246 - 42 Tannery Street
Cambridge, ON
- 2 bed
- 2 bath
- approx. 1000-1199 sqft
- Condo Apartment
- 0 days on market
Living close to parks, restaurants, and downtown Hespeler's charm has never been easier. This nicely updated 1,125 sq ft unit, spread across two floors, puts you in the heart of a quaint, historic village while keeping you minutes from Hwy 401, public transit, and shopping across Cambridge, KW, and Guelph - all at a price you can actually afford. Upstairs, you'll find two large bedrooms, each with generous closet space, alongside a fully renovated large bathroom featuring a walk-in shower and solid surface countertop with an undermount sink. The main floor offers a renovated powder room, an updated (2020) gallery style kitchen, and open dining and living rooms with abundant storage. The whole home has been freshly painted top to bottom, and the bright, airy space opens onto a balcony perfect for watching the sunset. Recent upgrades add real peace of mind: electrical panel replaced in 2020, newly painted stair railing, and an electric heat pump with powerful heat and A/C on both floors, added in 2022. One covered parking spot is included. The location is unbeatable, right next to Forbes Park and just steps from vibrant restaurants, cozy cafés, the library, community center, Hespeler Farmers Market, and nearly every local event. This is village charm with city convenience, all in one. note: all furniture has been digitally staged.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2026)
- $2,359
- Listed
- September 16, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Stucco (Plaster), Vinyl Siding
- Interior
- Water Heater Owned
Parking
- Garage
- Other
- Covered Spaces
- 1
- Total Parking
- 1
Utilities
- Heat Source
- Electric
Location & Legal
- Cross Street
- Queen St E & Tannery St E
- Parcel Number
- 232260033
- Possession
- Immediate
- Occupancy
- Vacant
Condo
- Maintenance Fee
- $586/month
- Fee Includes
- Water Included, Common Elements Included, Building Insurance Included, Parking Included
- Pets
- Yes-with Restrictions
- Locker
- None
- Balcony
- Enclosed
- Amenities
- Visitor Parking
Included
- Inclusions
- Built-in SS microwave/range hood, refrigerator, electric range. Smoke detector; hot water tank owned. Heat pump/ac (two heads - one on each floor).
- Exclusions
- none
- Rental Items
- n/a
Schools
Elementary
- Our Lady of Fatima Catholic Elementary School0.8 km
Catholic · Waterloo CDSB · 375 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 53% met the provincial standard
- Hillcrest Public School0.8 km
Public · Waterloo Region DSB · 370 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 46% met the provincial standard
- St Gabriel Catholic Elementary School1.1 km
Catholic · Waterloo CDSB · 530 students
Grade 3 reading: 92% met the provincial standard · Grade 6 math: 67% 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
Residential Condo & Other in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,221
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,221 recorded sales of residential condo & other properties in Cambridge over the last 12 months.
Listed by
ROYAL LEPAGE TERREQUITY REALTY
Walk Score
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Location
Street View
Mortgage Calculator
$79,800
Estimated Monthly Payment
$1,960
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,960/mo (20% down, 5.5%)
Taxes: $197/mo · Insurance: $100/mo
Maint: $586/mo
Estimates only. Consult a financial advisor.
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