$429,000
For sale: Apartment

Welcome to URBN Condominiums! This bright and modern 2-bedroom, 2-bathroom suite offers approximately 840 sq. ft. of interior living space, plus a spacious 110 sq. ft. private balcony. The open-concept layout features a combined living, dining and kitchen area, perfect for everyday living and entertaining. The primary bedroom includes a private ensuite and walk-in closet, while the second bedroom offers flexibility for guests, family or a home office. Enjoy ensuite laundry, parking and an owned locker. Currently tenanted at $2,100/month, making this an excellent opportunity for investors seeking an income-producing property. Conveniently located in Cambridge with easy access to shopping, dining, transit and major highways. A great opportunity for investors, first-time buyers and downsizers alike.
Sold data
Apartment homes in Cambridge took a median of 45 days to sell over the last 365 days, with the quickest quarter selling within 24 days and the slowest quarter taking more than 74, across 65 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 92 days.
The median sale price was $400,000.
Homes sold for about 3.0% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 29% of sellers reduced their price before finding a buyer.
Based on 65 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Cambridge has 46 Fraser Institute–rated schools (38 elementary and 8 secondary), averaging 5.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
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