243 WATER Street N

Cambridge, Ontario, N1R3B9, Canada

$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.

EXTRAS: Balcony

Virtual Tour: https://youriguide.com/243_water_st_n_cambridge_on/

Last updated on : Thursday 19th of September 2024 10:29:37 AM

ADDRESS

Street : 243 WATER Street N

City : Cambridge

Province : Ontario

Country : Canada

Postal Code : N1R3B9

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PROPERTY SUMMARY

Property ID : 40643978

Building Type : Apartment, Attached

Property Type : Single Family

Bedrooms : 1

Bathrooms : 1

Parking : 4

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