15 Shade Street

Presenting a remarkable opportunity, this house for sale in Cambridge is situated at 15 Shade Street, Cambridge, within the vibrant downtown core. This prime location not only enhances its appeal but also makes it eligible for various Downtown Development and Revitalisation (Core Areas) programmes. The property boasts a wealth of potential, ideal for those looking to invest in a promising project or simply seeking a family home in a thriving community.

The house for sale in Cambridge features a well-structured two-storey detached design, encompassing three spacious bedrooms and a four-piece bathroom. The layout of the property is both versatile and practical, accommodating a variety of living arrangements. The walk-up attic adds an additional layer of functionality, providing extra storage space or the potential for conversion into a creative area, subject to planning permissions.

Notably, the property has seen some updates over the years, with the windows and doors being replaced in 2004, ensuring a degree of modernity while still retaining its classic charm. Furthermore, the installation of a new air conditioning system and furnace in 2021 guarantees comfort throughout the seasons. However, it is important to note that the house requires extensive work, presenting a blank canvas for those with a vision for renovation or redevelopment.

One of the standout features of this house for sale in Cambridge is its R5 (CO) zoning, which allows for mixed residential and commercial development. This zoning opens the door to numerous possibilities, making it an enticing prospect for investors and developers alike. The property’s location within the 20 - City Core/Wellington community is advantageous, as it is at the heart of the revitalisation initiatives currently underway in the downtown area.

The house at 15 Shade Street, Cambridge, comprises a total of nine rooms, with the main kitchen serving as the heart of the home. While there is no den or family room, the layout allows for creative reimagining of the space to suit individual needs. The property is unfurnished, giving new owners the freedom to personalise their living environment from the ground up.

For those concerned about modern conveniences, the house for sale in Cambridge is equipped with central air conditioning and internet access, ensuring that you remain connected and comfortable. However, it is worth mentioning that there is no central vacuum system, which may be a consideration for potential buyers.

In terms of utilities, the property is heated by natural gas, providing an efficient and reliable source of warmth during the colder months. Water is supplied by the municipal system, and while there is no sewer connection, the property does feature a full unfinished basement, which could be developed further to enhance the living space.

Parking is made easy with a private drive that is triple-plus wide, accommodating up to three vehicles, although there is no garage space available. The additional land is less than 0.5 acres, providing a manageable outdoor area that could be transformed into a lovely garden or outdoor retreat.

In summary, this house for sale in Cambridge at 15 Shade Street, Cambridge, presents an exceptional opportunity for those looking to invest in a property with significant potential. With its strategic location, zoning advantages, and the scope for renovation, this house is not just a home; it is a canvas for your future aspirations. Don't miss out on the chance to make this property your own and be part of the exciting developments taking place in the heart of Cambridge.

City Core/Wellington in Cambridge is a vibrant and bustling area that serves as the heart of the city, offering a unique blend of historic charm and modern amenities. Characterised by its picturesque streets, the neighbourhood is home to a variety of shops, cafes, and cultural attractions, making it an ideal place for those who enjoy an active urban lifestyle. The area boasts excellent transport links, ensuring easy access to the wider city and beyond, while its green spaces provide a welcome respite from the hustle and bustle. With a rich tapestry of architectural styles and a lively atmosphere, City Core/Wellington is perfect for anyone looking to immerse themselves in the dynamic spirit of Cambridge.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The closest option is Central Public School, just 0.2 km away, offering elementary education from JK to grade 6 with an impressive rating of 4.7. Avenue Road Public School is also nearby at 2.3 km, providing education from K to 8 and holding a rating of 4.2. For secondary education, Galt Collegiate Institute and Vocational School, located 1.3 km away, serves grades 9 to 12 and boasts a solid rating of 6.1. Additionally, St. Anne Catholic Elementary School, a Catholic institution, is just 1.1 km from the property, catering to grades JK to 8 with a rating of 4.4. Monsignor Doyle Catholic Secondary School, 2.2 km away, offers grades 9 to 12 and has a rating of 5.8. Overall, the area is well-served by a variety of public and Catholic schools, ensuring that children have access to quality education in both English and French, fostering a supportive community for families.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 917 residents, with an average household size of 1.7 individuals. The community has a median age of 44.8 years, indicating a mature population. The average household income stands at $62,000, with 20.8% of residents classified as low-income. A significant portion of the population, 62.5%, is single, while 24.39% of households include children. The area is diverse, with 27.92% of residents being immigrants. Renting is prevalent, as evidenced by 67.5% of the population being renters, and 29.17% living in condominiums. Educational attainment is relatively high, with 45.56% of residents holding a college or university degree. However, a notable 40% of the population is not participating in the labor force, which may reflect various socio-economic factors. The average property price in the area is approximately $500,000, making it a potentially attractive market for both investors and homebuyers. Overall, this community presents a blend of demographic characteristics that may appeal to a variety of prospective residents.