$299,000

$310,000For salePrice drop↓ $11,000 (4%)

10 GREENWOOD Avenue, Cambridge, Ontario, N1R2Y4

5 bd2 ba4 pk1,015 ft²

Listed by HOMELIFE MIRACLE REALTY LTD

62 BLUEROCK Crescent, Cambridge, Ontario, N1R7B8

For saleJust listed

Today

$700K

62 BLUEROCK Crescent, Cambridge, Ontario, N1R7B8

3 bd2 ba4 pk2,015 ft²Lot size 6,316 sq ft (0.14 ac)

Listed by R W Dyer Realty Inc., Brokerage

11 Mclaughlin Street, Cambridge, Ontario, N3C4M4

For saleJust listed

Today

$850K

11 Mclaughlin Street, Cambridge, Ontario, N3C4M4

3 bd3 ba5 pk1,300 ft²Lot size 54 × 115 ft (6,188 sq ft)

Listed by Royal LePage Royal City Realty

44 Osgoode Street, Cambridge, Ontario, N3C0E8

For saleJust listed

Today

$825K

44 Osgoode Street, Cambridge, Ontario, N3C0E8

4 bd3 ba6 pk1,750 ft²Lot size 38 × 82 ft (3,083 sq ft)

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Investment analysis

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$299,000

Cambridge

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1504 Concession Road, Cambridge - Single Family for Sale

1504 Concession Road, Cambridge, Ontario, N3H4L9

0 beds0 baths1 parking350 ft²50 × 100 ft (5,025 sq ft) lot sizeListed 124 days ago

Overview

This home in Cambridge is for sale offering roughly 350 sq ft of space.

Houses for Sale in Cambridge →All real estate in Cambridge →

Description

Incredible development opportunity in the heart of Cambridge! Build a lucrative "plex" investment property or your own custom home in a highly desirable, amenity-rich neighbourhood. Walking distance to schools, groceries, pharmacies, and hospitals, and just one minute from the bustling Hespeler Road retail corridor. The site features municipal water and sewer availability and holds excellent development advantages. Formerly a Hydro building (decommissioned in 2000), vital environmental milestones are already met: Phase One / Two Environmental Site Assessments (ESAs), and a Risk Assessment (RA) have been completed by certified third party consultant to support filing a Record of Site Condition (RSC), which is required for residential development. The ESA studies will be requiring updating before filing for RSC. A pre-consultation application for a multi-unit residential building was submitted to the City of Cambridge. However, due to other commitments, the application was not pursued further. Corner lot (Concession and Bishop) (id:66096)

Property Details

MLS®: X13518134
Property Type: Single Family
Zoning: R4
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 0
Parking: 1
Interior Size: 350 ft²
Lot Size: 50 × 100 ft (5,025 sq ft)
Frontage: 50 ft
Basement: Crawl space
Heating: Other, Other
Cooling: None
Garage: Other, No Garage
Ownership: Freehold
Property Tax: $2,419.49/yr
Listed: 124 days ago

Features

Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

124d

Cambridge listings, avg age

57d

Price / ft²

$856

List price

$299K

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.

Haho

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Listed by CITYSCAPE REAL ESTATE LTD. · AAMIR SOHAIL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3H)

This home lists at $299,000, about 3.6× the local median household income of $82,000.

Carrying it typically needs a household income of about $58,405 (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)

$299,000· $856/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,950

Min 5%50%

Mortgage payment$1,575/mo

↳ CMHC premium ($11,362 capitalized)

Property tax (est.)$202/mo

Total monthly$1,776

Cash Needed to Close

Down payment (5%)$14,950

Land transfer tax$2,960

Est. closing costs$3,397

Total cash needed$21,307

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice