66 QUEEN Street W

About this home.

The property features an ideal unit mix of one 2-bedroom unit, two 1-bedroom units, and one bachelor unit, all beautifully updated with modern finishes and meticulously maintained. Fully occupied and generating consistent rental income, this turnkey property offers an effortless transition for a new owner with no renovations or immediate work required. Situated on a generous lot with 6 dedicated parking spaces, tenants enjoy an unbeatable location just steps from Hespeler's vibrant restaurants, cafés, boutique shops, parks, and the scenic Speed River. Combining quality renovations, dependable rental income, an attractive 5.74% cap rate, and one of Cambridge's most walkable neighbourhoods, this is a rare opportunity to acquire a low-maintenance, income-producing asset in a highly desirable location. (id:59491)

The full record.

How this listing prices against Centennial.

Centennial posted 4 sales and 5 active listings, making it one of the tighter neighbourhoods for supply in Cambridge this period. The average sale price was $662,250 and homes sold in just 11.75 days, much faster than the city average, although the average sale-to-list ratio was a softer 96.18%. That mix suggests buyers are acting quickly when homes are priced right, but still negotiating hard. Centennial is moving briskly without showing strong seller pricing power.

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