ROYAL LEPAGE REAL ESTATE SERVICES LTD.

$875,000

631 LAWRENCE STREET, Cambridge, Ontario

4 Bedrooms

2 Bathrooms

Property

MLS® Number: X12258214

Address: 631 LAWRENCE STREET

City: Cambridge

Exterior: Brick

Utilities

Central Air: Yes

Heating: Forced Air, Natural Gas

Parking

Parking Spaces: 6

Attention Investors, First-Time Home Buyers, Renovators. This large up/down legal duplex with separate utility meters for each unit is ready for you. Live in one apartment and collect rent from the other! The brand new main floor offers a spacious two-bedroom unit with access to the backyard, a well-laid-out entrance/mudroom, and a back deck. The second floor is rented for $1,875 and has a well-appointed two-bedroom unit with a main street entrance, a large front porch, and a sizable second-floor porch. The property has great curb appeal, featuring a huge, deep lot measuring 49.59 ft by 199.02 ft. Located in a mature residential neighborhood, only a few blocks from downtown Preston, with easy access to Hwy 401. Surrounded by many city parks, green spaces, and close to the Grand River. Engineered stamped drawings to convert the property into a legal triplex by renovating the basement are available. This is a fantastic opportunity for a savvy investor or first-time home buyer, with major upside potential. (id:52316)

Property Sale History

Travel and Neighbourhood

Very Walkable

Location

Dean Martin
Dean Martin

REALTOR® Broker

RE/MAX Escarpment

Contact Dean Martin