231 Water Street N

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Cambridge , located at 231 Water Street N, Cambridge. This property is situated in the vibrant community of 30 - Elgin Park/Coronation, within the area of 13 - Galt North. This legal duplex is ideal for those seeking a spacious living arrangement in a prime location, making it a perfect investment for families or individuals looking to benefit from the rental market.

The Multi-Family Home for sale in Cambridge features three bathrooms, ensuring ample facilities for both residents and guests. Although the house does not include any bedrooms or a den, the layout provides a versatile space that can be adapted to suit various needs. The absence of a kitchen and additional kitchen facilities may present an opportunity for new owners to customise the space to their liking, creating a culinary area that meets their specific requirements.

One of the standout features of this property is the separate entrance to the basement, which boasts walk-up access and is fully finished. This area can serve as an excellent additional living space, providing further options for family living or rental opportunities. The Multi-Family Home for sale in Cambridge offers a unique layout that allows for creativity in how the space is utilised, making it an appealing choice for those with vision.

The exterior of the property does not provide any specific details, but the absence of a pool and garage space means that maintenance is minimal, allowing residents to focus on enjoying their home and the surrounding community. The driveway is open and surface-level, accommodating up to five parking spaces, which is a significant advantage in this bustling area.

Heating is provided by a baseboard system, and while there is no central vacuum system, the property does feature a fireplace, adding a touch of warmth and character to the living environment. The presence of internet connectivity ensures that residents can stay connected, whether for work or leisure.

Situated directly across from the Galt Collegiate Institute & Vocational School (GCI), this Multi-Family Home for sale in Cambridge offers unparalleled convenience for families with school-age children. The property is surrounded by an array of major amenities, including Tim Hortons, FreshCo, Starbucks, Subway, and more, which contribute to a highly walkable lifestyle. Residents will appreciate the ease of access to these facilities, enhancing their day-to-day living experience.

Public transit services are readily available, making it simple to navigate the wider Cambridge area. Furthermore, the historic downtown core of Cambridge is just minutes away, offering a wealth of shopping, dining, and entertainment options. The scenic Grand River trails are also nearby, providing residents with the opportunity to enjoy outdoor activities and the natural beauty of the region.

In summary, this Multi-Family Home for sale in Cambridge, located at 231 Water Street N, Cambridge, presents a unique investment opportunity. With its three bathrooms, finished basement, and prime location, it is well-suited for those looking to make the most of the vibrant community of 30 - Elgin Park/Coronation. The lack of bedrooms and kitchen facilities allows for personalisation, making it an exciting prospect for buyers with a vision. Don't miss your chance to explore this property and discover the potential it holds. The Multi-Family Home for sale in Cambridge is waiting for you to make it your own.

Elgin Park/Coronation 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, well-maintained parks, and a mix of modern and traditional homes, making it an inviting place for families and professionals alike. Residents benefit from easy access to local amenities, including shops, schools, and recreational facilities, while the nearby green spaces provide ample opportunities for outdoor activities. With its friendly atmosphere and strong sense of community spirit, Elgin Park/Coronation is an ideal location for those seeking a peaceful yet connected lifestyle in Cambridge.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Manchester Public School, just 0.3 km away, offering elementary education from Junior Kindergarten to Grade 6 under the Waterloo Region District School Board, with a solid rating of 3.8. Avenue Road Public School, located 1.1 km away, caters to students from Kindergarten to Grade 8 and has a higher rating of 4.2. For secondary education, Galt Collegiate Institute and Vocational School is only 0.2 km from the property, providing grades 9 to 12 with a commendable rating of 6.1. Additionally, there are options for Catholic education, such as St. Peter Catholic Elementary School, which is 1.0 km away, although it has a lower rating of 1.5. For those interested in French-language education, Woodroffe Avenue Public School, 1.7 km away, offers a strong rating of 8.7. Overall, the area boasts a variety of educational choices, ensuring that families have access to quality schooling options within a short distance from their home.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 435 residents, with an average household size of 2.1 individuals. The demographic profile indicates a mature community, with an average age of 41.3 years. The average household income stands at $73,000, with 13.2% of the population classified as low-income. Housing in the area has an average price of $510,000, reflecting the local real estate market dynamics. A significant portion of the population, 61.54%, is single, while 30.43% of households include children, suggesting a mix of family structures. The community also has a notable immigrant presence, comprising 12.37% of residents. Renters make up 47.62% of the population, indicating a demand for rental properties, while there are no condominiums available in the area. Educational attainment is relatively high, with 34.15% of residents holding a college or university degree. However, a considerable 37.8% of the population is not in the labor force, which may reflect various socio-economic factors. Overall, this demographic snapshot highlights a diverse community with a blend of singles, families, and a mix of renters and homeowners.