Description

Build your next chapter in Preston! This vacant residential lot at 1271 Hamilton Street offers approximately 39 feet of frontage and 80 feet of depth in an established neighbourhood. Downtown Preston's shops, restaurants, parks and everyday amenities are close by, with Highway 401 a short drive away.Whether you're planning a home for yourself or exploring a building project, this lot offers a chance to create something that suits your goals. There may be potential for up to three residential units, subject to the proposed design, zoning requirements and City approvals. An illustrative home rendering from an HCRA-licensed builder is available upon request. (id:66096)

Market Timing

Days on market

84d

Cambridge listings, avg age

57d

List price

$199K

Homes here sell faster than most markets

Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 99.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (N3H)

This home lists at $199,000, about 2.4× the local median household income of $82,000.

Carrying it typically needs a household income of about $38,872 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $82,000
Population: 24,306
Median age: 40.8
Owner / renter: 62% / 38%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N3H)

$199,000

For sale

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Financing

Need a commercial mortgage?

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1271 Hamilton Street, Cambridge - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N3H)

Book a showing

Need a commercial mortgage?