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$ 614,900
Est. payment | /mo
4 Beds
2 Baths
1,488 SqFt
$ 614,900
Est. payment | /mo
4 Beds
2 Baths
1,488 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1488
Square Footage 1,488 sqft
Price per Sqft $413
Subdivision 30 - Elgin Park/Coronation
MLS® Listing ID 40836991
Bedrooms 4
Property Sub-Type Freehold
Property Description
This beautiful duplex is located in the heart of Cambridge and features two separate units...each with its own hydro meter, making it ideal for investors, multi-generational families, or buyers seeking flexible options. Owning a home of this nature, you have freedom to set your own rents, move into one unit while renting out the other, or fully lease the property for maximum income potential. This is an Investors dream, the City of Cambridge recently implemented a zoning overhaul allowing this property to accommodate up to a total of 4 units. Whether you're looking for a strong investment or a smart way to balance homeownership with income generation, this welcoming home delivers on every front. The second owner has lovingly maintained this smoke-free and pet-free home for the past 23 years. Both living areas...main level and upper level, are self-contained with separate entrances and has their own living-room, kitchen, bathroom and 2 bedrooms. The partially finished, full basement has laundry facilities and plenty of storage space. Additionally for energy savings, a Nest thermostat is provided. Situated on a premium wide lot on a quiet, low-traffic, no-through Avenue, the property also features a mature treed yard, sunny patio, private outdoor space (partially fenced-in), and a long paved driveway accommodating multiple vehicles. Conveniently located directly across from Cambridge Memorial Hospital and just minutes to downtown Cambridge, Highway 401, public transit, shopping, restaurants, schools, and parks. This property offers an exceptional combination of comfort, location, and everyday practicality. This is a unique opportunity to own Income potential property, that possesses a 57 ft frontage! DON'T MISS OUT VIEWING THIS HOME! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Exterior
Parking Features No
Community Features Quiet Area, Community Centre
View Y/N No
Attached Garage No
Total Parking Spaces 5
Garage No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RED AND WHITE REALTY INC.
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