1308 King Street E

If you’re on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Cambridge , located at 1308 King Street E, Cambridge. This unique property is nestled in a rapidly growing area of Waterloo, making it an ideal choice for both investors and families seeking a spacious living arrangement. With its legal triplex status, this home is perfect for those wanting to explore income potential or multi-family living.

The property at 1308 King Street E, Cambridge, features a striking combination of brick and vinyl siding, giving it a charming yet modern appearance. It’s a two-storey multiplex that boasts an impressive total of 14 rooms, including six bedrooms and five bathrooms. Each unit is designed with its own character and charm, featuring high ceilings and large windows that flood the spaces with natural light. This Multi-Family Home for sale in Cambridge is truly a sight to behold.

One of the standout features of this property is the three separate units, each equipped with its own laundry facilities, individual furnaces, and hydro meters. This setup ensures privacy and efficiency for tenants, making it a highly desirable option for renters. On the main floor, you’ll find a cosy one-bedroom, one-bath unit, perfect for singles or couples. The second floor boasts a spacious three-bedroom plus den, two-bath unit, which is ideal for larger families or those needing extra space. Finally, the last unit, which has direct access from the back of the building, is a well-appointed two-bedroom, two-bath unit that offers ample comfort and convenience.

While the property does not come with a central vacuum system or a family room, it compensates with its generous parking space, accommodating up to five cars. The driveway is a private right of way, ensuring easy access for residents and guests alike. Although there’s no pool or fireplace, the home is equipped with all the essentials, including municipal water and sewer services, and internet access is readily available.

The lower level of this Multi-Family Home for sale in Cambridge presents exciting development potential. While the basement is currently unfinished and offers a walk-out option, it opens up a world of possibilities for future growth. Whether you’re looking to expand the living space or create additional rental units, the options are plentiful. It’s advisable to check with the City regarding future development possibilities, as this area is on the rise.

Another significant advantage of this property is its prime location. Situated at 1308 King Street E, Cambridge, you’ll have easy access to the 401, making it perfect for commuters. Plus, with the nearby airport, it’s ideal for those who travel frequently. The convenience of public transit right at the front of the building adds to the appeal, making it a highly sought-after location for tenants.

In summary, this Multi-Family Home for sale in Cambridge is a remarkable opportunity for anyone looking to invest in a property that checks all the boxes. With its spacious units, ample parking, and prime location, it’s perfect for both investors and families alike. Don’t miss out on this chance to own a property that not only offers long-term value but also the potential for immediate income. Visit 1308 King Street E, Cambridge, and see for yourself why this property is the perfect choice for your next investment!

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you'll find Grand View Public School, just 0.5 km away, offering elementary education from Junior Kindergarten to Grade 6 with a respectable rating of 6.3. William G. Davis Public School, located 0.9 km away, serves Grades 7 and 8 but has a lower rating of 2.3. For secondary education, Preston High School is 1.6 km from the property, rated at 6, while Galt Collegiate Institute, 3.5 km away, also offers high school education with a rating of 6.1. Additionally, St. Michael Catholic Elementary School is just 0.6 km away, providing a Catholic education for grades JK to 8, rated at 5.7. Other nearby options include St. Benedict Catholic Secondary School and St. Peter Catholic Elementary School, which are slightly further away but offer additional choices for families seeking Catholic education. Overall, the area boasts a mix of public and Catholic schools, catering to diverse educational preferences and ensuring quality options for students of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 495 residents, with an average household size of 2.1 individuals. The demographic profile reveals an average age of 42.8 years, indicating a mature community. The average household income stands at $72,500, although 21.6% of the population is classified as low-income. The housing market reflects an average price of $580,000, with 60% of residents renting their homes. A significant portion of the community is single, comprising 55.06% of the population, while households with children make up 29.63%. Immigrants account for 8.6% of the population, contributing to the area's diversity. Education levels are moderate, with 29.41% of residents holding a college or university degree. However, a notable 34.12% of the population is not in the labor force, which may impact economic activity in the area. The housing composition includes a small percentage of condominiums at 4.44%. Overall, this community presents a blend of young professionals, families, and a diverse demographic, making it an intriguing location for potential buyers or investors.