
RE/MAX REAL ESTATE CENTRE INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX REAL ESTATE CENTRE INC.
MLS® Number: X13687164
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: Included
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
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($19,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$319,200.00
Periodic payment — Principal & Interest (monthly)$2,059.37
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,035.58
Total monthly cost$3,094.95
Interest paid over 5-yr term$91,483.64
Balance at end of term$287,121.43
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$19,950
Stress test qualifying rate8.19%
Payment you must qualify for$2,939.06
Cash Needed at Closing
Minimum down payment$19,950
Estimated Land Transfer Tax (LTT)$4,460
Legal / closing costs (typical estimate)$1,500
Total cash needed$25,910
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.
