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Basara.

Cambridge · Preston Heights · Townhouse · MLS# 40817108

688 PRESTON Parkway Unit# 702

$449,900

3

bed

2

bath

1,395

sqft

Townhouse · $323/sqft

Ask an agent about this property

Listed April 2, 2026

About this home.

RARE Offering! Spacious 7th floor 3 bedroom, 2 full bath, 2 car parking corner condo with view of Grand River from the 147 sq. ft. covered balcony. Located in a quiet building close to the 401, Conestoga College, shopping and trails on bus route. Building features workout room, party room, secure entrance, indoor bike storage with no pets and no smoking regulations. All three large bedrooms by any measure are unique on the market for condo living. The primary bedroom suite features large windows, walk in closet, with separate heating, private updated 4 piece ensuite bath with tiled heated floor with shower stall and storage. Corner bedroom could be used as a media room, bedroom or home office with large corner windows for city view. Open concept kitchen, dining room and living room feature laminate flooring in kitchen, island with high efficiency appliances overlooking patio doors to balcony and electric fireplace. Dining and living room are broadloomed carpeted with textured ceiling. The condo unit features exclusive in suite carbon water filter for all water and filtered tap water in kitchen. In suite seperate storage room is great for use as a pantry off kitchen for additional kitchen cabinet space. Large balcony is covered and open with expansive views over open space and the meandering Grand River. Two deeded parking spaces is a huge bonus and can be rented out. Monthly costs including utilities, condo fees, 2 car parking and property taxes currently total $1,290.00. Upgrades include kitchen, ensuite bath, flooring, patio door, filtration system, common areas, parking surface. The updated heat pumps are great for zone heating and all bedrooms and bathrooms have seperate heat controls. This is wonderful opportunity for those hoping to downsize or tenants looking for more room and ownership. (id:59491)

The full record.

Property typeTownhouse
Square footage1,395 sqft
Lot size0
Bedrooms3
Bathrooms2
HeatingBaseboard heaters,,Heat Pump, ,Electric,
CoolingDuctless
ListedApril 2, 2026

How this listing prices against Preston Heights.

3

Sales

$515,000

Median price

10

Days on market

98.3%

% of list

17

Active listings

N/A

Months supply

Preston Heights recorded 3 sales and 17 active listings, one of the softer inventory balances in Cambridge. The average price was $452,667, making it one of the city's more affordable neighbourhoods, and homes sold in just 10.3 days at 98.28 percent of list, which shows buyers are responsive when pricing aligns. The neighbourhood is split between low-priced condos and modest freeholds, but overall supply is still heavy relative to sales.

Read the full Cambridgereport →

Estimate the monthly carry.

Down payment
%($89,980)
Mortgage rate
%
Amortization
years

Estimated monthly payment

$2,060

Principal$359,920
Total interest$258,157
Total paid$618,077

Estimate only. Excludes property tax, condo fees, and insurance.

Questions on this property?

Neso Basara

RE/MAX Icon Realty

Waterloo Region

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688 PRESTON Parkway Unit# 702, Cambridge — $449,900