$699,900

For saleJust listed

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332 QUEEN Street West, Cambridge - Multi-family for Sale

332 QUEEN Street West, Cambridge, Ontario, N3C1G8

2 beds0 baths4 parking

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

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.

176 Samuelson Street, Cambridge, Ontario, N1R1K3

For sale

9 days ago

$600K

176 Samuelson Street, Cambridge, Ontario, N1R1K3

4 bd3 ba5 pk1,300 ft²

Listed by RE/MAX TWIN CITY REALTY INC.

Investment analysis

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$699,900

Cambridge

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Overview

This multi-family property in Cambridge is for sale offering roughly 1,941 sq ft of space. It has been on the market 2 days, fresher than the Cambridge average of 57 days.

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

Description

Excellent opportunity to own a legal duplex just minutes from downtown Hespeler Village! Enjoy the convenience of being close to local shops, restaurants, the library and other amenities. (id:66096)

Property Details

MLS®: 40875664
Property Type: Multi-family
Zoning: R1
Bedrooms: 2
Bathrooms: 0
Parking: 4
Interior Size: 1,941 ft²
Frontage: 48 ft
Units: 1
Year Built: 1900
Storeys: 2
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: None
Ownership: Freehold
Property Tax: $4,877.7/yr
Listed: 2 days ago

Features

Foundation: Stone
Exterior: Brick

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Cambridge listings, avg age

57d

Price / ft²

$361

List price

$700K

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 2-bed multi-family in Cambridge has been listed for 2 days, which is 55 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX Twin City Realty Inc. · BILL O'NEILL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3C)

This home lists at $699,900, about 6.1× the local median household income of $114,000.

Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 20% above the area median.

Median household income: $114,000
Population: 27,518
Median age: 38.8
Owner / renter: 84% / 16%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N3C)

$699,900· $361/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,990.00

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,196 capitalized)

Property tax (est.)$406/mo

Total monthly$4,037

Cash Needed to Close

Down payment (6.43%)$44,990

Land transfer tax$10,473

Est. closing costs$4,600

Total cash needed$60,063

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