Other
Level: Main
1504 Concession Road
Preston North, Cambridge, ON N3H 4L9
Description
Incredible development opportunity in the heart of Cambridge! Build a lucrative "plex" investment property or your own custom home in a highly desirable, amenity-rich neighbourhood. Walking distance to schools, groceries, pharmacies, and hospitals, and just one minute from the bustling Hespeler Road retail corridor. The site features municipal water and sewer availability and holds excellent development advantages. Formerly a Hydro building (decommissioned in 2000), vital environmental milestones are already met: Phase One / Two Environmental Site Assessments (ESAs), and a Risk Assessment (RA) have been completed by certified third party consultant to support filing a Record of Site Condition (RSC), which is required for residential development. The ESA studies will be requiring updating before filing for RSC. A pre-consultation application for a multi-unit residential building was submitted to the City of Cambridge. However, due to other commitments, the application was not pursued further. Corner lot (Concession and Bishop)
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- 40846010
- Board
- Cornerstone (ITSO) MLS®
- Days on market
- Tax
- $2,419
- Size
- 519 sqft
- Lot
- 50.00 × 100 Square Feet
- Parking
- 1 Parking
Listing History
Listing activity for 1504 Concession Road, Cambridge, ON
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $299,000 | N/A | For Sale | 40846010 |
Property Details
Property
- Property Type
- Single Family Residence
- Style
- Traditional
- Community
- Preston North
- Municipality
- Cambridge
Inside
- Basement Type
- Other, Crawl Space, Unfinished
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- None
Building
- Size
- 519 sqft
- Construction
- Brick
Parking
- Driveway
- Outside/Surface/Open
- Add. Parking
- 1
- Total Parking
- 1
Land
- Sewer
- Sewer (Municipal)
- Lot Size
- 50.00 × 100 Square Feet
- Lot Size Code
- Square Feet
Additional
- Foundation
- Concrete Perimeter
- Roof
- Asphalt Shing
- Extras
- Other,None
Rooms (1)
Location
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$1,371
- Down payment$59,800
- Mortgage amount$239,200
- Total interest$172,100
- Total cost$471,100
Cash flow analysis
$1,371
Total monthly payment
$1,573
Break-even down payment
100%
Cash flow-$1,573
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$299,000
$299,000
CAD
Estimate unavailable
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