Condos for Sale Cambridge (2023)
Why Should You Invest In Condos for sale Cambridge?
The city is a land of eye candy, natural scenes, urban amenities, and swoon-worthy architecture. The surprising part is that Cambridge wasn’t considered a city in Waterloo until 1973. Originally the province of Ontario actually had Cambridge as its city.
Cambridge, in 2019, had a population strength of 136,910 which is expected to increase by 28%, bringing the total up to 176,000. The city is one of the best-positioned cities in Canada due to its proximity to Highway 401, which connects it with the city of Toronto within 40 minutes. Cambridge is also the fastest-growing city within the municipality of Waterloo. The vibe of the city is eventful, happening, and vibrant, which is why it is a magnet for so many events. The city attracts people from all over the country to its festivals, namely: the Cambridge History Festival, the Jazz Festival, and Christmas.
If you’re an art and drama fan, you’ll like it here in Cambridge. The Dunfield Theatre, which was built in 2013, attracts youngsters to the most amazing arts and culture performance spot. The theater was a partnership project between the federal, provincial, and municipal govt of Cambridge. The Dunfield Theatre is a 59,000-square-foot complex with the ability to flaunt the gems of arts and cultures in front of a horde of audience.
The main purpose of this theater was to strengthen the economy of Cambridge. We all know Cambridge boasts of the strongest businesses in Canada, which is why it has a super strong economy. The city garners Toyota Motor Manufacturing Canada as the biggest job provider in the city. Other corporates, including Loblaw Company Limited, Frito-Lay Canada, and ATS Automation, are some examples of this employer-packed city.
Average Prices Of Condos for Sale Cambridge
The average resale price for all types of condos for sale Cambridge is currently around $524,000, which results in an annual increase of 17%. The rental rate in the city is $1163, which results in an annual rental appreciation rate of 2.2%. Cambridge is the second most expensive city in the tri-city area, proving its rock-strong economy. Condos for sale Cambridge are by far the demanded properties in Canada due to several reasons, some of which will be revealed below.
List Of New condos for sale Cambridge
61 Ainslie Street South
Development by: TBA 61 Ainslie St S, Cambridge, ON N1R 3K4 Condo Prices TBA
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193 Water Street South
Development by: LJM Developments 193 Water St S, Cambridge, ON N1R 3L7 Townhome Prices TBA
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Modal At Main
Development by: Reid’s Heritage Homes Franklin Blvd and Main St, Cambridge, ON Townhome Prices TBA
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1065 Speedsville Rd
Development by: New Horizon Development Group
1065 Speedsville Rd, Cambridge, ON N3H 4R6
Condo Prices TBA
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City Of Cambridge: Condos for sale Cambridge
The city is a neighbor to Kitchener and Waterloo. This is good news for those residing in Cambridge because of the increased number of post-secondary schools in the tri-city area. For those who are about to attend university, Costenga College is famous in Cambridge for enrolling a huge amount of students. Almost 30,000 students get enrolled in Costenga College on an annual basis. Universities like Wilfrid Laurier University, the University of Waterloo, and the University of Guelph are all closer options to Cambridge.
Cambridge is abundant in natural amenities. The rivers that run through Cambridge not only provide aesthetic beauty but also fill the soil with micronutrients resulting in rich, farm-fresh produce. The most famous Grand River runs from north to south while taking several rivulets in it. You’ll find lush greenery and no dearth of forests.
Cambridge is also home to several parks, recreational areas, and trails that entertain people all the time. The city doesn’t skimp on parks. In less than a century, Cambridge has as many as 99 parks with more than 140 sports fields. If you love sports and are looking to build a career in it, Cambridge’s sports field will offer you what you need. The 900 acres of parkland in Cambridge were built to keep the comfort of people in mind.
Cambridge, Ontario is a beautiful city that is strategically located in the GTA, making it a prime destination for people who want to live near the city but away from the hustle and bustle. Condos in Cambridge Ontario for sale are the best choice since the city is easily accessible from all major highways and is in close proximity to Kitchener-Waterloo, Guelph, and Toronto. Condos in Cambridge Ontario for sale offer residents the benefit of being close to everything they need, from shopping centers to restaurants, parks, and recreational facilities.
Condos in Cambridge Ontario for sale are more affordable than single-family homes, making them an attractive option for first-time homebuyers or people looking to downsize. Owning condos in Cambridge Ontario for sale is a great investment opportunity, as the city is growing and the value of properties is expected to appreciate in the coming years.
Many of the condos in Cambridge Ontario for sale offer their residents a wide range of amenities, such as fitness centers, swimming pools, and community rooms. These amenities are designed to make life more convenient and comfortable for residents, while also promoting a sense of community and social interaction among neighbors.
One of the biggest advantages of owning condos in Cambridge Ontario for sale is the low maintenance required. Condo owners don’t have to worry about mowing lawns, shoveling snow, or maintaining the exterior of the building. This means that residents can enjoy more free time to do the things they love, without the added stress of home maintenance. Condo associations take care of common areas and utilities, which means that residents pay a fixed monthly fee to cover these expenses.
For people who love walking with natural scenes in the background and forefront, Cambridge has more than 70 kilometers of natural trails that will stun you.
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Transit And Accessibility In Cambridge
Cambridge is a city that is well-known for its excellent public transportation system. The city has a great network of buses, subways, and trains that make it easy for residents to get around.
Cambridge is also known for its accessibility, as it is a city that is designed to be walkable, with many shops, restaurants, and other amenities located within walking distance of residential areas. This combination of good transit and accessibility has had a significant impact on new condos prices in Cambridge.
New condos for sale Cambridge that are located close to public transportation and other amenities tend to be more valuable, as they are more convenient for residents. For example, New condos for sale Cambridge that are located near a subway station or a bus stop tend to be more expensive than those that are farther away.
This is because residents who live near public transportation can easily access the city’s many amenities, including shopping, dining, and entertainment, without having to rely on their cars. Likewise, pre-construction condos for sale that are located within walking distance of shops, restaurants, and other amenities are also more valuable.
This is because residents who live in these areas can easily walk to these businesses, which is not only convenient but also promotes a healthier lifestyle. Overall, the transit and accessibility in Cambridge have had a positive impact on both the city’s residents and its new preconstruction condos market. With a great public transportation system and a focus on walkability, Cambridge is a city that is designed to be both convenient and comfortable for its residents.
Entertainment In Cambridge
Cambridge has a lot to offer when it comes to entertainment. From museums and art galleries to theaters and cinemas, there’s something for everyone here. But did you know that entertainment also has a significant impact on the price of condos for sale Cambridge?
The demand for housing in a location is directly proportional to the entertainment options available in that location. In Cambridge, the abundance of entertainment options has led to the city becoming a popular destination for both tourists and residents.
This has resulted in an increase in demand for housing, which in turn has led to an increase in real estate prices. People are willing to pay more for a house if it is located near popular entertainment venues. This makes Cambridge an ideal location buying condos for sale Cambridge.
The city’s entertainment scene is constantly evolving, with new attractions and events being added all the time. This means that there is always something new and exciting to look forward to in Cambridge. Whether you’re a resident or a visitor, the entertainment options in Cambridge are sure to keep you busy and entertained.
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