36 LAURIS Avenue, Cambridge - Vacant Land for Sale

36 LAURIS Avenue, Cambridge, Ontario, N1R5L4

6,621 sq ft (0.15 ac) lotListed 36 days ago

Overview

This lot in Cambridge is for sale. It has been on the market 36 days, fresher than the Cambridge average of 57 days.

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Description

Excellent opportunity to build on this newly severed residential lot. The property was created from a larger parcel owned by the Region of Waterloo and offers an exciting opportunity for a custom home in an established Cambridge neighbourhood. Backing onto St. Anne Catholic Elementary School, and with a proposed walkway right beside the property, families with young children will love the opportunity to keep an eye on their little ones. The unique N1R4 zoning allows for a single residential unit and up to two Additional Residential Units such as a basement apartment and a garden suite. With a deep lot, this makes for a great opportunity for investors and large families alike to build to their tastes. This area of East Galt is a short distance from a variety of parks and downtown Galt, as well as easy access to the Franklin Boulevard corridor toward the 401. Easy to show, contact your REALTOR today. (id:66096)

Property Details

MLS®: 40867018
Property Type: Vacant Land
Zoning: N1R-4
Lot Size: 6,621 sq ft (0.15 ac)
Frontage: 46 ft
Basement: None
Ownership: Freehold
Property Tax: $1,678.52/yr
Listed: 36 days ago

Services

Water: Municipal water
Sewer: Municipal sewage system
Utilities: Water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Cambridge listings, avg age

57d

List price

$320K

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 vacant land in Cambridge has been listed for 36 days, which is 21 days fresher than the city average of 57. Act while there is still low competition.

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Listed by R W Dyer Realty Inc., Brokerage · AMY BLACKBURN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1R)

This home lists at $320,000, about 4.2× the local median household income of $77,000.

Carrying it typically needs a household income of about $62,507 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$320,000

For sale

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Financing

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