$1,500,000
 $8,052 est/mo Sourced by Back At You

243 Water Street N , Cambridge, ON N1R 3B9

Cambridge, ON N1R 3B9

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Description

FLOOR TO CEILING, WALL TO WALL - Don't miss this extensively renovated 4-unit rental - with potential to develop 2 additional units! Achieving a 5.6% cap rate - this property has been carefully renovated with an eye for design and energy efficiency. Each unit is separately metered for electricity. Natural gas connectivity exists, but no gas is flowing to the units/building, reducing utility bills for tenants. Landlord pays for water with tenant agreements to reimburse at a specified monthly amount - all controlled by an in-unit thermostat. Individual electric heat pumps provide forced-air heating and cooling to each unit - all controlled by in-unit thermostats. Together with new insulation, new plumbing/electrical and HVAC, this investment property will be low to no maintenance for years to come! Two additional basement units are ready for the next phase of development - or perhaps used as storage for additional income. Newly paved driveway provides ample parking for tenant vehicles. Located steps to public transit and quick access to Downtown Galt and Highways 24 & 401. Units are generally all the same or mirrored floor plans. All measurements as per i-Guide.

Details

MLS#40650441
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site18
Listing Provided ByRoyal LePage Wolle Realty | Andrew Macallum

Features

Bed(s)4
Bath(s)4
SQ Feet2,084
Story(s)2
Units4
ZoningR5
Acreage0.12
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 6 minutes ago
ProvinceON
CountyWaterloo
CityCambridge
Postal CodeN1R 3B9
Area13 Galt North
Subarea30 Elgin Park | Coronation
Community Name30 Elgin Park/Coronation
Listing VS Median (in 30 Elgin Park/Coronation)
Price:
$1,500,000
low | high
Med:
$599,900
100% of Average
SqFt:
2,084
low | high
Med:
1,321
86.612284069098% of Average
$ / SqFt:
$720
low | high
Med:
$473
84.302734990103% of Average
On Site:
18
low | high
Med:
41.500000
43.373493975904% of Average
Sourced by Back At You
Listing Updated: September 20, 2024 at 9:43:47 AM PDT