373 Hillcrest Road

Welcome to a remarkable opportunity with this Multi-Family Home for sale in Cambridge , located at 373 Hillcrest Road, Cambridge. This property presents a unique chance for investors, families, or those seeking a versatile living arrangement. The building type is a multiplex, specifically designed to accommodate multiple families, and is situated in the desirable community of 52 - Preston North, within the area of 15 - Preston.

This Multi-Family Home for sale in Cambridge boasts a private entrance, ensuring a sense of exclusivity and comfort. The exterior offers privacy, making it an ideal retreat from the hustle and bustle of daily life. Although the house does not feature a dedicated kitchen, it is equipped with essential appliances, including a dishwasher, dryer, refrigerator, stove, and washer, providing convenience for future occupants.

The property comprises two separate units, each offering distinct living spaces. While the main floor unit is not detailed in terms of bedrooms, the lower unit features two bedrooms and one bathroom, perfect for small families or individuals seeking a comfortable living environment. Both units are currently vacant, providing you with the flexibility to set your own rental prices or occupy one while leasing the other. This aspect significantly enhances the income potential of this Multi-Family Home for sale in Cambridge.

The house includes two bathrooms, which is a valuable feature for a property of this nature. The absence of a family room does not detract from the overall appeal, as the separate units allow for independent living. The property is unfurnished, giving prospective buyers the freedom to personalise their living spaces according to their tastes and preferences.

Central air conditioning ensures comfort throughout the warmer months, while the forced air heating system powered by natural gas provides warmth during the colder seasons. Although there is no pool on the premises, the property offers ample outdoor space, including a full, finished basement with a separate entrance and walk-out access, allowing for additional living or storage options.

Parking is a significant advantage of this Multi-Family Home for sale in Cambridge, with an attached garage that accommodates 1.5 vehicles and a private driveway that can hold up to six additional cars. This ample parking space is particularly beneficial for families or tenants with multiple vehicles.

Situated on a generous lot measuring 62 x 126 feet, this property offers a substantial outdoor area, perfect for relaxation or recreational activities. The location at 373 Hillcrest Road, Cambridge, is conveniently positioned just off Highway 401, providing easy access to major routes and local amenities. The quiet neighbourhood, with only one neighbouring property, ensures a peaceful living environment while still being close to essential services.

Nearby attractions include Conestoga College, the Waterloo Regional Airport, and various shopping options, all just minutes away. This proximity to key locations makes the Multi-Family Home for sale in Cambridge an attractive proposition for both tenants and homeowners alike.

Constructed in 1968, this property has stood the test of time and offers a solid foundation for future investment. Whether you are looking for a strong investment opportunity or a way to balance homeownership with income generation, this Multi-Family Home for sale in Cambridge delivers on all fronts. The flexibility of the two units, combined with the appealing location and ample parking, makes this property a must-see for anyone interested in the Cambridge real estate market.

In summary, 373 Hillcrest Road, Cambridge, is not just a house; it is a gateway to numerous possibilities. With its unique features and prime location, this Multi-Family Home for sale in Cambridge is poised to attract a variety of buyers. Don’t miss out on the chance to explore this exceptional property and all it has to offer.

Community 52, also known as Preston North, is a charming residential area located in the vibrant city of Cambridge. Nestled just north of the city centre, it offers a delightful blend of suburban tranquillity and urban convenience. The neighbourhood is characterised by its leafy streets, a mix of modern and traditional architecture, and an array of local amenities, including shops, parks, and schools. Residents enjoy easy access to the historic city centre, renowned for its prestigious university and cultural attractions, while also benefiting from nearby green spaces ideal for leisurely strolls or outdoor activities. With a strong sense of community and excellent transport links, Preston North is an inviting place for families and professionals alike, making it an appealing choice for anyone looking to settle in Cambridge.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest school is Parkway Public School, just 0.6 km away, offering elementary education from Junior Kindergarten to Grade 6 with a solid rating of 5.8. For older elementary students, William G. Davis Public School is located 2.7 km away, serving Grades 7 and 8, although it has a lower rating of 2.3. Preston High School, situated 1.3 km from the property, provides secondary education for Grades 9 to 12 and has a respectable rating of 6. Additionally, Ryerson Public School, 3.5 km away, offers French language instruction for Grades 1 to 6 with a rating of 6.3. St. Joseph Catholic Elementary School, also nearby at 1.5 km, caters to Grades JK to 8 and boasts a strong rating of 6.7. Lastly, Doon Public School is 3.9 km away, offering French instruction for Grades 7 and 8, though it currently holds a rating of 0. Overall, the area provides a diverse range of schooling options, ensuring quality education for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 613 residents, with an average household size of 2.5. The demographic profile reveals an average age of 41.5 years and a healthy average household income of $104,000, indicating a relatively affluent community. Low-income households constitute only 5.2% of the population, suggesting a stable economic environment. The average property price in the area is approximately $750,000, reflecting the demand and value of real estate. Socially, 36.54% of residents are single, while 35.9% live in households with children, highlighting a mix of family structures. The community includes 7.46% immigrants, contributing to its diversity. Renters make up 29.63% of the population, though there are no condominiums available, indicating a preference for other housing types. Educational attainment is notable, with 45.61% of residents holding a college or university degree, underscoring the area's emphasis on education. However, a significant portion, 29.82%, is not in the labor force, which may reflect various factors, including retirement or other personal circumstances. Overall, this demographic snapshot presents a vibrant and economically stable community with a strong emphasis on education and family life.