243 WATER Street N Active Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N1R3B9
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,084 sqft
Price per Sqft $719
Subdivision 30 - Elgin Park/Coronation
MLS Listing ID 40643978
Style 2 Level
Bedrooms 1
Originating Board Cornerstone - Waterloo Region
Lot Size 5,314 Sqft
Acres 5314.32
Property 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. (id:24570)
Location
Province ON
Rooms
Extra Room 1 Second level 12'7'' x 11'4'' Kitchen
Extra Room 2 Second level 12'7'' x 11'7'' Living room
Extra Room 3 Second level 8'6'' x 8'0'' 5pc Bathroom
Extra Room 4 Second level 10'1'' x 9'9'' Primary Bedroom
Interior
Heating Heat Pump
Cooling Ductless
Exterior
Garage No
Community Features School Bus
Waterfront No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Architectural Style 2 Level
Others
Ownership Freehold