$1,599,900

For sale

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80 STANLEY Street, Cambridge - Multi-family for Sale

80 STANLEY Street, Cambridge, Ontario, N1S2A6

12 beds6 baths12 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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$1,599,900

Cambridge

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Overview

This multi-family property in Cambridge is for sale offering roughly 5,400 sq ft of space. It has been on the market 19 days, fresher than the Cambridge average of 57 days.

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

Description

GREAT INVESTMENT OPPORTUNITY! These solid all brick townhomes each feature 2 bedrooms all with hardwood flooring. The main floor features full kitchens and spacious living rooms all with sliding glass doors that lead to their individual fully fenced in patio areas. Full basements with laundry rooms. Separate meters for all units. Long term tenants in place creating a predictable income with potential upside. (id:66096)

Property Details

MLS®: 40871557
Property Type: Multi-family
Zoning: R4
Bedrooms: 12
Bathrooms: 6
Parking: 12
Interior Size: 5,400 ft²
Frontage: 153 ft
Units: 6
Storeys: 2
Basement: Partially finished, Full
Heating: Baseboard heaters, Electric
Cooling: None
Garage: Open
Ownership: Freehold
Property Tax: $10,615/yr
Listed: 19 days ago

Features

Exterior: Brick Veneer

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

19d

Cambridge listings, avg age

57d

Price / ft²

$296

List price

$1.60M

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 12-bed multi-family in Cambridge has been listed for 19 days, which is 38 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. · DANIEL DA CUNHA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1S)

This home lists at $1,599,900, about 16.8× the local median household income of $95,000.

Carrying it typically needs a household income of about $312,516 (20% down, 25-yr amortization, stress-tested) — roughly 229% above the area median.

Median household income: $95,000
Population: 20,171
Median age: 42.8
Owner / renter: 71% / 29%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N1S)

$1,599,900· $296/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $319,980

Min 20%50%

Mortgage payment$6,823/mo

Property tax (est.)$885/mo

Total monthly$7,708

Cash Needed to Close

Down payment (20%)$319,980

Land transfer tax$28,473

Est. closing costs$7,300

Total cash needed$355,753

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