58 Brook St E
Cambridge, N1R 4C3
FOR SALE
$699,000
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4
BEDROOMS2
BATHROOMS2
KITCHENS8
ROOMSX9233211
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Property Description
Attention Investors! Discover this Freshly Renovated Duplex with a Fully Fenced Backyard, Ideal for Maximizing Rental Income. Each Unit Features Its Own Kitchen and Laundry Room, Ensuring Complete Tenant Independence. The Property Includes a Separate Two-Car Garage and Ample Parking. Enjoy Modern Conveniences with a New Smart Thermostat and a Large Concrete Terrace Perfect for Outdoor Gatherings. Conveniently Located Near Park, Schools, Shopping, and Just Minutes from The 401, this Home Offers the Perfect Blend of Comfort and Accessibility. Don't Miss Out on This Exceptional Investment Opportunity!
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Property Features
Hospital, Park, Public Transit, Rec Centre, School, School Bus Route
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Property Details
Street
City
Property Type
Duplex, 2-Storey
Lot Size
5' x 120'
Fronting
East
Taxes
$4,106 (2023)
Basement
Sep Entrance, Unfinished
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Available
Garage Type
Detached
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Cambridge Market Statistics
Cambridge Price Trend
58 Brook St E is a 4-bedroom 2-bathroom home listed for sale at $699,000, which is $221,000 (24.0%) lower than the average sold price of $920,000 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 4 bedroom home in Cambridge declined by $25,000 (2.6%) compared to the previous 30 day period (September 27 - October 26) and down $7,500 (0.8%) from the same time one year ago.Inventory Change
There were 28 4-bedroom homes listed in Cambridge over the last 30 days (October 27 - November 25), which is down 31.7% compared with the previous 30 day period (September 27 - October 26) and up 7.7% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Cambridge typically sold ($12,499) (1.4%) below asking price over the last 30 days (October 27 - November 25), which represents a $10,099 decrease compared to the previous 30 day period (September 27 - October 26) and ($1,500) 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 (October 27 - November 25) stood at 57.1%, up from 48.8% over the previous 30 days (September 27 - October 26) and down from 57.7% 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 22 days when successfully sold over the last 30 days (October 27 - November 25), compared to 58 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max West Realty Inc.
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