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261 - 40 TANNERY Street

261 - 40 TANNERY Street

Cambridge, Ontario

2 bed • 3 bath • Single Family

$399,900

Calling all first-time buyers — this is the smart, stylish entry into the market you've been waiting for, and at this price point it's a rare find. Fully renovated top to bottom, this 2-bedroom, 3-bathroom, 1,173 sq ft two-storey condo at #261-40 Tannery Street East sits right in the heart of Hespeler, one of Cambridge's most charming and connected communities, where there's always something happening — local events, parades, festivals, and walkable streets full of shops, cafés, and restaurants right outside your door. With a park right behind the building and a low-rise setting rather than a towering high-rise, it offers a more intimate, neighbourly feel and green space at your back door. Inside, the bright open-concept main floor showcases a stunning chef's kitchen with white shaker cabinetry, quartz counters, subway tile, and a spacious island with breakfast bar seating, flowing into a cozy living area with a wall-mounted fireplace and walk-out to your own private terrace — a true outdoor retreat to relax and entertain. The real showstopper is upstairs: a spacious primary suite with its own private 4-piece ensuite and lots of closet space — a luxury you rarely find at this price — plus a second bedroom and a full 3-piece bath, giving you three full bathrooms across the home and the everyday comfort of never sharing. Add upper-level laundry, wide-plank flooring, modern finishes throughout, and an owned parking spot, and this turnkey home feels safe, connected, and completely move-in ready. Priced to make ownership finally feel within reach, this is the one that gets you in the door.

Price History

Schools

Elementary

  • Our Lady of Fatima Catholic Elementary School0.7 km

    Catholic · Waterloo CDSB · 375 students

    Grade 3 reading: 81% met the provincial standard · Grade 6 math: 53% met the provincial standard

  • Hillcrest Public School0.7 km

    Public · Waterloo Region DSB · 370 students

    Grade 3 reading: 65% met the provincial standard · Grade 6 math: 46% met the provincial standard

  • Hespeler Public School1.2 km

    Public · Waterloo Region DSB · 650 students

    Grade 3 reading: 66% met the provincial standard · Grade 6 math: 45% met the provincial standard

Secondary

  • Jacob Hespeler Secondary School1.7 km

    Public · Waterloo Region DSB · 1070 students

    Grade 10 literacy: 83% met the provincial standard

  • St Benedict Catholic Secondary School4.4 km

    Catholic · Waterloo CDSB · 1955 students

    Grade 10 literacy: 90% 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 N3C

Population
27,518
Private dwellings
9,657
Median age
38.8
Average household size
2.9
Median household income
$114,000

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

$79,980

Estimated Monthly Payment

$1,965

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $1,965/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $100/mo

Estimates only. Consult a financial advisor.

R

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