
115 COURTNEY Street
Cambridge, Ontario
4 bed • 2 bath • Multi-family
Fully Renovated Duplex in Prime Hespeler Location! Situated in one of the most desirable neighbourhoods in Cambridge and just minutes to the highway for easy commuting, this turnkey property presents an exceptional opportunity for investors or multi-generational living. Featuring 2 bedrooms on the upper level and 2 bedrooms on the main floor, the layout offers flexibility and strong income potential. Vacant possession allows you to set market rents and maximize returns from day one. A shared basement provides convenient laundry and dedicated storage space for both units. This property has been extensively renovated from top to bottom. Major mechanical upgrades include a new furnace, central A/C, hot water tank, and all new duct work for improved efficiency and comfort. Electrical has been fully updated from 60-amp fuses to a 200-amp breaker panel, and all water lines have been replaced with 1.5-inch PEX plumbing to ensure excellent water pressure throughout the home. Interior improvements feature modern counter tops, appliances, fully updated bathrooms with professionally glazed tub, durable vinyl plank flooring, 40 pot lights for bright contemporary lighting, and all new drywall, and fresh paint. unit one has gas line for stove hook up. Exterior upgrades include parged foundation, new vinyl siding, and new exterior and storm doors, enhancing both curb appeal and durability. Move-in ready with nothing left to do — a rare opportunity to own a fully updated duplex in a sought-after Cambridge neighbourhood close to amenities, transit, and commuter routes. Seller willing to do a VTB.
Price History
Schools
Elementary
- Centennial (Cambridge) Public School0.6 km
Public · Waterloo Region DSB · 215 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 36% met the provincial standard
- Hespeler Public School1.2 km
Public · Waterloo Region DSB · 650 students
Grade 3 reading: 66% met the provincial standard · Grade 6 math: 45% met the provincial standard
- Our Lady of Fatima Catholic Elementary School1.3 km
Catholic · Waterloo CDSB · 375 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 53% met the provincial standard
Secondary
- Jacob Hespeler Secondary School1.2 km
Public · Waterloo Region DSB · 1070 students
Grade 10 literacy: 83% met the provincial standard
- St Benedict Catholic Secondary School4.2 km
Catholic · Waterloo CDSB · 1955 students
Grade 10 literacy: 90% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N3C
- Population
- 27,518
- Private dwellings
- 9,657
- Median age
- 38.8
- Average household size
- 2.9
- Median household income
- $114,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,253
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,253 recorded sales of multi-family properties in Cambridge over the last 12 months.
Location
Mortgage Calculator
$119,980
Estimated Monthly Payment
$2,947
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,947/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $150/mo
Estimates only. Consult a financial advisor.
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