Cambridge, ON, N1R 3E1
Cambridge, ON, N1R 3E1Basics
- Date added: Added 3 weeks ago
- Category: Residential
- Type: Single Family Residence
- Status: Active
- Bedrooms: 7
- Bathrooms: 4
- Area: 3259 sq ft
- Year built: 1890
- Bathrooms Half: 0
- Rooms Total: 21
- County Or Parish: Waterloo
- Bathrooms Full: 4
- MLS ID: 40639994
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 4plex means that if you want to move in, you can pick the bachelor or a 2 bedroom or the 3 bedroom * Why this property stands out: Fully Renovated: Professionally redone from top to bottom, ensuring you attract high-quality tenants and minimize future maintenance costs. Nearly everything is NEW, meaning fewer headaches and more peace of mind * Immediate Rental Income: Three out of four units are currently vacant, giving you the flexibility to set market-rate rents right from the start. The third unit, the smaller 2-bedroom, is already rented at $1,900/month plus utilities (current market rate), proving the income potential * Total projected: cash flow of $1,122/mo, total 5 year equity of $600k, 10 year equity $975k, 15 year 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 * Each unit pays for their own heat & hydro plus one hydro meter for the landlord to pay for the common area usage * House is virtually staged * The asphalt walkway to the south side of the house will be replaced in September * 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 5 min, Cambridge Bus Terminal 6 min, groovy Gaslight District 8 min, U of Waterloo Cambridge 10 min, grocery store 12 min - so near to everything without being in the thick of it * By car you are 10 min to the 401, 30 min 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: 0
- Building Area Total: 3259 sq ft
- Number Of Buildings: 0
- Parking Features: Other
- Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
- Covered Spaces: 0
- Construction Materials: Vinyl Siding
- Garage Spaces: 0
- Roof: Asphalt Shing, Flat
Amenities & Features
- Water Source: Municipal-Metered
- Patio & Porch Features: Patio
- Architectural Style: Two Story
- Appliances: Water Heater Owned, Dryer, Refrigerator, Stove
- Sewer: Sewer (Municipal)
- Exterior Features: Balcony, Separate Hydro Meters
- Waterfront Features: River/Stream
- Cooling: None
- Interior Features: Separate Hydro Meters, Water Meter
- Heating: Baseboard, Electric, Forced Air, Natural Gas
- Frontage Type: East
- Fencing: Full