688 PRESTON Parkway Unit# 702

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.

How this listing prices against Preston Heights.

Preston Heights recorded 4 sales and 17 active listings, which leaves this neighbourhood with more supply than recent deal flow. The average sale price was $495,750, one of the lower neighbourhood averages in Cambridge, and homes sold in 15.25 days at 98.28% of list. That combination points to active demand at the lower end of the market, even with ample choice available. Both freehold and condo sales occurred, giving the area a broader affordability profile than many Cambridge neighbourhoods.

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