223 WATER STREET N, Cambridge

$499,900

For sale: Multiplex

Multiplex at 223 WATER STREET N, Cambridge
Property type
Duplex
Bedrooms / bathrooms
4 bedrooms, 3 bathrooms
Living area
2,000 sqft
MLS®
MLS® X14011376

Great investment property with strong income potential. You will get vacant possession and set your own rents. The main level has living room, dining room, Eat-in kitchen, bathroom, Primary bedroom and a small bedroom with a full exist to the private backyard, The up stairs has Kitchen, eating area or living with two bedrooms and a loft. The basement has laundry, 3 piece bathroom... (currently the son is living there). The main level boasts high ceilings, a den/office/bed and a front and rear entrance. Three car parking behind the house. Conveniently located near the schools, hospital, shopping, and downtown, with nearby parks, river trails, and walking paths for outdoor recreation. Twenty minutes to the 401 and a bus stop directly across the road. Two Separate Hydro meters A real Money Maker.

Sold data

Multiplex homes in Cambridge — recent sold market

Multiplex homes in Cambridge took a median of 44 days to sell over the last 730 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 69, across 36 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.

The median sale price was $778,000.

Homes sold for about 4.1% below asking on average, so there was room to negotiate.

About 17% of sales closed above the list price.

Around 22% of sellers reduced their price before finding a buyer.

Median days to sell
44
Median sale price
$778,000
Sale-to-list ratio
95.9%
Sold above asking
17%

Based on 36 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. 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

Homes for sale near 223 WATER STREET N