505 Margaret St #410 is a 2-bedroom, 1-bathroom condo in Cambridge, listed for $424,999. It has 800-899 sq ft of living space.
1The layout is open, comfortable, and easy to live in, showcasing rich flooring, crown moulding, and sliding doors out to your private covered balcony.
2The kitchen offers abundant storage, stainless steel appliances, and a welcoming breakfast bar peninsula.
3Right off the kitchen, discover a dedicated den perfect for a quiet home office, creative zone, or reading nook.
Top-floor turnkey living in the heart of Preston! Perched on the top floor with quiet, open views, this bright 2-bedroom plus den suite has been beautifully refreshed with modern countertops, refaced kitchen cabinets, updated pot lights and switches, fresh paint throughout, and a newly updated bathroom featuring a sleek double vanity. The layout is open, comfortable, and easy to live in, showcasing rich flooring, crown moulding, and sliding doors out to your private covered balcony. The kitchen offers abundant storage, stainless steel appliances, and a welcoming breakfast bar peninsula. Right off the kitchen, discover a dedicated den perfect for a quiet home office, creative zone, or reading nook. Both bedrooms are spacious and bright, highlighted by a primary retreat with a large picture window and generous walk-in closet.Premium parking and storage perks include one deeded, heated underground parking space equipped with an included prefabricated storage locker, plus complimentary access to the building's secure bike storage room. The well-managed building also recently completed refreshed paint and new carpeting throughout all common hallways! Additional amenities include a party room, a bookable guest suite ($50/night), and pet-friendly living (pets under 40 lbs welcome). Located directly across from Ed Newland Pool and Civic Park, an easy walk to downtown Preston cafes and dining, and just minutes to Highway 401. Exceptional, low-maintenance living at its finest!
2 bedrooms, 1 bathroom, about 800 sq ft, works out to roughly $531 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 505 Margaret St #410
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
800-899 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
505 Margaret St #410 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14153164$424,999
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 505 Margaret St #410 Compares to the Cambridge Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$2,088
/mo
based on the purchase price of $424,999
$85,000 cash
$339,999 financed
$286,368 total interest
Principal54%$339,999
Interest46%$286,368
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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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Cambridge
Other 2–3 bed homes for sale in Cambridge around $425K.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio99.7%On average, homes sold below asking.
Active listings426Homes for sale here right now.
Median vs prior 90 days+1.9%Compared with May 9 – Aug 7, 2026: prices up.
Based on 436 sales from Aug 7 – Nov 5, 2026 (404 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 505 Margaret St #410
How much is 505 Margaret St #410 listed for?
505 Margaret St #410 is listed at $424,999 (MLS® X14153164). Summitly updates the price as soon as the MLS® record changes.
Is $424,999 a good price for 505 Margaret St #410?
Summitly rates it Good Deal: the asking price is 3% to 10% 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 505 Margaret St #410 changed?
No — 505 Margaret St #410 is still listed at its original asking price of $424,999.
How many bedrooms and bathrooms does 505 Margaret St #410 have?
505 Margaret St #410 has 2 bedrooms and 1 bathroom, with about 800–899 square feet of living space. It is a condo in Cambridge.
How much would the monthly mortgage be on 505 Margaret St #410?
About $2,088 a month — principal and interest on $424,999 with 20% down ($85,000), 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 505 Margaret St #410 compare with other homes in Cambridge?
Its asking price of $424,999 is about 38% below the median sold price in Cambridge over the last 90 days, $687,500, across 436 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 505 Margaret St #410 been sold before?
Summitly has no earlier MLS® sale or lease of 505 Margaret St #410 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 505 Margaret St #410?
505 Margaret St #410 is in Cambridge, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 505 Margaret St #410 been on the market?
3 days — 505 Margaret St #410 was listed on November 2, 2026.
What is the price per square foot of 505 Margaret St #410?
About $473 to $531 per square foot: the asking price of $424,999 over the 800–899 sq ft the listing gives as its size range.
Does 505 Margaret St #410 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 505 Margaret St #410 have a basement, and is it finished?
The listing says 505 Margaret St #410 has no basement.
