318 Dolph Street, Cambridge, ON
Property no longer active
This property was sold on April 21, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2 1/2 Storey multiplex located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,549,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 11 Bedrooms and 6 Bathrooms with 6 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 165 x 65 ft lot
- Features a finished, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 7.0 total parking spaces available
- Notable attributes: Separate Hydro Meter, Water Heater Owned, Water Meter
- Efficient forced air heating via gas
Description
Modernized sixplex building, 5x2 bedrooms and 1x1 bedroom, that is well maintained with great friendly tenants generating over 5.5% cap rate now and ability to increase the cap immediately through some efficiency tweaks. The cap could be increased by moving from private garbage pickup to city garbage pick-up, renting the locker in the building, and introducing 4-6 more parking spots. Hydro and Water is metered separately. The average rent per unit is 1,519$/month and the building is generating 85,000$ income after operating expenses. Four units went through recent renovations and the other two units are still in good shape. The building has modern gas heating that goes through ducted system, future owner can consider adding central AC through the system otherwise some tenants have window AC units right now. Windows have been changed. Electrical is 200 amps. The building is fully compliant with fire department requirements for fire safety and has security cameras. Recent upgrades are coin operated washer and dryer, exterior lighting, water softener and gas hot water heater, and new mailboxes. You can't ask for a better maintained building at this price. The building is located in friendly neighborhood with easy access to 401 and across the street from Grand View Public School, which is additional plus.
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Property Summary
This multiplex located at 318 Dolph Street, Cambridge is currently for sale and has been available on SousaSells for 527 days. This property is listed at $1,549,000 with an estimated mortgage of $5,156* per month. It has 11 beds, 6 bathrooms, and is 3000-3500 square feet. 318 Dolph Street, Cambridge
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 11 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in Cambridge.
- •11 spacious bedroom layout offering versatile living space
- •6 well-appointed bathrooms
- •3000-3500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Cambridge.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- School
- Public Transit
- School Bus Route
- Park
Interior Features
- Separate Hydro Meter
- Water Heater Owned
- Water Meter
- Water Softener
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 318 Dolph Street, Cambridge, ON
Q.What is the asking price for 318 Dolph Street, Cambridge, ON ?
The current listing price for 318 Dolph Street, Cambridge, ON in Cambridge is $1,549,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 11 bedrooms and 6 bathrooms across approximately 3000-3500 sqft.
Q.What property type and architectural style is 318 Dolph Street, Cambridge, ON ?
318 Dolph Street, Cambridge, ON is a Multiplex (2 1/2 Storey) featuring a Finished, Apartment basement.
Q.What key property features does 318 Dolph Street, Cambridge, ON offer?
Key property features include: School, Public Transit, School Bus Route, Park.
Q.What interior features are included in this home?
Interior highlights include: Separate Hydro Meter, Water Heater Owned, Water Meter, Water Softener.
Q.Is parking available at this property?
Yes, this property offers parking space for 7.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Pricing & Value Insights
Data-driven valuation for 318 Dolph Street S, Cambridge, ON N3H 2C2
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Cambridge, ON
For a property listed at $1,549,000 in Cambridge, the legal minimum down payment is $309,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $27,455 for this transaction. As this listing is in Cambridge (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $27,455.
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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.