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243 WATER Street N
Cambridge Ontario , N1R3B9 , Canada
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$1,500,000.00
MLS® 40650441
Investment
Lot Frontage: 33.0 Feet
Lot Depth: 159.0 Feet
No. of Parking Spaces: 4
Total Bedrooms: 4
Total Bathrooms: 4
Zoning: R5
Remarks:
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. (id:7526)

Property Features:
  • Access Type: Road access , Highway access
  • Amenities Nearby: Airport , Public Transit , Schools , Shopping
  • Community Features: School Bus
  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Sewer: Municipal sewage system
Building Features:
  • Basement Type: None
  • Building Type: Fourplex
  • Exterior Finish: Brick
  • Foundation Type: Block
  • Heating Type: Heat Pump

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

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