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New1 day ago

501 - 170 Water Street N

, Cambridge

$399,000

Condo Apartment |
2 | 1 | 1 | 1
About this home

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.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
Style1 Storey/Apt
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$750
LockerExclusive
BalconyEnclosed
ExposureSouth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$3,427
mls© NumberX13687164
Listed ByRE/MAX REAL ESTATE CENTRE INC.
Heat Included
Water Included
Building Insurance Included
Common Elements Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,042
Property tax
$286
Heat allowance
$150
Condo fees, half counted
$375
Housing costs
$2,853 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $79,800
25-yr amortization

Income needed

$88,000

gross annual household income

Payment at 4%
$1,679 / mo
Cash down
$79,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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