752 SHERRING STREET, Cambridge
$769,000
For sale: Multiplex
- Property type
- Triplex
- Bedrooms / bathrooms
- 5 bedrooms, 4 bathrooms
- Living area
- 2,000 sqft
- MLS®
- MLS® X13883376
PERFECT INVESTMENT OPPORTUNITY. This property sits tucked away in a great little neighbourhood in Preston. It is currently a LEGAL DUPLEX, however, the current zoning permits up to 3 units. The property is presently operating with 3 units and an in-law suite. Major renovations were completed in 2019, including new plumbing and electrical. The property is currently generating $4300 / mo and with an approximate market rent of $1900 for the vacant 2 bed unit, that would change to over $6200 monthly, rents are all inclusive. All units have their own mini-split systems for heat/cooling and have their own hydro panel and water heater.
Sold data
Multiplex homes in Cambridge — recent sold market
Multiplex homes in Cambridge took a median of 43 days to sell over the last 730 days, with the quickest quarter selling within 21 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.
The median sale price was $770,000.
Homes sold for about 3.8% below asking on average, so there was room to negotiate.
About 17% of sales closed above the list price.
Around 20% of sellers reduced their price before finding a buyer.
- Median days to sell
- 43
- Median sale price
- $770,000
- Sale-to-list ratio
- 96.2%
- Sold above asking
- 17%
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 752 SHERRING STREET
$799,000
Multiplex542,500–3,000 sqft11 HART STREET, Brantford Twp, Brant
$749,900
Townhouse4+141,100–1,500 sqft17 WILKINSON AVENUE, Cambridge
$769,900
Detached341,500–2,000 sqft508 VERONICA DRIVE, Kitchener
$798,900
Detached441,500–2,000 sqft6 MATHEWS COURT, Brantford
$799,000
Townhouse4+141,600–1,799 sqft10 - 19 BRAIDA LANE, 1045 - AC Acton, Halton Hills
$799,900
Semi-Detached/Link5+241,500–2,000 sqft58 SUMMERBERRY WAY, Carpenter, Hamilton
$899,999
Detached442,000–2,500 sqft30 RUSTIC OAK TRAIL, North Dumfries
$879,000
Townhouse542,250–2,499 sqft23 - 675 VICTORIA ROAD N, Victoria North, Guelph