Home with brick exterior material, street for 1308 King St, Cambridge Ontario N3H 3R1
23 days on Market

1308 King St, Cambridge, Ontario N3H 3R1

Townhouse
6
5
~2000-2500 sqft
$784,888
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Townhouse
6
5
~2000-2500 sqft

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Highlights

Property Estimate

Days on market23 days

Estimated valueNot available

Price/Sqft$353/sqft

Monthly cost

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CMA Subject Property

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+1

Properties sold*

$660K

Median sold price*

*Based on last 30 days

Description

A unique opportunity in a fast-growing community. Whether you are looking for an income potential or multi-family living, this fabulous legal triplex located in the heart of Cambridge offers long term value. Looking to build your portfolio? This is an investors dream, this property checks all the boxes. Two units are vacant! Property features three separate units, each featuring high ceilings, with its own character and charm. Each fully equipped with separate laundry, individual furnaces, and hydro meters, offering privacy and efficiency for tenants. On the main floor, you will find a cozy 1-bedroom, 1-bath unit. The second floor boasts a spacious 3-bedroom + den, 2-bath unit, perfect for larger families. The last unit has direct access from the back of the building, a well-appointed 2-bedroom, 2-bath unit that provides ample space and comfort. The property features high ceilings and large window, filling each unit with natural light. With parking for up to 5 cars and a transit access located at front of building. The property is ideally located with easy access to the 401 and the nearby airport, making it perfect for commuters and travelers. This is an excellent investment opportunity or a perfect chance to live in one unit while renting out the others. Don't miss out on this fantastic property in a prime location! The lower level offers exciting development potential for future growth and additional opportunities. Please check with the City for a future of development and possibilities with this property.


Property Details

Style2-Storey
View-
Age of property-
SqFt~2000-2500 SqFt
Lot Size3,323 SqFt(115 x 28.9)
Parking Spaces5
MLS ®NumberX12231089
Community NameCentral Park
Data SourceTRREB
Listing byIPRO REALTY LTD.

Features

Heating: Forced Air
Basement: Unfinished, W/O

Bsmt Floor

Utility

9.88 x 7.34

Other

6.37 x 3.9

Partly Finished / Pot Lights / W/O To Yard


Features

Lot size: 3,323 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 5


Market Data - Central Park

Geo Zone Map ThumbnailCentral Park

Balanced Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

13 days

Compared to

2024

23 days

2023

16 days

2022

20 days

New Listings

Past 30 days

5 listings

Compared to

2024

2 listings

2023

5 listings

2022

2 listings

Units sold

Past 30 days

3 units

Compared to

2024

1 unit

2023

3 units

2022

2 units

Median Sold Price

Past 30 days

$500,000

Compared to

2024

$660,000

2023

$656,500

2022

$548,750


Population and Demographics

Overview

Total population 8915
Average household income $101,055

Age (%)

0 to 19
18%
20 to 34
21%
35 to 49
18%
50 to 64
21%
65 and plus
21%

Household composition (%)

Single family
56%
Single person
38%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
91%
Others
4%
Portuguese
2%
French
1%

House tenancy (%)

Owners
54%
Renters
46%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget