Description

Build Your Vision on This Prime Infill Lot! This building lot offers an outstanding opportunity for builders, investors, or those looking to create a custom home. Preliminary planning has already been completed, including a site plan identifying the proposed building envelope and required setbacks, helping streamline the design process. The property's current zoning supports multiple possibilities. Buyers may choose to construct a thoughtfully designed **single-family home with an attached garage**, or explore the potential for a **duplex**. Concept plans have been prepared for a modern two-storey design featuring approximately **1,260 sq. ft.** in the main residence, with the potential for a **637 sq. ft. lower-level secondary unit**, creating an excellent opportunity for multi-generational living or rental income. Whether you're a builder seeking your next project or a homeowner looking to create a custom residence, this property offers exceptional flexibility and future potential. (id:66096)

Market Timing

Days on market

103d

Cambridge listings, avg age

57d

List price

$119K

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 (N1R)

This home lists at $119,000, about 1.5× the local median household income of $77,000.

Carrying it typically needs a household income of about $23,245 (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)

$119,000

For sale

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Financing

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LOT 1 Bond Street, Cambridge - Vacant Land for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (N1R)

Book a showing

Need a commercial mortgage?