231 WATER Street
Cambridge, Ontario
4 bed • 3 bath • Multi-family
Legal Duplex in the Heart of Galt, Cambridge! This home features 4 bedrooms and 2.5 bathrooms, providing spacious living in a prime location. Directly across from Galt Collegiate Institute & Vocational School (GCI), it delivers unmatched convenience and strong appeal. Surrounded by major amenities including Tim Hortons, FreshCo, Starbucks, Subway, and more, residents enjoy a highly walkable lifestyle with everything close at hand. Well-served by public transit and just minutes from Cambridge’s historic downtown core, with shopping, dining, entertainment, and the scenic Grand River trails nearby.
Price History
Schools
Secondary
- Galt Collegiate and Vocational Institute0.2 km
Public · Waterloo Region DSB · 960 students
Grade 10 literacy: 83% met the provincial standard
- Southwood Secondary School2.7 km
Public · Waterloo Region DSB · 700 students
Grade 10 literacy: 74% met the provincial standard
- Glenview Park Secondary School2.8 km
Public · Waterloo Region DSB · 1055 students
Grade 10 literacy: 85% met the provincial standard
Elementary
- Manchester Public School0.3 km
Public · Waterloo Region DSB · 340 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 37% met the provincial standard
- Blair Road Public School0.9 km
Public · Waterloo Region DSB · 405 students
Grade 3 reading: 77% met the provincial standard · Grade 6 math: 49% met the provincial standard
- St Peter Catholic Elementary School1 km
Catholic · Waterloo CDSB · 310 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 57% 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 N1R
- Population
- 42,928
- Private dwellings
- 18,081
- Median age
- 40.8
- Average household size
- 2.5
- Median household income
- $77,000
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
Multi-family in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,262
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,262 recorded sales of multi-family properties in Cambridge over the last 12 months.
Location
Mortgage Calculator
$99,980
Estimated Monthly Payment
$2,456
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,456/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $125/mo
Estimates only. Consult a financial advisor.
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