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1504 CONCESSION ROAD, Cambridge — listed at $299,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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) (id:60164)
Does it have a basement, and is it finished?+
The listing describes the basement as: Crawl space. Confirm the finishing status during a showing — it affects both livable space and resale value.
How is the home heated? Is it efficient?+
Heating is other, other. Ask for past utility bills to understand real heating costs.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,419.49, heating is other, other. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 1 space — Other, No Garage.
Who is 1504 CONCESSION ROAD best suited for?+
With 0 bedrooms and 0 bathrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
Is this a good starter home?+
At $299,000, this is priced in starter-home territory for Cambridge. Factor in property taxes when calculating your true monthly cost.
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