15 BARRETT Avenue
Cambridge, Ontario
- 4 bed
- 2 bath
- Multi-family
This beautiful duplex is located in the heart of Cambridge and features two separate units...each with its own hydro meter, making it ideal for investors, multi-generational families, or buyers seeking flexible options. Owning a home of this nature, you have freedom to set your own rents, move into one unit while renting out the other, or fully lease the property for maximum income potential. This is an Investors dream, the City of Cambridge recently implemented a zoning overhaul allowing this property to accommodate up to a total of 4 units. Whether you're looking for a strong investment or a smart way to balance homeownership with income generation, this welcoming home delivers on every front. The second owner has lovingly maintained this smoke-free and pet-free home for the past 23 years. Both living areas...main level and upper level, are self-contained with separate entrances and has their own living-room, kitchen, bathroom and 2 bedrooms. The partially finished, full basement has laundry facilities and plenty of storage space. Additionally for energy savings, a Nest thermostat is provided. Situated on a premium wide lot on a quiet, low-traffic, no-through Avenue, the property also features a mature treed yard, sunny patio, private outdoor space (partially fenced-in), and a long paved driveway accommodating multiple vehicles. Conveniently located directly across from Cambridge Memorial Hospital and just minutes to downtown Cambridge, Highway 401, public transit, shopping, restaurants, schools, and parks. This property offers an exceptional combination of comfort, location, and everyday practicality. This is a unique opportunity to own Income potential property, that possesses a 57 ft frontage! DON'T MISS OUT VIEWING THIS HOME!
Price History
Schools
Elementary
- Blair Road Public School0.8 km
Public · Waterloo Region DSB · 405 students
Grade 3 reading: 77% met the provincial standard · Grade 6 math: 49% met the provincial standard
- Avenue Road Public School1.1 km
Public · Waterloo Region DSB · 495 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 34% met the provincial standard
- St Augustine Catholic Elementary School1.3 km
Catholic · Waterloo CDSB · 525 students
Grade 3 reading: 77% met the provincial standard · Grade 6 math: 53% met the provincial standard
Secondary
- Galt Collegiate and Vocational Institute1.4 km
Public · Waterloo Region DSB · 960 students
Grade 10 literacy: 83% met the provincial standard
- St Benedict Catholic Secondary School2.5 km
Catholic · Waterloo CDSB · 1955 students
Grade 10 literacy: 90% met the provincial standard
- Southwood Secondary School3.4 km
Public · Waterloo Region DSB · 700 students
Grade 10 literacy: 74% 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 N1R
- Population
- 42,928
- Private dwellings
- 18,081
- Median age
- 40.8
- Average household size
- 2.5
- Median household income
- $77,000
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
- $676,800
- Homes sold
- 1,233
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,233 recorded sales of multi-family properties in Cambridge over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$122,980
Estimated Monthly Payment
$3,021
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,021/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $154/mo
Estimates only. Consult a financial advisor.
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