Homes for sale - 243 WATER Street N, Cambridge, ON N1R3B9

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Dennis Mehravar

[email protected] +1(519) 498-1229

$ 1,500,000

Est. payment -/mo

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243 WATER Street N Cambridge, ON N1R3B9

1 Bed

1 Bath

2,084 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,084 sqft

Price per Sqft $719

Subdivision 30 - Elgin Park/Coronation

MLS® Listing ID 40643978

Style 2 Level

Bedrooms 1

Originating Board Cornerstone - Waterloo Region

Lot Size 5,314 Sqft

Acres 5314.32

Property Description

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:24570)

Location

Province ON

Rooms

Extra Room 1 Second level 12'7'' x 11'4'' Kitchen

Extra Room 2 Second level 12'7'' x 11'7'' Living room

Extra Room 3 Second level 8'6'' x 8'0'' 5pc Bathroom

Extra Room 4 Second level 10'1'' x 9'9'' Primary Bedroom

Interior

Heating Heat Pump

Cooling Ductless

Exterior

Garage No

Community Features School Bus

Waterfront No

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Architectural Style 2 Level

Others

Ownership Freehold

Listed by Royal LePage Wolle Realty

Dennis Mehravar

License Partner, Broker of Record

+1(519) 498-1229

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