$699,999

For sale

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34 Jaffray Street, Cambridge - Multi-family for Sale

34 Jaffray Street, Cambridge, Ontario, N1R3H9

4 beds3 baths5 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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$699,999

Cambridge

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Description

Great opportunity to own a tenanted triplex with a bonus shop, all on its own title. 34 Jaffray offers three residential units (2 x 1-bedroom and 1 x 2-bedroom) plus a detached shop, perfect, for storage, additional parking or for personal use. Great location, close to transit, shopping, the 401 and downtown Cambridge amenities. Ideal for investors looking for steady rental income with added flexibility. Available on its own, or ask about the neighbouring triplex at 32 Jaffray. (id:66096)

Property Details

MLS®: X13901464
Property Type: Multi-family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 3
Parking: 5
Interior Size: 1,300 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
Property Tax: $4,924/yr
Listed: 22 days ago

Market Timing

Days on market

22d

Cambridge listings, avg age

57d

Price / ft²

$538

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.

Area context

Neighbourhood profile (N1R)

This home lists at $699,999, about 9.1× the local median household income of $77,000.

Carrying it typically needs a household income of about $136,734 (20% down, 25-yr amortization, stress-tested) — roughly 78% 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)

$699,999· $538/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,999.90

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,200 capitalized)

Property tax (est.)$410/mo

Total monthly$4,042

Cash Needed to Close

Down payment (6.43%)$45,000

Land transfer tax$10,475

Est. closing costs$4,600

Total cash needed$60,075

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

34 Jaffray Street, Cambridge - Multi-family for Sale

Rental cashflow calculator

Description

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Neighbourhood profile (N1R)

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