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243 WATER Street N, Cambridge, Ontario

$1,500,000

1 Bed
1 Bath
2,084 Square Feet

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:23309)

Listing ID: 40643978
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Kitchen	Second level	12'7'' x 11'4''
Living room	Second level	12'7'' x 11'7''
5pc Bathroom	Second level	8'6'' x 8'0''
Primary Bedroom	Second level	10'1'' x 9'9''

Details

Architectural Style: 2 Level
Amenities Nearby: Airport, Public Transit, Schools, Shopping
Community Features: School Bus
Features: Balcony
Ownership: Freehold
Parking Spaces: 4
Transaction: For sale
Zoning Description: R5

Building

Appliances: Dishwasher, Microwave, Refrigerator, Stove, Water meter, Hood Fan
Architectural Style: 2 Level
BasementType: None
Bedrooms Main Level: 1
Construction Style Attachment: Attached
Cooling: Ductless
Exterior Finish: Brick
Fireplace Present: False
Bathrooms (Total): 1
Heating: Heat Pump
Size Interior: 2084 sqft
Stories Total: 2
Type: Apartment
Utility Water: Municipal water

Land

Access Type: Road access, Highway access
Amenities: Airport, Public Transit, Schools, Shopping
Sewer: Municipal sewage system
Size Frontage: 33 ft
Size Irregular: 0.122
Size Total: 0.122 ac|under 1/2 acre

Listing provided by Royal LePage Wolle Realty
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 243 WATER Street N in Cambridge Ontario. It was last modified on September 19th, 2024. Contact the Lifestyle Real Estate to schedule a viewing or to discover other Cambridge homes for sale.

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