105 Francis Street

Nestled in the heart of Cambridge, specifically at 105 Francis Street, this Multi-Family Home for sale in Cambridge is an absolute gem for anyone looking to invest in a well-maintained property with fantastic income potential. This multiplex boasts an immaculate condition and has undergone extensive recent updates, making it a prime choice for both investors and owner-occupiers alike. Situated in the desirable 11 - St Gregory's/Tait community, it offers an enviable location that combines convenience and comfort.

As you approach 105 Francis Street, Cambridge, you'll notice the beautifully landscaped exterior and the private entrance, which sets the tone for what lies within. This property is designed with practicality in mind, featuring separate hydro meters for each unit, ensuring that utility costs are easy to manage. Although the home does not come with a kitchen, it does offer two bathrooms, which is a significant advantage for a multi-family setup. The absence of bedrooms and a den means that the space can be optimally utilised for various living arrangements, catering to a diverse range of tenants.

One of the standout features of this Multi-Family Home for sale in Cambridge is its central air conditioning, providing a comfortable environment throughout the year. While there isn't a family room, the property compensates with a charming fireplace, perfect for those cosy evenings in. Internet connectivity is also available, ensuring that residents can stay connected, which is increasingly important in today’s world.

The heating system is powered by forced air and natural gas, ensuring warmth during the colder months. Although there is no pool on the premises, the full unfinished basement presents an excellent opportunity for additional storage or future development, allowing the new owner to tailor the space to their needs. The lot measures an impressive 49 x 124 feet, providing ample outdoor space for various activities or future enhancements.

Parking is a breeze with a private double-wide driveway that accommodates up to six vehicles, alongside a detached garage that can house two cars. This garage, made of asphalt, not only offers convenience but could also serve as an additional source of income if rented out. The property is located in a mature neighbourhood, with public transit right at the door and within walking distance to elementary schools and shopping areas, making it an attractive option for families and professionals alike.

The upper unit of this Multi-Family Home for sale in Cambridge is currently rented at a competitive rate of $1,995 per month plus hydro, while the main-floor unit fetches $2,450 per month plus hydro. This strong income potential is a significant draw for investors looking to expand their portfolio. With the property’s significant updates, including new windows, vinyl siding, a modern furnace, air conditioning, shingles, and electrical breaker panels, it reflects a commitment to maintaining a high standard of living for tenants.

In conclusion, if you’re on the lookout for a Multi-Family Home for sale in Cambridge, 105 Francis Street is a property that should not be overlooked. With its strong income potential, extensive updates, and prime location in the 11 - St Gregory's/Tait community, this multiplex offers a unique opportunity for those seeking a well-maintained, income-producing property. Whether you’re an investor or an owner-occupier, this home is sure to meet your needs and exceed your expectations. Don’t miss out on the chance to make this fantastic property your own!

St Gregory's/Tait is a charming residential area nestled within the vibrant city of Cambridge, offering a delightful blend of suburban tranquillity and urban convenience. This community is characterised by its tree-lined streets and a mix of period homes and modern developments, creating an inviting atmosphere for families and professionals alike. Residents benefit from proximity to excellent local amenities, including shops, parks, and schools, while the historic city centre is just a short distance away, providing access to the renowned cultural and educational institutions that Cambridge is famous for. With its strong sense of community and easy transport links, St Gregory's/Tait is an ideal place for those seeking a balanced lifestyle in one of the UK's most picturesque cities.

Schools in the Neighbourhood

This property is ideally situated near several educational institutions, catering to families with children of all ages. The closest elementary school is Tait Street Public School, located just 0.9 km away, offering grades JK to 6 with a school rating of 5.7. For older children, Southwood Secondary School is only 1.0 km from the property, providing grades 9 to 12 and boasting a higher school rating of 6.4. Additionally, Avenue Road Public School and Galt Collegiate Institute, both within a few kilometers, offer further options for elementary and secondary education, respectively. The area also features Catholic schools, such as St. Augustine Catholic School, which is 2.7 km away and has a rating of 7.2, and Monsignor Doyle Catholic Secondary School, located 2.3 km from the property. For those interested in French-language education, Woodroffe Avenue Public School is available, though a bit farther at 4.3 km. Overall, the neighborhood provides a diverse selection of public and Catholic schools, ensuring quality education choices for your family.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 596 residents, with an average household size of 2.3 individuals. The demographic profile indicates a mature community, with an average age of 42 years. The average household income is a robust $97,000, reflecting a relatively affluent population, although 7.6% of residents are classified as low-income. The average property price in the area stands at $508,000, suggesting a competitive real estate market. Approximately 46.08% of the population is single, while 40% of households include children, indicating a family-friendly environment. The community also has a notable immigrant presence, accounting for 9.09% of the population. Renters make up 22% of the housing market, with only 4% of homes being condominiums. Educational attainment is high, with 43.69% of residents holding a college or university degree. However, a significant portion of the population, 40.78%, is not actively participating in the labor force. Overall, this demographic snapshot reveals a diverse, educated, and relatively affluent community, making it an appealing location for potential homeowners and investors alike.