40 Tannery Street 265
Cambridge, N3C 2B9
FOR SALE
$325,000

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BEDROOMS2
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Property Description
Welcome to Village Square, 40 Tannery Street East, in the heart of Hespeler's charming and walkable downtown core. This unique two-storey condominium townhouse is a rare find, offering the privacy and feel of a house with the low-maintenance simplicity of condo living. The freshly painted home features a bright galley-style kitchen with updated laminate flooring, white cabinetry, granite countertops, and a full suite of appliances including refrigerator, stove, and built-in microwave. A separate dining room with chandelier lighting and large window flows naturally from the kitchen, while the generous living room offers a sliding glass door walk-out to your own private open terrace, where you'll enjoy treetop views and open sky. A two-piece powder room completes the main level. Upstairs, two well-sized carpeted bedrooms offer quiet retreat, each with baseboard heating and good natural light and vertical blinds. The four-piece renovated bathroom features a full vanity with storage and a tub-shower combination that has been renewed. A dedicated laundry and storage room with full-size Crosley washer and dryer rounds out the upper floor beautifully. Step outside and you are immediately immersed in the best of Hespeler Village. Forbes Park and its beloved annual Music Festival are right next door, along with the Hespeler Tennis Club courts, the W.G. Johnson Recreation Centre, the Speed River trail system, and the historic Carnegie-style Idea Exchange library. Local breweries, restaurants, cafes, and the popular Friday summer Hespeler Village Market are all within easy walking distance. Transit, places of worship, and the fire station are all nearby. This is an opportunity to own a piece of one of Cambridge's most vibrant and fiercely independent communities. Come see it for yourself.
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Property Features
Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, River/Stream, None, Surface, In-Suite Laundry
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Property Details
Address
40 Tannery Street 265
City
Postal Code
N3C 2B9
Property Type
Condo Townhouse, Condo Townhouse
Zoning
C1RM2
Taxes
$2,465 (2026
Basement
None
Heat Type
Baseboard
Heat Source
Electric
Parking Spaces
1
Parking 1
Exclusive
Garage Type
None
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Listing contracted with Re/Max Twin City Realty Inc.
Think you can't afford to own? Run the numbers - this one might surprise you. This 2 bedroom, three-level townhouse with 2nd floor laundry room, offers a rare entry point into homeownership for first-time buyers, and a near-turnkey income property for investors seeking real cash flow. With market rents at $1,900/month and fixed costs (taxes + condo fee) of just $409/month, the remaining $1,491 goes straight toward your mortgage - at 20% down, this property is positioned to nearly carry itself. Inside, an open-concept kitchen and living area is anchored by a cozy fireplace - the kind of space that feels like home the moment you walk in. Step outside to your own private patio, ideal for morning coffee or long summer evenings. Deck and deck rail will be replaced 2026/2027. Secure building entry and assigned parking add the everyday conveniences that make this an effortless place to live, or to rent. Four minutes from the commuter highway and surrounded by every shopping and lifestyle amenity you need. Move-in ready. Priced right. In a market where true value is hard to find, this is the one you've been waiting for. Purchase price: $329,900 - Down payment (20%): $65,980 - Mortgage amount: $263,920 - Rate: 4.5% / 12 = 0.375% per month - Term: 360 months - Using the standard mortgage formula, the monthly payment is $1,337.24. So the full monthly picture looks like this: Mortgage (P&I) $1,337.24 Condo fee$ $265.00 Property tax $143.58. Total monthly $1,745.82. Investors: Market rent $1,900.00 Monthly surplus+$154.18.
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