42 Hopeton Street

Nestled in the heart of Cambridge, at 42 Hopeton Street, this remarkable house for sale in Cambridge presents a unique opportunity for those with a vision for renovation and restoration. This detached two-storey residence, dating back to 1884, is a stunning testament to architectural craftsmanship from a bygone era. With its stone exterior and designated Heritage (Exterior) status, this property is not only a home but a piece of history waiting to be revitalised.

The main house features three spacious bedrooms and three bathrooms, making it ideal for families or those seeking ample living space. The living room, adorned with a large bay window, boasts a charming gas fireplace, perfect for cosy evenings. While the large main bathroom features a soaker tub and a separate shower, it does require complete renovation, offering a blank canvas for creative minds. This house for sale in Cambridge is a true project for renovators and investors alike, with the potential to transform it into a modern masterpiece while preserving its historic charm.

In addition to the main residence, the property includes a detached coach house that has been converted into an accessory dwelling unit. This rare feature provides a flexible living arrangement, suitable for multigenerational families or as a potential source of supplemental income. Properties with such versatility are increasingly hard to come by in Cambridge, making this house for sale in Cambridge a particularly enticing prospect.

The home comprises a total of twelve rooms, including two kitchens, which further enhances its functionality. Although the property does not have a family room or a central vacuum system, the layout allows for creative reimagining. The absence of air conditioning may be seen as a drawback, but the forced air heating system, powered by natural gas, ensures comfort during the colder months. Furthermore, the municipal metered water supply and the presence of a water softener add to the convenience of living in this historic home.

The exterior of the property features a private entrance, a single wide private driveway, and parking space for two vehicles. While there is no garage, the gravel space provides ample room for parking. The lot itself measures 48 by 165 acres, offering a generous outdoor area for potential landscaping or gardening. Although there is no swimming pool, the expansive yard presents an opportunity for outdoor entertainment and relaxation.

It is important to note that the main residence and the accessory unit both require significant renovation. This aspect makes the property an ideal project for buyers looking to build long-term equity or for those who wish to invest in a property with substantial upside potential. The underlying value lies in the solid stone construction and the unique architectural features that can be reimagined to suit modern needs.

Moreover, the heritage designation of this house for sale in Cambridge qualifies it for City of Cambridge Heritage grants and possibly even Waterloo Regional Heritage Foundation grants. This financial incentive can significantly aid in the renovation process, making it an even more attractive investment.

At 42 Hopeton Street, Cambridge, the potential for transformation is immense. While some contents and furniture are included with the purchase, it is advisable to sort through them carefully, as hidden treasures may await discovery. This property is not just a house; it is a canvas for creativity, a chance to breathe new life into a historic gem.

In conclusion, this house for sale in Cambridge represents a compelling opportunity for the right buyer. With its rich history, unique features, and the promise of future grants, 42 Hopeton Street is a property that invites you to bring your vision and passion to life. Don’t miss out on the chance to own a piece of Cambridge's heritage and create a home that reflects both its past and your future.

Elgin Park/Coronation is a charming neighbourhood in the city of Cambridge, known for its serene atmosphere and family-friendly environment. This area boasts a mix of residential streets lined with well-maintained homes, alongside lush green spaces and parks that provide ample opportunities for outdoor activities. The community is conveniently located near local amenities, including shops, schools, and public transport links, making it an ideal choice for families and professionals alike. With its welcoming vibe and strong sense of community spirit, Elgin Park/Coronation offers a delightful balance of tranquillity and accessibility, perfect for those looking to settle in a vibrant yet peaceful part of Cambridge.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Just 0.1 km away is Manchester Public School, an elementary school offering grades JK to 6, with a solid rating of 3.8. Avenue Road Public School, located 1.0 km from the property, serves grades K to 8 and boasts a higher rating of 4.2. For secondary education, Galt Collegiate Institute and Vocational School is only 0.3 km away, providing education for grades 9 to 12, with a commendable rating of 6.1. Additionally, there are Catholic schooling options such as St. Peter Catholic Elementary School, located 0.9 km away, which offers grades JK to 8, although it has a lower rating of 1.5. St. Benedict Catholic Secondary School is also available for grades 9 to 12, situated 2.7 km from the property, with a rating of 5.9. Overall, the area offers a diverse range of educational institutions, catering to various needs and preferences, ensuring that families have access to quality education close to 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, although 13.2% of the population lives below the low-income threshold. The housing market reflects an average property price of $510,000, with a notable 61.54% of residents being single. Families with children constitute 30.43% of the households, while 47.62% of residents are renters, highlighting a significant rental market. The community also has a diverse composition, with 12.37% of the population being immigrants. Educational attainment is relatively high, with 34.15% of residents holding a college or university degree. However, a considerable portion of the population, 37.8%, is not actively participating in the labor force. Interestingly, there are no condominiums in the area, suggesting a different focus in the local housing market. Overall, this demographic snapshot reveals a community with a mix of young professionals, families, and a significant number of renters, contributing to a vibrant and diverse neighborhood.