205 - 505 Margaret Street, Cambridge, ON N3H 0A6
Cambridge · Near Westminister Dr N · View map
About this home
Welcome to this spacious, bright, and completely carpet-free 2-bedroom condo in highly desirable North Preston! Move-in ready with low maintenance fees in a beautifully maintained, well-managed building that recently refreshed all common area paint and carpets. The ultra-functional, open-concept layout maximizes every square foot, flowing into a bright kitchen with abundant cabinetry, a breakfast bar peninsula, and a sun-drenched living room with sliding glass doors opening to your private 59 sq ft balcony. Both bedrooms feature durable laminate flooring and generous closet space. The choice end-unit location provides extra peace and quiet. Enjoy premium perks like heated underground parking, secure bike storage, an on-site party room, and a convenient bookable guest suite ($50/night). Pets under 40 lbs are welcome! Unbeatable location directly across from Ed Newland Pool and Civic Park, an easy stroll to trendy downtown Preston cafes and dining, and just minutes to Hwy 401. Don't miss this perfect blend of lifestyle, location, and affordability!
The home
- Type
- Condo apartment
- Style
- 1 Storey/Apt
- Square footage
- 800-899 sq ft
- Bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Rooms
- 4
- Basement
- None
- Faces
- East
- Level
- 3
- Balcony
- Enclosed
- Laundry
- In-Suite Laundry
Ownership & fees
- Ownership
- Condominium
- Maintenance fee
- $280.65/mo
- Fee includes
- Common Elements, Parking, Building Insurance
- Complex
- WSCC 518
- Property management
- Inspirah Property Management Ltd.
- Pets
- Allowed, with restrictions
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Underground
- Garage spaces
- 1
- Total parking
- 1
- Parking features
- Surface
Taxes & other
- Property taxes
- $3,145/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- 90 Days/TBA
- Cross street
- Westminister Dr N
More
- Price per sq ft
- ~$441 (at 850 sq ft)
- MLS® number
- X14179392
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The home and its surroundings
- Water Softener
- Greenbelt/Conservation
- Park
- Place Of Worship
- Public Transit
- Ravine
- School
Included in the maintenance fee
- Common Elements
- Parking
- Building Insurance
Shared in the complex
- Guest Suites
- Party Room/Meeting Room
- Visitor Parking
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
505 Margaret Street, Cambridge, ON N3H 0A6
Cambridge · Near Westminister Dr N
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Listing history for 505 Margaret Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 205 - 505 Margaret Street
Answers come straight from this home’s MLS® listing.
How much is 205 - 505 Margaret Street listed for, and what would it cost each month?
205 - 505 Margaret Street is listed for $374,999. With 20% down ($75,000), the mortgage payment would be roughly $1,513 a month at 4.5% over 30 years. Add property tax and the maintenance fee and the estimate comes to about $2,055 a month, all in. That figure is an illustration, not a quote.
Is 205 - 505 Margaret Street freehold or a condo, and is there a monthly fee?
205 - 505 Margaret Street is a condo apartment in Cambridge. Ownership is condominium: you own the unit and a condo corporation looks after the common elements. The maintenance fee is $280.65 a month. The listing says it covers common elements, parking, building insurance. Fees can change, so confirm the current amount in the status certificate.
How many bedrooms and bathrooms does 205 - 505 Margaret Street have?
205 - 505 Margaret Street has 2 bedrooms and 1 bathroom. The listing gives the style as 1 storey/apt.
Does 205 - 505 Margaret Street have a garage and parking?
Yes. The listing shows the garage as underground, with room for 1 car. In total the listing counts 1 parking space.
Does 205 - 505 Margaret Street have a finished basement?
No. The listing shows no basement for this home.
What style of home is 205 - 505 Margaret Street?
205 - 505 Margaret Street is a condo apartment. A condo is a unit you own in a building or complex, with the common areas shared and paid for through a monthly fee.
How big is 205 - 505 Margaret Street?
The listing puts the home between 800 and 899 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement.
How is 205 - 505 Margaret Street heated and cooled?
Heating is forced air (electric). Cooling is central air.
What are the property taxes for 205 - 505 Margaret Street?
Property taxes are $3,145 a year (2026), or about $262 a month.
Are pets allowed at 205 - 505 Margaret Street?
Pets are allowed, with restrictions. A condo corporation can limit the size, number or type of pet, so check the condo corporation’s rules before you offer.
Where is 205 - 505 Margaret Street?
205 - 505 Margaret Street is in Cambridge. The nearest main intersection is Westminister Dr N. The postal code is N3H 0A6.
Is 205 - 505 Margaret Street still for sale?
Yes. It is an active listing (MLS® X14179392). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 205 - 505 Margaret Street asking?
Similar properties for sale nearby right now include 237 King Street W at $375,000 (2 bed), 909 - 237 King Street W at $378,555 (2 bed) and 601 - 170 Water Street N at $379,900 (2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 505 Margaret Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 205 - 505 Margaret Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Condo apartment$379,900601 - 170 Water Street N, Cambridge2 bed · 1 bathCourtesy of: RE/MAX REAL ESTATE CENTRE INC.View home →Courtesy of: SUTTON GROUP QUANTUM REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax and the maintenance fee. For illustration only.