LOADING

243 Water Street N Cambridge, Ontario N1R 3B9

4 Bedroom 4 Bathroom 2084 sqft
Ductless Heat Pump

$1,500,000

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:56221)

Property Details

MLS® Number 40650441
Property Type Multi-family
Amenities Near By Airport, Public Transit, Schools, Shopping
Community Features School Bus
Parking Space Total 4

Building

Bathroom Total 4
Bedrooms Total 4
Basement Type None
Cooling Type Ductless
Exterior Finish Brick
Foundation Type Block
Heating Type Heat Pump
Stories Total 2
Size Interior 2084 Sqft
Type Fourplex
Utility Water Municipal Water

Land

Access Type Road Access, Highway Access
Acreage No
Land Amenities Airport, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 159 Ft
Size Frontage 33 Ft
Size Irregular 0.122
Size Total 0.122 Ac|under 1/2 Acre
Size Total Text 0.122 Ac|under 1/2 Acre
Zoning Description R5

https://www.realtor.ca/real-estate/27446188/243-water-street-n-cambridge

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Andrew Macallum
Salesperson

(519) 501-2506
(519) 747-2081

Royal LePage Wolle Realty
180 Northfield Drive W., Unit 7a
Waterloo, Ontario N2L 0C7

(519) 747-2040
(519) 747-2081
www.wollerealty.com/

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