
702 - 688 PRESTON Parkway
Cambridge, Ontario
3 bed • 2 bath • Single Family
RARE Offering! Spacious 7th floor 3 bedroom, 2 full bath, 2 car parking corner condo with view of Grand River from the 147 sq. ft. covered balcony. Located in a quiet building close to the 401, Conestoga College, shopping and trails on bus route. Building features workout room, party room, secure entrance, indoor bike storage with no pets and no smoking regulations. All three large bedrooms by any measure are unique on the market for condo living. The primary bedroom suite features large windows, walk in closet, with separate heating, private updated 4 piece ensuite bath with tiled heated floor with shower stall and storage. Corner bedroom could be used as a media room, bedroom or home office with large corner windows for city view. Open concept kitchen, dining room and living room feature laminate flooring in kitchen, island with high efficiency appliances overlooking patio doors to balcony and electric fireplace. Dining and living room are broadloomed carpeted with textured ceiling. The condo unit features exclusive in suite carbon water filter for all water and filtered tap water in kitchen. In suite seperate storage room is great for use as a pantry off kitchen for additional kitchen cabinet space. Large balcony is covered and open with expansive views over open space and the meandering Grand River. Two deeded parking spaces is a huge bonus and can be rented out. Monthly costs including utilities, condo fees, 2 car parking and property taxes currently total $1,290.00. Upgrades include kitchen, ensuite bath, flooring, patio door, filtration system, common areas, parking surface. The updated heat pumps are great for zone heating and all bedrooms and bathrooms have seperate heat controls. This is wonderful opportunity for those hoping to downsize or tenants looking for more room and ownership.
Price History
Schools
Elementary
- Parkway Public School0.5 km
Public · Waterloo Region DSB · 350 students
Grade 3 reading: 97% met the provincial standard · Grade 6 math: 59% met the provincial standard
- St Joseph Catholic Elementary School1 km
Catholic · Waterloo CDSB · 280 students
Grade 3 reading: 86% met the provincial standard · Grade 6 math: 70% met the provincial standard
- Grand View Public School1.8 km
Public · Waterloo Region DSB · 250 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 39% met the provincial standard
Secondary
- Preston High School1 km
Public · Waterloo Region DSB · 855 students
Grade 10 literacy: 77% met the provincial standard
- ÉSC Père-René-de-Galinée3.7 km
French Catholic · CS catholique MonAvenir · 495 students
Grade 10 literacy: 94% 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
- 1,253
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,253 recorded sales of single family properties in Cambridge over the last 12 months.
Location
Mortgage Calculator
$89,580
Estimated Monthly Payment
$2,200
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,200/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $112/mo
Estimates only. Consult a financial advisor.
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