Cambridge, Ontario:
It is the third city of the tri-city and considered as one of the most underrated city in Ontario. It was established in 1970 and located a halfway between London and Toronto. It is made up of three smaller cities that are Galt, Preston and Hespeler. Many of the buildings here are build more than 200 years ago but still are intact and provide historic feel and atmosphere.
With the grand running through the entire city, Cambridge is the meeting point of the speed and grand rivers. This makes a fantastic view due to which a larger portion of the city populate the parks and the trails. The prestige trails make an unforgettable trip either you are going on a solo walk or on the stroll with the family. The Cambridge Mill, situated on the Grand River, hosts weddings and other events is a premier place in the city. So, wherever you go in the city river is not very far.
The city is an ideal place to live if you love the active lifestyle. An area of 365 hectares go along with 70KM of biking, hiking, and walking trails. There are more than 100 parks in the city. The common activities in which the residents are taking part are kayaking, running, fishing, canoeing and many more.
One of the best things about the city is its location. Toronto is 97KM and the London is 99KM of the Cambridge on both sides of highway 401. Guelph, Kitchener and waterloo are on the short drive which makes its residents feel of living in small town along with big city amenities.
Cambridge is a growing hub of business. Many big box stores are choosing to open locations in the city. There are six locations of SAIL in Ontario out of which one is in Cambridge. Thanks to the growing population and proximity to larger cities many businesses will follow the by realizing the potential of the city.
The city is very affordable as compared to other nearby cities. The average price of a 2 bedroom with one bathroom detached house in Cambridge is $250K, a 3 bedroom with 3 bathroom is of $485K, and a 4 bedroom house with 4 bathroom is of $696Kand a 5 bedroom house is of $815K. The average price of a 2 bedroom townhouse is $321K and of a 3 bedroom townhouse is $390K. While the average price of a condominium house in Cambridge is $260K. Depending on location and building the apartments are cheaper than many other nearby cities.
The average days of a property in the market that ranges from $250K-$500K are 11 days. While for a property ranging from $500K-$750K are 10 days. And the property that ranges from $750K-$1M takes 9 days to sell out.
There are 17 new developments in Cambridge, Canada. Out of these 2 are condo developments of which 400 units are currently under construction. From the remaining developments 6 are single family developments while 9 are the townhouse developments.
