$769,000

For sale

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752 Sherring Street, Cambridge - Multi-family for Sale

752 Sherring Street, Cambridge, Ontario, N3H2X4

5 beds4 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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$769,000

Cambridge

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Description

PERFECT INVESTMENT OPPORTUNITY. This property sits tucked away in a great little neighbourhood in Preston. It is currently a LEGAL DUPLEX, however, the current zoning permits up to 3 units. The property is presently operating with 3 units and an in-law suite. Major renovations were completed in 2019, including new plumbing and electrical. The property is currently generating $4300 / mo and with an approximate market rent of $1900 for the vacant 2 bed unit, that would change to over $6200 monthly, rents are all inclusive. All units have their own mini-split systems for heat/cooling and have their own hydro panel and water heater. (id:66096)

Property Details

MLS®: X13883376
Property Type: Multi-family
Zoning: C3
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 4
Parking: 5
Interior Size: 1,750 ft²
Lot Size: 101 × 57 ft (5,725 sq ft)
Frontage: 101 ft
Storeys: 2
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Property Tax: $5,938/yr
Listed: 26 days ago

Rooms

Second level

Bathroom: 2.36 x 1.98 meters
Bedroom: 2.38 x 2.78 meters
Kitchen: 3.17 x 4.53 meters
Living room: 3.49 x 4.27 meters
Primary Bedroom: 3.51 x 4.25 meters

Main level

Bathroom: 3.23 x 2.34 meters
Kitchen: 4.26 x 1.44 meters
Living room: 4.26 x 3.25 meters
Bathroom: 1.05 x 3.13 meters
Kitchen: 2.97 x 3.87 meters
Living room: 2.47 x 3.51 meters
Primary Bedroom: 3.13 x 4.67 meters

Basement

Bathroom: 2.33 x 0.9 meters
Kitchen: 6.13 x 3.19 meters
Living room: 5.3 x 3.22 meters
Bedroom: 2.86 x 3.24 meters
Recreational, Games room: 3.89 x 2.72 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

26d

Cambridge listings, avg age

57d

Price / ft²

$439

List price

$769K

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 (N3H)

This home lists at $769,000, about 9.4× the local median household income of $82,000.

Carrying it typically needs a household income of about $150,213 (20% down, 25-yr amortization, stress-tested) — roughly 83% 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)

$769,000· $439/ft²

For sale

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Full Cost Breakdown

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Down Payment6.75% · $51,900

Min 6.75%50%

Mortgage payment$3,976/mo

↳ CMHC premium ($28,684 capitalized)

Property tax (est.)$495/mo

Total monthly$4,471

Cash Needed to Close

Down payment (6.75%)$51,900

Land transfer tax$11,855

Est. closing costs$4,807

Total cash needed$68,562

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752 Sherring Street, Cambridge - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N3H)

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