155 Water St S

155 Water Street South in Cambridge is a seven-storey mid-rise apartment condominium completed in 2015, situated in the vibrant downtown core near the Grand River and Gaslight District. The building comprises approximately 850-square-foot units that have sold around $505,000 in recent transactions, with active listings averaging roughly $387,000 and rents near $1,700 monthly. Condo fees average about $485 per month, or $0.67 per square foot, and include building insurance. Units feature in-suite laundry, assigned parking, and wraparound or oversized balconies; many also access a rooftop terrace. The location offers easy access to downtown shops, restaurants, Grand River trails, and nearby schools. Before making an offer, prospective buyers should retain a lawyer or qualified professional to review the status certificate, reserve fund study, financial statements, board minutes, insurance documentation, and condo by-laws.