$639,900
Cambridge
1346 KING Street East, Cambridge, Ontario, N3H3R1
This 4-bedroom, 3-bathroom home in Cambridge is for sale offering roughly 2,000 sq ft of space. Listed at $639,900, it is attractively priced about 9% below the $699,900 median asking price in Cambridge.
3 Units !!! 1344/1346 King Street offers an exceptional opportunity to get into the real estate market while generating rental income! This unique property features two semi-detached homes under one ownership currently being used as a duplex, plus a completely separate bachelor-style in-law suite, offering three self-contained living spaces with separate entrances. Whether you're a first-time buyer looking to offset your mortgage by living in one unit and renting the others, an investor seeking strong income potential, or a multi-generational family needing flexible living arrangements, this property offers outstanding value. One side of the home features two private entrances, a carpet-free main floor, bright open-concept living area, spacious kitchen with abundant cabinetry, double sinks and a breakfast bar island. Upstairs are two bedrooms and a four-piece bathroom. The second side also offers two separate entrances, a bright living room, modern kitchen with ample cabinetry and double sinks, main floor laundry with dinette, plus two bedrooms upstairs and a four-piece bathroom with tub/shower combination. The bonus bachelor-style in-law suite has its own private entrance, kitchenette and three-piece bathroom. It is currently rented but will be vacant at the end of August. The left-side unit is currently vacant, providing immediate occupancy for an owner. Significant updates were completed several years ago. Conveniently located close to schools, shopping, transit and everyday amenities, with parking for up to 10 vehicles. A rare opportunity to own a property that can help pay a substantial portion of your mortgage while building long-term wealth through real estate. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 96 days on market, against an average age of 57 days across the listings currently for sale in this city
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.
This 4-bed single family in Cambridge is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $639,900, about 7.8× the local median household income of $82,000.
Carrying it typically needs a household income of about $124,995 (20% down, 25-yr amortization, stress-tested) — roughly 52% above the area median.
Source: Statistics Canada, 2021 Census (FSA N3H)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.