306 - 505 MARGARET Street
Cambridge, Ontario
2 bed • 1 bath • Single Family
Welcome to easy, comfortable living in this bright and spacious 2-bedroom condo located in the heart of Preston. Just steps from Ed Newland Pool and Civic Park, this home offers the perfect balance of convenience, community, and lifestyle. Inside, the thoughtfully designed layout provides a seamless flow between the kitchen, dining, and living areas — ideal for both everyday living and entertaining. The generous kitchen overlooks the dining space, creating a welcoming setting for meals and gatherings. From the living room, step out to your private balcony, a great place to enjoy a quiet morning coffee or unwind at the end of the day. The primary bedroom serves as a peaceful retreat, complete with a large walk-in closet offering plenty of storage and organization space. A well-sized second bedroom provides flexibility for guests, a home office, or additional living space. The unit also features a 4-piece bathroom along with the added convenience of in-suite laundry. This well-kept building offers fantastic amenities including a party room for social gatherings and a guest suite for visiting friends and family. One outdoor parking space is also included. Located close to Riverside Park, the shops and restaurants of Downtown Preston, and with quick access to Highway 401, this home is perfect for commuters and anyone looking to enjoy the best of Cambridge living.
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
- Coronation Public School1 km
Public · Waterloo Region DSB · 325 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 46% met the provincial standard
Secondary
- Preston High School1.2 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 School3.8 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
- $678,350
- Homes sold
- 1,252
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,252 recorded sales of single family properties in Cambridge over the last 12 months.
Location
Mortgage Calculator
$59,980
Estimated Monthly Payment
$1,473
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,473/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $75/mo
Estimates only. Consult a financial advisor.
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