243 Water Street N Active Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N1R 3B9
Key Details
Property Type Condo
Sub Type Condo/Apt Unit
Listing Status Active
Purchase Type For Sale
Square Footage 2,084 sqft
Price per Sqft $719
MLS Listing ID 40643978
Style Two Story
Bedrooms 1
Full Baths 1
Abv Grd Liv Area 2,084
Originating Board Waterloo Region
Lot Size 5,314 Sqft
Acres 0.122
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.
Location
Province ON
County Waterloo
Area 13 - Galt North
Zoning R5
Direction Follow ON-401 W to Townline Rd/Waterloo 33 in Puslinch. Take exit 286 from ON-401 W. Take Can-Amera Pkwy/Waterloo Regional Rd 80 to Waterloo Regional Rd 24 in Cambridge.
Rooms
Basement None,Unfinished
Kitchen 1
Interior
Interior Features Air Exchanger,Separate Heating Controls,Separate Hydro Meters,Water Meter
Heating Heat Pump
Cooling Ductless
Fireplace No
Appliance Water Heater,Dishwasher,Microwave,Range Hood,Refrigerator,Stove
Laundry In-Suite
Exterior
Waterfront No
Roof Type Asphalt Shing
Porch Open
Lot Frontage 33.19
Lot Depth 158.55
Garage No
Building
Lot Description Urban,Airport,City Lot,Highway Access,Public Transit,School Bus Route,Schools,Shopping Nearby
Faces Follow ON-401 W to Townline Rd/Waterloo 33 in Puslinch. Take exit 286 from ON-401 W. Take Can-Amera Pkwy/Waterloo Regional Rd 80 to Waterloo Regional Rd 24 in Cambridge.
Foundation Block,Concrete Perimeter
Sewer Sewer (Municipal)
Water Municipal-Metered
Architectural Style Two Story
New Construction No
Others
Senior Community No
Tax ID 038070012
Ownership Freehold/None