93 Avenue Rd
Cambridge, N1R 1C2
FOR SALE
$1,750,000
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3
BEDROOMS4
BATHROOMS1
KITCHENS10 + 6
ROOMSX9377394
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Property Description
Welcome to 93 Avenue Rd, a 3-bedroom, 4-bathroom detached home in Cambridge with a world of possibilities awaiting. This property offers a rare opportunity with dual zoning featuring RM3 multi-residential zoning and M3 industrial zoning, making it a true gem for both business owners and developers. The RM3 multi-residential zoning opens doors for multi-unit housing projects, while the M3 industrial zoning unlocks opportunities for various business ventures. As you step inside, you'll be greeted by the main floor with a warm cottage atmosphere, highlighted by wood and stone structures. The kitchen offers abundant cabinetry, providing ample storage for your culinary needs. The family room is enhanced by a wood-burning fireplace. The main floor features two fairly sized bedrooms and a 4-piece bathroom. Upstairs, you'll find a spacious primary bedroom with its own 2-piece bathroom, complemented by an attic and a loft area offering extra functional space. The basement promises endless entertainment with a large rec room. A workshop area allows you to pursue hobbies, and a bar adds a touch to your social events. An additional bathroom on this level ensures the utmost convenience. Settled near highways and the Cambridge main artery, Hwy 24, this home provides seamless transportation and easy connectivity to surrounding areas. Its prime location ensures convenient access to various amenities, shopping centers, schools, and recreational facilities. With dual zoning, this property provides endless potential for versatile use for entrepreneurs and developers. Don't miss the chance to own this versatile property with dual zoning and numerous possibilities. Whether you're an aspiring business owner or an ambitious developer, 93 Avenue Rd invites you to create your vision of success.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-05-01 | 2024-09-30 | 152 | $1,899,000 | - | Expired |
Property Features
Arts Centre, Hospital, Park, Place Of Worship, Rec Centre, School
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Property Details
Street
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
160' x 189'
Fronting
East
Taxes
$19,477 (2024)
Basement
Finished, Full
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Well
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Br | Main | 13.85' x 11.75' | |
Br | Main | 12.17' x 9.58' | |
Family | Main | 13.48' x 12.83' | |
Kitchen | Main | 15.09' x 11.84' | |
Living | Main | 15.68' x 11.68' | |
Other | 2nd | 13.16' x 6.07' | |
Loft | 2nd | 20.73' x 18.67' | |
Prim Bdrm | 2nd | 13.09' x 18.34' | |
Other | Bsmt | 7.09' x 11.58' | |
Rec | Bsmt | 26.08' x 11.58' | |
Workshop | Bsmt | 12.01' x 7.35' |
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Cambridge Market Statistics
Cambridge Price Trend
93 Avenue Rd is a 3-bedroom 4-bathroom home listed for sale at $1,750,000, which is $997,878 (132.7%) higher than the average sold price of $752,122 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 3 bedroom home in Cambridge declined by $25,525 (3.3%) compared to the previous 30 day period (September 27 - October 26) and down $38,303 (4.8%) from the same time one year ago.Inventory Change
There were 54 3-bedroom homes listed in Cambridge over the last 30 days (October 27 - November 25), which is down 31.6% compared with the previous 30 day period (September 27 - October 26) and up 10.2% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Cambridge typically sold ($8,157) (1.1%) below asking price over the last 30 days (October 27 - November 25), which represents a $12,990 decrease compared to the previous 30 day period (September 27 - October 26) and $19,627 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 3-bedroom homes in Cambridge over the last 30 days (October 27 - November 25) stood at 113.0%, up from 64.6% over the previous 30 days (September 27 - October 26) and up from 95.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in Cambridge stood at 19 days when successfully sold over the last 30 days (October 27 - November 25), compared to 28 days before being removed from the market upon being suspended or terminated.Listing contracted with Corcoran Horizon Realty
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