Cambridge, ON, N1R 3E1
Cambridge, ON, N1R 3E1Basics
- Date added: Added 2 weeks ago
- Category: Residential Income
- Type: Multi-4 Unit
- Status: Active
- Bedrooms: 7
- Bathrooms: 3
- Area: 3259 sq ft
- Year built: 1890
- County Or Parish: Waterloo
- MLS ID: 40675298
Description
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Description:
Whether you're a house-hacker hunting for the perfect place to live in and grow your wealth or a pure investor looking for an amazing investment vehicle (6% CAP rate), this is truly a rare opportunity. This legal triplex with a 4th bachelor unit cash flows even without the income of the 4th unit! Fully Renovated: Professionally redone top to bottom, ensuring you attract high-quality tenants & minimize future maintenance costs. Nearly everything is NEW, meaning fewer headaches, more peace of mind. Immediate Rental Income: 3 out of 4 units are currently vacant, giving you the flexibility to set market-rate rents right from the start. Unit 3, the smaller 2-bedrm, is already rented at $1,900/month + utilities (current market rate), proving the income potential. Total projected cash flow of $1,611/mo with financing with 20% down , total 5 yr equity of $600k, 10 yr equity $975k, 15 yr equity $1.4m * Versatile Layout: The suite configurations offer you diverse rental options. The composition includes one 3-bedroom, two 2-bedrooms, and one bachelor unit. Plus, there's parking for four vehicles at the rear of the property * (House is virtually staged.) Amazing location! You've got the Grand River right in front of you with access to lots of walking trails including the famous Cambridge To Paris Rail-Trail, WALK to: Downtown 5min, Cambridge Bus Terminal 6min, groovy Gaslight District 8min, U of W Cambridge 10min, grocery store12 min - so near to everything without being in the thick of it * By car you are 10min to the 401, 30min to Hamilton, and an hour to Toronto * No, this one will not be available for long! Grab the brass ring and begin to create generational wealth!
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Location
- Parking Total: 4
- Directions: North of Concession St on Water St South
- Direction Faces: West
Building Details
- Number Of Units Total: 4
- Building Area Total: 3259 sq ft
- Number Of Buildings: 0
- Parking Features: Other
- Security Features: Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s)
- Covered Spaces: 0
- Construction Materials: Brick, Vinyl Siding
- Garage Spaces: 0
- Roof: Asphalt Shing, Flat, Metal
Amenities & Features
- Water Source: Municipal
- Patio & Porch Features: Patio
- Appliances: Dryer, Refrigerator, Stove, Washer
- Sewer: Sewer (Municipal)
- Exterior Features: Balcony, Separate Hydro Meters
- Cooling: None
- Interior Features: Separate Hydro Meters
- Heating: Baseboard, Electric, Forced Air, Natural Gas
- Frontage Type: East
- Fencing: Full