505 Margaret St #205 is a 2-bedroom, 1-bathroom condo in Cambridge, listed for $374,999. It has 800-899 sq ft of living space.
1Both bedrooms feature durable laminate flooring and generouscloset space.
2The choice end-unit location provides extra peace and quiet.
3Enjoy premium perks like heatedunderground parking, secure bike storage, an on-site party room, and a convenient bookable guest suite ($50/night).Pets under 40 lbs are welcome!
Welcome to this spacious, bright, and completely carpet-free 2-bedroom condo in highly desirable North Preston!Move-in ready with low maintenance fees in a beautifully maintained, well-managed building that recently refreshedall common area paint and carpets. The ultra-functional, open-concept layout maximizes every square foot, flowinginto a bright kitchen with abundant cabinetry, a breakfast bar peninsula, and a sun-drenched living room with slidingglass doors opening to your private 59 sq ft balcony. Both bedrooms feature durable laminate flooring and generouscloset space. The choice end-unit location provides extra peace and quiet. Enjoy premium perks like heatedunderground parking, secure bike storage, an on-site party room, and a convenient bookable guest suite ($50/night).Pets under 40 lbs are welcome! Unbeatable location directly across from Ed Newland Pool and Civic Park, an easystroll to trendy downtown Preston cafes and dining, and just minutes to Hwy 401. Don't miss this perfect blend oflifestyle, location, and affordability!
2 bedrooms, 1 bathroom, about 800 sq ft, works out to roughly $469 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 #205
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
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
1 Storey/Apt
Property class
Condo Apartment
505 Margaret St #205 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14179392$374,999
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 505 Margaret St #205 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
$1,842
/mo
based on the purchase price of $374,999
$75,000 cash
$299,999 financed
$252,678 total interest
Principal54%$299,999
Interest46%$252,678
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 1–3 bed homes for sale in Cambridge around $375K.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio99.7%On average, homes sold below asking.
Active listings414Homes for sale here right now.
Median vs prior 90 days+3.1%Compared with May 17 – Aug 15, 2026: prices up.
Based on 436 sales from Aug 15 – Nov 13, 2026 (408 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
1 for sale at 505 Margaret St — plus its sale and lease history.
505 Margaret St #205 is listed at $374,999 (MLS® X14179392). Summitly updates the price as soon as the MLS® record changes.
Is $374,999 a good price for 505 Margaret St #205?
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 505 Margaret St #205 changed?
No — 505 Margaret St #205 is still listed at its original asking price of $374,999.
How many bedrooms and bathrooms does 505 Margaret St #205 have?
505 Margaret St #205 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 #205?
About $1,842 a month — principal and interest on $374,999 with 20% down ($75,000), 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 #205 compare with other homes in Cambridge?
Its asking price of $374,999 is about 46% below the median sold price in Cambridge over the last 90 days, $696,000, 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 #205 been sold before?
Summitly has no earlier MLS® sale or lease of 505 Margaret St #205 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 505 Margaret St #205?
505 Margaret St #205 is in Cambridge, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 505 Margaret St #205 been on the market?
505 Margaret St #205 was listed today (November 13, 2026).
What is the price per square foot of 505 Margaret St #205?
About $417 to $469 per square foot: the asking price of $374,999 over the 800–899 sq ft the listing gives as its size range.
Does 505 Margaret St #205 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 505 Margaret St #205 have a basement, and is it finished?
The listing says 505 Margaret St #205 has no basement.
