2340 Fountain St N

Cambridge, N3H 4R6
FOR SALE
$999,000
2340 Fountain St N, Cambridge
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
2340 Fountain St N
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4 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
8
ROOMS
X9250688
MLSID
Contact Us
Property Description
Presenting a rare investment opportunity on a half-acre lot with Detached Workshop, ideally situated in a top-notch location near key amenities. This property offers unparalleled potential for investors and end users alike to craft their dream home or capitalize on its unique zoning flexibility. *Prime Investment Opportunity: Versatile Property with Exceptional Potential* . With the possibility to change zoning from residential to commercial, this property is perfect for a wide range of development projects, from upscale homes to lucrative commercial enterprises. Located near the Toyota plant and the international airport, this property ensures high visibility and convenience. Just 4 minutes away from Highway 401, it offers seamless connectivity to major destinations. Whether you're looking to develop a high-end residential estate or a thriving commercial space, this property caters to diverse investment goals and promises substantial returns.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-06-15 2024-08-10 56 $1,250,000 - Terminated
Extras
A septic tank is already Repaired, though it is currently pending approval from the City of Cambridge. It Will be Sold AS IS
Property Details
Property Type
Detached, Bungalow
Lot Size
132' x 163'
Acreage
< .50
Fronting
North
Taxes
$5,896 (2024)
Basement
None
Exterior
Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Front Yard
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
OtherMain55.77' x 39.37'
Cambridge Market Statistics
Cambridge Price Trend
2340 Fountain St N is a 4-bedroom 2-bathroom home listed for sale at $999,000, which is $67,080 (7.2%) higher than the average sold price of $931,920 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 4 bedroom home in Cambridge increased by $65,420 (7.5%) compared to the previous 30 day period (July 22 - August 20) and down $23,080 (2.4%) from the same time one year ago.
Inventory Change
There were 49 4-bedroom homes listed in Cambridge over the last 30 days (August 21 - September 19), which is up 96.0% compared with the previous 30 day period (July 22 - August 20) and up 14.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Cambridge typically sold ($9,800) (1.1%) below asking price over the last 30 days (August 21 - September 19), which represents a $5,150 increase compared to the previous 30 day period (July 22 - August 20) and $0 less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Cambridge over the last 30 days (August 21 - September 19) stood at 51.0%, up from 40.0% over the previous 30 days (July 22 - August 20) and down from 53.5% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Cambridge stood at 7 days when successfully sold over the last 30 days (August 21 - September 19), compared to 81 days before being removed from the market upon being suspended or terminated.
Listing contracted with Save Max Real Estate Inc.
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