$799,999

For sale

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32 Jaffray Street, Cambridge - Multi-family for Sale

32 Jaffray Street, Cambridge, Ontario, N1R3H9

5 beds3 baths6 parking ft²

100 Queen Street West, Cambridge, Ontario, N3C1G3

4 bd2 ba4 pk1,750 ft²Lot size 45 × 144 ft (6,480 sq ft)

Listed by HOMELIFE/MIRACLE REALTY LTD

332 QUEEN Street West, Cambridge, Ontario, N3C1G8

For saleJust listed

2 days ago

$700K

332 QUEEN Street West, Cambridge, Ontario, N3C1G8

2 bd4 pk1,941 ft²

Listed by RE/MAX Twin City Realty Inc.

12 TAIT Street, Cambridge, Ontario, N1S3C2

For saleJust listed

2 days ago

$700K

12 TAIT Street, Cambridge, Ontario, N1S3C2

4 bd2 ba3 pk1,964 ft²

Listed by Affinity Real Estate Inc

For sale

8 days ago

$700K

100 QUEEN Street West, Cambridge, Ontario, N3C1G3

4 bd2 ba4 pk1,812 ft²

Listed by HOMELIFE MIRACLE REALTY LTD.

Investment analysis

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$799,999

Cambridge

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40 × 108 ft (4,320 sq ft) lot size

Overview

This multi-family property in Cambridge is for sale offering roughly 1,750 sq ft of space. It has been on the market 22 days, fresher than the Cambridge average of 57 days.

Multi-Family Properties for Sale in Cambridge →All real estate in Cambridge →

Description

Solid, purpose built tri-plex in a convenient Cambridge location. 32 Jaffray features three self-contained units (2 x 2-bedroom and 1 x 1-bedroom) with tenants in place. The 2-bedroom mix is a plus for tenant demand and long-term stability. Detached 3 car garage is ideal for additional parking or storage. Close to transit, schools, shopping, and major routes. A straightforward addition to any rental portfolio, and a natural pairing with the adjacent triplex at 34 Jaffray for investors wanting scale. Showings by appointment with proper tenant notice. (id:66096)

Property Details

MLS®: X13901428
Property Type: Multi-family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 3
Parking: 6
Interior Size: 1,750 ft²
Lot Size: 40 × 108 ft (4,320 sq ft)
Frontage: 40 ft
Storeys: 1
Basement: Apartment in basement, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Listed: 22 days ago

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Foundation: Block
Exterior: Vinyl siding, Concrete Block

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Cambridge listings, avg age

57d

Price / ft²

$457

List price

$800K

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 99.9 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 5-bed multi-family in Cambridge has been listed for 22 days, which is 35 days fresher than the city average of 57. Act while there is still low competition.

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Listed by Bosley Real Estate Ltd. · CHRIS WEHRLE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1R)

This home lists at $799,999, about 10.4× the local median household income of $77,000.

Carrying it typically needs a household income of about $156,268 (20% down, 25-yr amortization, stress-tested) — roughly 103% above the area median.

Median household income: $77,000
Population: 42,928
Median age: 40.8
Owner / renter: 59% / 41%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N1R)

$799,999· $457/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,999.90

Min 6.87%50%

Mortgage payment$4,130/mo

↳ CMHC premium ($29,800 capitalized)

Est. property tax$0/mo

Total monthly$4,130

Cash Needed to Close

Down payment (6.87%)$55,000

Land transfer tax$12,475

Est. closing costs$4,900

Total cash needed$72,375

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