$695,000 - 9 Ramore Street, Cambridge
Multi-Family for Sale in Cambridge
67 days on market- MLS Number
- X12523688
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 67
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Investors Dream! Stunning triplex at 9 Ramore Street is beautifully maintained and nestled in the heart of Cambridge! This charming, triplex at 9 Ramore St. offers a perfect blend of comfort, convenience, and potential for rental income. Whether you're an investor or a homeowner looking to have 10 to help pay your mortgage, this property is a must see. This versatile property offers a fantastic opportunity for investors, multigenerational, families, or those seeking to live in one unit and rent out the other. This property feature access to all amenities and steps to downtown Cambridge. Ample parking space with driveway, access this property features, 4+2 bedrooms 3 bathrooms and a finished basement . Enjoy a beautiful backyard, ideal for entertaining, relaxation.This remarkable investment opportunity doesn't come often within the main neighbourhood of Cambridge this Triplex offers an ideal chance for investors looking to dive into the price-prosperous real estate with fully occupied units and kept clean units. Expensive living space and private laundry facilities, and this property promises a lucrative investment for savvy individuals looking for reliable income returns. a look of investment for saving individual,seeking reliable rental returns.
Estimate your monthly payments for this property
Estimated Payment
$3,565.71/mo
Includes CMHC insurance ($19,391)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Cambridge
Cambridge is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Cambridge
- •Convenient location in Cambridge
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Cambridge offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
9 Ramore Street, Cambridge
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $348/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 67 days on site, this property has exceeded the typical selling timeline for Cambridge. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Cambridge.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Cambridge properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,896 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.