1504 CONCESSION ROAD, Cambridge
$310,000
For sale: Detached
- Property type
- Detached
- Living area
- 699 sqft
- MLS®
- MLS® X13518134
Incredible development opportunity in the heart of Cambridge! Build a lucrative "plex" investment property or your own custom home in a highly desirable, amenity-rich neighbourhood. Walking distance to schools, groceries, pharmacies, and hospitals, and just one minute from the bustling Hespeler Road retail corridor. The site features municipal water and sewer availability and holds excellent development advantages. Formerly a Hydro building (decommissioned in 2000), vital environmental milestones are already met: Phase One / Two Environmental Site Assessments (ESAs), and a Risk Assessment (RA) have been completed by certified third party consultant to support filing a Record of Site Condition (RSC), which is required for residential development. The ESA studies will be requiring updating before filing for RSC. A pre-consultation application for a multi-unit residential building was submitted to the City of Cambridge. However, due to other commitments, the application was not pursued further. Corner lot (Concession and Bishop)
Sold data
Detached homes in Cambridge — recent sold market
Detached homes in Cambridge took a median of 19 days to sell over the last 90 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 36, across 218 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 28 days.
The median sale price was $750,000.
Homes sold for about 1.5% below asking on average, so there was room to negotiate.
About 33% of sales closed above the list price.
Around 19% of sellers reduced their price before finding a buyer.
- Median days to sell
- 19
- Median sale price
- $750,000
- Sale-to-list ratio
- 98.5%
- Sold above asking
- 33%
Based on 218 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Cambridge
Cambridge has 46 Fraser Institute–rated schools (38 elementary and 8 secondary), averaging 5.6/10.
- Rated schools
- 46
- Elementary
- 38
- Secondary
- 8
- Average rating
- 5.6 / 10
Top-rated schools in Cambridge
- Islamic School of Cambridge — elementaryFraser rating 10.0/10
- Ontario Muslim Academy — elementaryFraser rating 10.0/10
- Mother Theresa — elementaryFraser rating 7.5/10
- Père-René-de-Galinée — secondaryFraser rating 7.2/10
- St Margaret — elementaryFraser rating 7.2/10
- Parkway — elementaryFraser rating 6.8/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
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