124 Alison Avenue, Cambridge, ON

$744,900
MLS#:X11962096
5 beds
2 baths
1500-2000 sqft
5.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] duplex located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $744,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 55 x 150 ft lot
  • Features a ["finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient carport configuration
  • Notable attributes: Other
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Welcome to 124 Alison Ave, Cambridge, a fantastic opportunity for homeowners and investors alike! This updated bungalow offers 3 bedrooms and 1 bath on the upper level, plus a fully legal 2-bedroom(Currently Rented) , 1-bath basement unit, converted in 2023 and not subject to rent control. With the basement unit currently rented for $1,895/month, you can cover over half your mortgage and pays 40% of the GAS AND WATER. The property features a large backyard, parking for at least 5 cars, and a prime location close to major highways, shopping, and amenities. Whether you're looking for an investment property or a mortgage-helper home, this one checks all the boxes. Don't miss out, schedule your private showing today!

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Key Features

Bedrooms
5
Bathrooms
2
Kitchens
2
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 29, 2025
Sold price information is available to members only
Listed Date2/7/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDuplex
ConstructionBrick, Vinyl Siding
Lot Size55 × 150 Feet
CountyWaterloo
Annual Tax$3,482.64
Legal DescriptionLT 159 PL 1066 CAMBRIDGE; S/T 217505; CAMBRIDGE

Parking & Garage

Parking Spaces5.0
Garage Spaces4
Garage TypeCarport

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Community Features

Location

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124 Alison Avenue, Cambridge, ON

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 124 Alison Avenue, Cambridge, ON N1R 1N4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$595,920
Monthly Mortgage$3,463
Property Tax (Est.)$290
Utilities & Maint.$350
Total Monthly Cost$4,103

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Cambridge.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Cambridge.

Verified Local Data
City Population575,847
City Median Age38 Yrs
City Ownership65% Owners
Avg Area List Price$782,721

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Local Schools Guide

Elementary Schools

Elgin Street
Public685 Elgin Street North, Cambridge, Ontario, N1R 7W6
6.2
Avenue Road
Public40 Gail Street, Cambridge, Ontario, N1R 4M2
3.3
Christ The King
Public70 Acorn Way, Cambridge, Ontario, N1R 8M5
3.1
St Peter
Public92 Avenue Road, Cambridge, Ontario, N1R 1C1
5.6
Manchester
Public455 Dundas Street North, Galt, Cambridge, Ontario, N1R 5R5
4.7

Secondary Schools

Galt
Public200 Water Street North, Galt, Cambridge, Ontario, N1R 6V2
5.9
St. Benedict
Catholic50 Saginaw Parkway, Cambridge, Ontario, N1R 5W1
6.8

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.