9 Ramore St
Cambridge, N1S 2P6
FOR SALE
$819,999
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4 + 2
BEDROOMS3
BATHROOMS1 + 1
KITCHENS9 + 3
ROOMSX9395440
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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 |
|---|---|---|---|---|---|
| 2024-04-27 | 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 $819,999, which is $115,001 (12.3%) lower than the average sold price of $935,000 in the last 30 days (October 30 - November 28). During the last 30 days the average sold price for a 4 bedroom home in Cambridge increased by $17,500 (1.9%) compared to the previous 30 day period (September 30 - October 29) and up $11,250 (1.2%) from the same time one year ago.Inventory Change
There were 32 4-bedroom homes listed in Cambridge over the last 30 days (October 30 - November 28), which is down 5.9% compared with the previous 30 day period (September 30 - October 29) and up 33.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Cambridge typically sold ($10,000) (1.1%) below asking price over the last 30 days (October 30 - November 28), which represents a $3,050 decrease compared to the previous 30 day period (September 30 - October 29) 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 30 - November 28) stood at 46.9%, down from 58.8% over the previous 30 days (September 30 - October 29) and down from 58.3% 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 17 days when successfully sold over the last 30 days (October 30 - November 28), compared to 58 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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