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Royal LePage
Royal LePage
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$875,000

Cambridge ON, N3H 2M8

MLS® # X12258214

Property Information:

Attention Investors, First-Time Home Buyers, Renovators. This large up/down legal duplex with separate utility meters for each unit is ready for you. Live in one apartment and collect rent from the other! The brand new main floor offers a spacious two-bedroom unit with access to the backyard, a well-laid-out entrance/mudroom, and a back deck. The second floor has a well-appointed two-bedroom unit with a main street entrance, a large front porch, and a sizable second-floor porch. The property has great curb appeal, featuring a huge, deep lot measuring 49.59 ft by 199.02 ft. Located in a mature residential neighborhood, only a few blocks from downtown Preston, with easy access to Hwy 401. Surrounded by many city parks, green spaces, and close to the Grand River. Engineered stamped drawings to convert the property into a legal triplex by renovating the basement are available. This is a fantastic opportunity for a savvy investor or first-time home buyer, with major upside potential. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Duplex
  • Amenities: Separate Heating Controls, Separate Hydro Meters
  • Basement Development: Unfinished
  • Basement Type: N/A
  • Exterior Finish: Brick
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 4
  • Bathrooms: 2
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 199.0 Feet
  • Lot Frontage: 49.5 Feet
  • Lot Size: 49.5 x 199 FT
  • Zoning: R5
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 6

Rooms:

  • Kitchen 2nd Level 4.22 m x 1.63 m
  • Family 2nd Level 4.22 m x 3.31 m
  • Primary Bedroom 2nd Level 4.25 m x 2.02 m
  • 2nd Bedroom 2nd Level 3.07 m x 2.02 m
  • Bathroom 2nd Level 3.43 m x 1.52 m
  • Kitchen Ground Level 4.22 m x 3.34 m
  • Family Ground Level 4.22 m x 3.75 m
  • Primary Bedroom Ground Level 4.25 m x 4.68 m
  • 2nd Bedroom Ground Level 4.59 m x 3.20 m
  • Bathroom Ground Level 4.59 m x 1.63 m

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⚠ Potential Investment Performance

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Location of 631 LAWRENCE STREET, Cambridge, Ontario, N3H 2M8

Demographic Information of 631 LAWRENCE STREET, Cambridge, Ontario, N3H 2M8

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$105,456.88

Average Number of Children

1.73

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.89 %

High school certificate or equivalent

31.95 %

Apprenticeship trade certificate/diploma

7.44 %

College/non-university certificate

24.04 %

University certificate (below bachelor)

0.65 %

University Degree

14.02 %

Commuter

Travel To Work

By Car

88.48 %

By Public Transit

2.96 %

By Walking

1.64 %

By Bicycle

2.27 %

By Other Methods

4.65 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

27.06 %

Houses

72.94 %

Own Vs. Rent

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