$629,000

For sale

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344 GARDEN Street, Cambridge - Multi-family for Sale

344 GARDEN Street, Cambridge, Ontario, N3H4C9

4 beds2 baths3 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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$629,000

Cambridge

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Overview

This multi-family property in Cambridge is for sale offering roughly 1,600 sq ft of space. It has been on the market 30 days, fresher than the Cambridge average of 57 days.

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

Description

Great Opportunity! Live in one unit and rent the other ,Note the Lot Size! [ 94 ft. frontage ] 2- side yards. room for a garage or third dwelling .This Century Home was updated in 2016 with new windows, insulation, drywall, electrical ,and plumbing ,both baths updated and flooring, Huge Potential! for future Development! Potential lot severance! Presently 2-2-bedroom units ,could be converted to single home Don't miss out! Located close to everything! (id:66096)

Property Details

MLS®: 40868796
Property Type: Multi-family
Zoning: R5
Bedrooms: 4
Bathrooms: 2
Parking: 3
Interior Size: 1,600 ft²
Frontage: 94 ft
Units: 2
Year Built: 1870
Storeys: 2
Basement: Unfinished, Partial
Heating: Heat Pump, Baseboard heaters, Stove, Electric, Pellet
Ownership: Freehold
Property Tax: $3,433.29/yr
Listed: 30 days ago

Features

Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Cambridge listings, avg age

57d

Price / ft²

$393

List price

$629K

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 4-bed multi-family in Cambridge has been listed for 30 days, which is 27 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RED AND WHITE REALTY INC. · FRANK CATER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3H)

This home lists at $629,000, about 7.7× the local median household income of $82,000.

Carrying it typically needs a household income of about $122,866 (20% down, 25-yr amortization, stress-tested) — roughly 50% above 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)

$629,000· $393/ft²

For sale

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Full Cost Breakdown

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Down Payment6.03% · $37,900

Min 6.03%50%

Mortgage payment$3,277/mo

↳ CMHC premium ($23,644 capitalized)

Property tax (est.)$286/mo

Total monthly$3,563

Cash Needed to Close

Down payment (6.03%)$37,900

Land transfer tax$9,055

Est. closing costs$4,387

Total cash needed$51,342

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