487 Elgin St N #10 is a 3-bedroom, 1-bathroom condo townhouse in Cambridge, listed for $340,000. It has 900-999 sq ft of living space.
1An excellent opportunity for first-time buyers, young families, or investors, the home features a bright main floor with a spacious living area that flows naturally into the dining space and kitchen.
2The kitchen offers ample space and a window overlooking the yard.
3Outside, enjoy a private fenced backyard with a patio.
Welcome to this 3-bedroom townhome in sought-after North Galt, offering a functional layout, plenty of natural light, and great potential to make it your own. An excellent opportunity for first-time buyers, young families, or investors, the home features a bright main floor with a spacious living area that flows naturally into the dining space and kitchen. Large windows bring in an abundance of natural light, creating a comfortable and inviting atmosphere throughout the main living areas. The kitchen offers ample space and a window overlooking the yard. Upstairs, you'll find three bedrooms and a 4-piece bathroom. The primary bedroom features double closets. The lower level provides plenty of opportunity for future customization. Outside, enjoy a private fenced backyard with a patio. Located in a quiet community with affordable condo fees, close to schools, parks, public transit, shopping, major amenities, and Highway 401. A home with good bones, a practical layout, great natural light, and plenty of potential for the future.
3 bedrooms, 1 bathroom, about 900 sq ft, works out to roughly $378 per square foot. Chat with Zara if you'd like a deeper read on whether this condo townhouse fits your budget and timing.
Inside 487 Elgin St N #10
Every detail from the listing, in one place.
Type
Condo Townhouse
Style
2-Storey
Living space
900-999 sq ftas stated on the listing
Basement
Full
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Condo Townhouse
487 Elgin St N #10 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,670
/mo
based on the purchase price of $340,000
$68,000 cash
$272,000 financed
$229,095 total interest
Principal54%$272,000
Interest46%$229,095
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Cambridge
Other 2–3 bed homes for sale in Cambridge around $340K.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio99.7%On average, homes sold below asking.
Active listings412Homes for sale here right now.
Median vs prior 90 days+2.2%Compared with May 10 – Aug 8, 2026: prices up.
Based on 430 sales from Aug 8 – Nov 6, 2026 (405 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 487 Elgin St N #10
How much is 487 Elgin St N #10 listed for?
487 Elgin St N #10 is listed at $340,000 (MLS® X13770386). Summitly updates the price as soon as the MLS® record changes.
Is $340,000 a good price for 487 Elgin St N #10?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Cambridge. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 487 Elgin St N #10 changed?
Yes — it was first listed at $357,500 and is now $340,000, a drop of $17,500 (4.9%).
How many bedrooms and bathrooms does 487 Elgin St N #10 have?
487 Elgin St N #10 has 3 bedrooms and 1 bathroom, with about 900–999 square feet of living space. It is a condo townhouse in Cambridge.
How much would the monthly mortgage be on 487 Elgin St N #10?
About $1,670 a month — principal and interest on $340,000 with 20% down ($68,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 487 Elgin St N #10 compare with other homes in Cambridge?
Its asking price of $340,000 is about 51% below the median sold price in Cambridge over the last 90 days, $690,000, across 430 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 487 Elgin St N #10 been sold before?
Summitly has no earlier MLS® sale or lease of 487 Elgin St N #10 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 487 Elgin St N #10?
487 Elgin St N #10 is in Cambridge, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 487 Elgin St N #10 been on the market?
56 days — 487 Elgin St N #10 was listed on September 11, 2026.
What is the price per square foot of 487 Elgin St N #10?
About $340 to $378 per square foot: the asking price of $340,000 over the 900–999 sq ft the listing gives as its size range.
Does 487 Elgin St N #10 have a basement, and is it finished?
The listing describes the basement as: Full.
What is the land transfer tax on 487 Elgin St N #10?
About $3,575 in Ontario land transfer tax at the asking price of $340,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
