23 GLEN Road

About this home.

23 Glen Road presents a rare opportunity to acquire a well-maintained 8-plex multifamily investment property comprised of highly sought-after 2-bedroom townhome units. This asset offers strong, stable income supported by long-term tenants and pride of ownership throughout. The property has been carefully maintained over the years, minimizing immediate capital expenditures while providing investors with confidence in long-term performance. An added bonus is the existing government-backed solar contract, creating an additional revenue stream and enhancing overall returns. On-site, a large maintenance building provides ample space for storage, equipment, and efficient property upkeep—an attractive feature for hands-on investors or property managers. Ideally located close to a wide range of amenities including shopping, transit, schools, and everyday conveniences, 23 Glen Road appeals to both tenants and investors alike. A turnkey investment opportunity combining stability, additional income potential, and long-term upside in a desirable rental market. (id:59491)

The full record.

How this listing prices against Elgin Park/Coronation.

Elgin Park/Coronation posted 9 sales and 24 active listings, making it one of Cambridge's steadier mid-market neighbourhoods this period. The average sale price was $660,000, below the city average, while homes sold in 21.33 days and at 97.95% of list, almost in line with citywide conditions. This area had meaningful movement in both freeholds and condos, which is not true everywhere in Cambridge right now. The split market gives buyers options across different property types without a major gap in pricing power.

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