107 - 505 MARGARET Street
Cambridge, Ontario
1 bed • 1 bath • Single Family
Located in the highly sought-after Preston Arbour neighbourhood of Cambridge, this bright and spacious 1-bedroom condo offers comfortable, low-maintenance living in an unbeatable location. The open-concept layout features a generous living and dining area filled with natural light and extending to a covered private balcony—perfect for relaxing or enjoying your morning coffee. The spacious bedroom includes a well-sized closet, while the unit also offers in-suite laundry and a well-maintained 4-piece bathroom. Enjoy the convenience of one underground parking space (#99) and excellent building amenities, including visitor parking, a party room, and a guest suite. Ed Newland Pool is right across the street for summer enjoyment, with Civic Park, Riverside Park, schools, shops, restaurants, public transit, and Downtown Preston all nearby. Just a five-minute drive to Hwy 401 makes commuting easy. With the lowest condo fees in the area at $224.49/month, this is one of the best values in Cambridge. Ideal for first-time buyers, couples, or young professionals—this unit won’t last long. Bring your best offer!
Price History
Schools
Elementary
- Preston Public School0.3 km
Public · Waterloo Region DSB · 315 students
Grade 3 reading: 75% met the provincial standard · Grade 6 math: 41% met the provincial standard
- Grand View Public School1 km
Public · Waterloo Region DSB · 250 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 39% met the provincial standard
- St Michael Catholic Elementary School1.1 km
Catholic · Waterloo CDSB · 310 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 31% met the provincial standard
Secondary
- Preston High School1.1 km
Public · Waterloo Region DSB · 855 students
Grade 10 literacy: 77% met the provincial standard
- ÉSC Père-René-de-Galinée3.3 km
French Catholic · CS catholique MonAvenir · 495 students
Grade 10 literacy: 94% met the provincial standard
- Jacob Hespeler Secondary School3.9 km
Public · Waterloo Region DSB · 1070 students
Grade 10 literacy: 83% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N3H
- Population
- 24,306
- Private dwellings
- 10,220
- Median age
- 40.8
- Average household size
- 2.5
- Median household income
- $82,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,255
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,255 recorded sales of single family properties in Cambridge over the last 12 months.
Location
Mortgage Calculator
$75,980
Estimated Monthly Payment
$1,866
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,866/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $95/mo
Estimates only. Consult a financial advisor.
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