$739,900
Cambridge
99 LINNWOOD Avenue, Cambridge, Ontario, N1R1V2
This multi-family property in Cambridge is for sale offering roughly 2,437 sq ft of space. It has been on the market 22 days, fresher than the Cambridge average of 57 days.
Live in one. Rent the other. Let your home help pay the mortgage! A smart opportunity for homeowners and investors alike! Welcome to this all-brick duplex in East Galt, situated on a generous 50 x 134 ft. lot and offering two separate living spaces, two kitchens and two full bathrooms. Whether you're looking to offset your monthly mortgage payments, generate rental income or accommodate extended family, this property offers the flexibility to make it happen! The spacious upper unit features 3 bedrooms, hardwood flooring, updated kitchen and bathroom and comfortable everyday living, while the lower level offers a 1-bedroom suite with its own kitchen, bathroom, living area and separate entrance. A shared laundry area provides convenience for both units. Currently owner-occupied, the property presents an opportunity to live in one unit and rent the other, or explore the potential of renting both for additional income. Outside, enjoy a fully fenced backyard with plenty of space for entertaining, gardening or relaxing. Important updates include roof shingles (2018), furnace (2021), owned tankless water heater (2021) and owned water softener (2018). Additional features include carpet-free living and a cold room. For first-time buyers, this could be a practical way to enter the housing market with help from rental income. For investors, it's an opportunity to own a versatile income-producing property. And for families, it offers the benefit of living close while maintaining separate spaces. Two units. Multiple possibilities. One smart investment. Don't miss your opportunity to see the potential for yourself. Book your private showing today! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 22 days on market, against an average age of 57 days across the listings currently for sale in this city
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.
This 4-bed multi-family in Cambridge has been listed for 22 days, which is 35 days fresher than the city average of 57. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $739,900, about 9.6× the local median household income of $77,000.
Carrying it typically needs a household income of about $144,528 (20% down, 25-yr amortization, stress-tested) — roughly 88% above the area median.
Source: Statistics Canada, 2021 Census (FSA N1R)
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