





1504 Concession Road
, Cambridge
$310,000
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)
No extras listed.
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| Type | Detached |
| Style | Other |
| Approx. Age | 51-99 |
| Size | < 700 sq. ft. |
| Property Tax | $2,419 |
| Lot Size | 50.09 ft x 100.34 ft |
| mls© Number | X13518134 |
| Listed By | CITYSCAPE REAL ESTATE LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $1,587
- Property tax
- $202
- Heat allowance
- $150
- Housing costs
- $1,938 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$60,000
gross annual household income
- Payment at 4%
- $1,305 / mo
- Cash down
- $62,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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