9 Ramore St
Cambridge, N1S 2P6
FOR SALE
$824,999
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4 + 2
BEDROOMS3
BATHROOMS1 + 1
KITCHENS9 + 3
ROOMSX11916501
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Property Description
Step into this remarkable investment opportunity nestled within the vibrant neighbourhood of Cambridge! This triplex offers an ideal chance for investors looking to dive into the prosperous real estate scene. With 2 fully occupied Units, impeccably kept units featuring two bedrooms, kitchens, full bathrooms, expansive living spaces, and private laundry facilities, this property promises a lucrative investment for savvy individuals seeking reliable rental returns. The welcoming community ambiance adds to its allure for both tenants and investors alike. Don't miss out on this fantastic prospect. Schedule your viewing appointment today!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-10 | 2024-12-31 | 82 | $1,700 | - | Expired |
| 2024-10-15 | 2024-12-05 | 55 | $819,999 | - | Suspended |
| 2024-04-27 | 2024-06-30 | 64 | $799,999 | - | Expired |
| 2024-03-21 | 2024-04-20 | 30 | $879,900 | - | Terminated |
Property Features
Hospital, Library, Park, Place Of Worship, School
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Property Details
Street
City
Property Type
Triplex, 2-Storey
Lot Size
61' x 83'
Fronting
West
Taxes
$3,792 (2024)
Basement
Apartment
Exterior
Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Cambridge Market Statistics
Cambridge Price Trend
9 Ramore St is a 4-bedroom 3-bathroom home listed for sale at $824,999, which is $220,644 (36.5%) higher than the average sold price of $604,355 in the last 30 days (December 14 - January 12). During the last 30 days the average sold price for a 4 bedroom home in Cambridge declined by $330,645 (35.4%) compared to the previous 30 day period (November 14 - December 13) and down $205,645 (25.4%) from the same time one year ago.Inventory Change
There were 15 4-bedroom homes listed in Cambridge over the last 30 days (December 14 - January 12), which is down 51.6% compared with the previous 30 day period (November 14 - December 13) and down 25.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Cambridge typically sold ($5,740) (0.9%) below asking price over the last 30 days (December 14 - January 12), which represents a $4,160 increase compared to the previous 30 day period (November 14 - December 13) and ($11,950) more 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 (December 14 - January 12) stood at 300.0%, up from 67.7% over the previous 30 days (November 14 - December 13) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Cambridge stood at 24 days when successfully sold over the last 30 days (December 14 - January 12), compared to 114 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Miracle Realty Ltd
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Great investment opportunity in the heart of Preston. COMM/RES ZONING (C2/RM3). Park 4 cars via right of way off Montrose, 2 separate one-bedroom unit on the main floor, 1 two-bedroom unit on the second floor - completely refinished from top to bottom. 3 new hot water tanks, new forced air furnace, new siding on the upper rear fade, new washer/dryer installed in 2 units, new 200 AMP electrical services. The unit at the front is rented out for $900/month, the unit at the rear is rented out for $1800/month. The two-bedroom unit on the second floor is rented out for $2300/month. The monthly income for the whole property is $5000/month.
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