Cambridge, Ontario is a developing city taking advantage of the fast growth of its neighbors Kitchener and Waterloo. Together they make up the Golden Triangle. Many new developments have been popping up all over Cambridge, with sub divisions expanding now is a great time to get in relatively cheap. For $300,000, 17 Grosvenor Lane is a great place to start.
The property is a Condominium Townhouse that is 1,966 square feet and 2.5 storeys. With maintenance fees of $121 this covers snow removal, landscaping, garbage removal and maintenance. Considering the building is 7-8 years old, the condo fees are very cheap. This unit has 2 bedrooms and 3 washrooms with a loft that can be used as a 3rd bedroom. There is also a one car garage attached to the back with double driveway. Taxes on the property for 2010 were $3,230.
This particular unit has some great features. 2 gas fireplaces, balcony, patio, deck, central air and central vacuum with new appliances. Recently the place went through a $30,000 renovation and the pictures show it.
Location wise it is ideal. Walking distance to downtown, shopping and resteraunts. Also, the Farmer’s Market is near by. This is an ideal space for a family or young professionals. Here is how the carrying costs break down on a 30 year amortization:
Down Payment: $15,000
CMHC 3.75%: $10,687.50
Mortgage Payment: $1,387.70
Condo Fee: $121.00
Total Cost: $1832.87
Showings can be scheduled by contacting Sean Cuddy from Keller Williams Golden Triangle Realty at 519-501-4623 or by email at firstname.lastname@example.org. Also, check out his website at www.seancuddy.com.