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Property Type: Condo / ApartmentOwnership: Condominium
688 PRESTON Parkway Unit# 101
Cambridge, ON N3H5K6
MLS® 40831459
$449,900
3 bed2 bath1 parking1,500 sqftBuilt 1990
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 1
RM3
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $759/mo
- Annual property tax
- $3,563.36
Maintenance Fee Includes
WaterManagement
Also included: Common Area Maintenance, Landscaping, Insurance
Interior
- Basement
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Storage | Main level | 3'7'' x 3'8'' |
| Storage | Main level | 5'9'' x 6'10'' |
| Primary Bedroom | Main level | 15'3'' x 14'11'' |
| Living room | Main level | 10'8'' x 19'6'' |
| Kitchen | Main level | 10'4'' x 10'9'' |
| Dining room | Main level | 9'0'' x 8'11'' |
| Bedroom | Main level | 12'1'' x 18'0'' |
| Bedroom | Main level | 10'11'' x 15'11'' |
| 4pc Ensuite bath | Main level | 8'5'' x 8'7'' |
| 4pc Bathroom | Main level | 7'4'' x 4'11'' |
Description
Tucked into a quiet, well maintained building, this beautifully updated main floor condo offers nearly 1,500 sq ft of easy, low maintenance living. Fully and professionally redesigned, Unit 101 blends modern finishes with a functional layout designed for comfort and simplicity. A bright, thoughtfully designed kitchen anchors the home, featuring quartz countertops, tiled backsplash, modern appliances, designer lighting, and an island perfect for everyday living and casual entertaining. The open concept living and dining areas are filled with natural light from expansive windows, creating a warm and inviting atmosphere throughout. Thoughtful finishes continue across the home, including wide plank flooring, upgraded trim, craftsman style doors, shiplap accents, and warm adjustable lighting. The spacious primary bedroom offers a peaceful retreat with a spa inspired ensuite, while both bathrooms feature beautifully updated tile work and built in storage niches. Additional features include custom closet systems in every bedroom, a dedicated pantry space, in suite laundry, extra-wide doorways, and abundant storage throughout, all contributing to the home’s exceptional functionality and ease of living. Ideally located close to Highway 401, Conestoga College, shopping, transit, restaurants, and walking trails, this home offers everyday convenience while maintaining a calm and private feel inside. Residents also enjoy secure entry, a fitness room, and a party room within the building. Stylish, move in ready, and designed for effortless living, Unit 101 is an ideal opportunity for buyers seeking comfort, convenience, and turnkey condo living. (id:63159)
Listing Information
- MLS®
- 40831459
- Data last synced
- September 15, 2026
DEWAR REALTY INC., BROKERAGE
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: DEWAR REALTY INC., BROKERAGE
MLS® Number: 40831459
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
$300/sqft
Building average
—
No other active listings in this building
54 - Preston Heights average
$359/sqft
1 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% ($22,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$359,920.00
Periodic payment — Principal & Interest (monthly)$2,322.08
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,130.95
Total monthly cost$3,453.03
Interest paid over 5-yr term$103,154.11
Balance at end of term$323,749.20
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$22,495
Stress test qualifying rate8.19%
Payment you must qualify for$3,313.99
Cash Needed at Closing
Minimum down payment$22,495
Estimated Land Transfer Tax (LTT)$5,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$29,468
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.
