Property Type: Detached HouseOwnership: Freehold

229 WATER Street N

Cambridge, BC N1R3B9

$399,900

3 bed2 bath4 parking1,574 sqft
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Property Details

Property & Lot

Sub-type
House
Stories
2
Frontage
46 feet

R5

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,274

Interior

Basement
Unfinished, Crawl space
Heating
Baseboard heaters
Cooling / A/C
Window air conditioner
Fireplace
None

Exterior & Lot

Exterior features
Concrete, Brick

Building

Foundation
Block
Water source
Municipal water
Sewer
Municipal sewage system

Parking

Total spaces
4 — uncovered indicated
Features
Open

Room Dimensions

RoomLevelDimensions
Living roomMain level14'4'' x 13'10''
Family roomMain level10'6'' x 15'6''
3pc BathroomMain level
BedroomMain level10'0'' x 8'11''
Primary BedroomMain level12'0'' x 8'11''
KitchenMain level14'3'' x 11'3''
FoyerMain level4'0'' x 6'4''
OfficeSecond level12'0'' x 8'3''
DenSecond level3'7'' x 7'5''
Primary BedroomSecond level10'2'' x 11'4''
3pc BathroomSecond level
Living roomSecond level12'0'' x 11'10''
KitchenSecond level11'6'' x 11'5''

Listing Information

MLS®
40847807
Listed
July 22, 2026
Time on market
On the market for 54 days
Data last synced
September 15, 2026

Listing provided by: RE/MAX REAL ESTATE CENTRE INC. · Data source: CREA DDF.

Description

Home in the Heart of Galt, Cambridge! This property features 3 bedrooms and 2 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. (id:63159)

Values & Trends

This listing

$254/sqft

Building average

No other active listings in this building

30 - Elgin Park/Coronation average

$426/sqft

10 active listing(s)

Parking: 4 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Guelph

20°C

Humidity 58%

Wind S 10 km/h

Today

23°

Tonight

17°

Wednesday

26°

Wednesday night

12°

Thursday

24°

Thursday night

11°

Source: Environment and Climate Change Canada.

Population

139,163

(2021 Census)

+6.6% since 2016

Density: 615.3/km²

Dwellings: 53,491

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

No schools found within a reasonable distance of this property.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,920.00
Periodic payment — Principal & Interest (monthly)$2,064.02
Additional monthly expenses (strata, tax, utilities, etc.)$351.83
Total monthly cost$2,415.85
Interest paid over 5-yr term$91,689.99
Balance at end of term$287,769.07

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,995
Stress test qualifying rate8.09%
Payment you must qualify for$2,921.34

Cash Needed at Closing

Minimum down payment$19,995
Estimated BC PTT$5,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,493

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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