324 QUEEN STREET W, Cambridge

$499,000

For sale: Multiplex

Multiplex at 324 QUEEN STREET W, Cambridge
Property type
Duplex
Bedrooms / bathrooms
4 bedrooms, 2 bathrooms
Living area
2,000 sqft
MLS®
MLS® X13649394

Attention investors and renovators! This legal duplex on desirable Queen Street W presents an outstanding value-add opportunity with incredible upside. Whether you're looking to expand your investment portfolio, renovate for strong rental income, or live in one unit while renting the other, the possibilities are endless. Ideally located close to shopping, schools, parks, and major commuter routes, this property is also just minutes from the planned Stage 2 ION Light Rail extension, bringing future rapid transit connectivity to Cambridge and adding to the area's long-term growth potential. Both units have their own electric panel and hydro metres. Unlock the value and make this property your next successful investment. Sold in as-is condition.

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 24 days and the slowest quarter taking more than 70, across 35 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 67 days.

The median sale price was $786,000.

Homes sold for about 4.4% below asking on average, so there was room to negotiate.

About 14% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
44
Median sale price
$786,000
Sale-to-list ratio
95.6%
Sold above asking
14%

Based on 35 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 324 QUEEN STREET W