Size
-
Lot size
476.22 sqm
Street frontage
E
Possession
Flexible
Price per sqm
$4,292 - $5,000
Taxes
$3,750 (2024)
Parking Type
-
Style
2-Storey
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Description
Whether you're a house-hacker hunting for the perfect place to live in and grow your wealth or a pure investor looking for an amazing investment vehicle (6% CAP rate), this is truly a rare opportunity. This 4plex means that if you want to move in, you can pick the bachelor or a 2 bedroom or the 3 bedroom * Why this property stands out: Fully Renovated: Professionally redone from top to bottom, ensuring you attract high-quality tenants and minimize future maintenance costs. Nearly everything is NEW, meaning fewer headaches and more peace of mind * Immediate Rental Income: Three out of four units are currently vacant, giving you the flexibility to set market-rate rents right from the start. The third unit, the smaller 2-bedroom, is already rented at $1,900/month plus utilities (current market rate), proving the income potential * Total projected: cash flow of $1,122/mo, total 5 year equity of $600k, 10 year equity $975k, 15 year equity $1.4m * Versatile Layout: The suite configurations offer you diverse rental options. The composition includes one 3-bedroom, two 2-bedrooms, and one bachelor unit. Plus, there's parking for four vehicles at the rear of the property * (House is virtually staged.) The asphalt walkway to the south side of the house will be replaced in September * Amazing location! You've got the Grand River right in front of you with access to lots of walking trails including the famous Cambridge To Paris Rail-Trail, WALK to: Downtown 5 min, Cambridge Bus Terminal 6 min, groovy Gaslight District 8 min, U of Waterloo Cambridge 10 min, grocery store 12 min - so near to everything without being in the thick of it * By car you are 10 min to the 401, 30 min to Hamilton, and an hour to Toronto * No, this one will not be available for long! Grab the brass ring and begin to create generational wealth!
EXTRAS: Each unit pays for their own heat & hydro plus one hydro meter for the landlord to pay for the common area usage * House is virtually staged * Concrete walkway on the south side of the house will be replaced in November
EXTRAS: Each unit pays for their own heat & hydro plus one hydro meter for the landlord to pay for the common area usage * House is virtually staged * Concrete walkway on the south side of the house will be replaced in November
Broker: REAL ESTATE HOMEWARD
MLS®#: X9285397
Property details
Parking:
4
Parking type:
-
Property type:
Detached
Heating type:
Baseboard
Style:
2-Storey
MLS Size:
279-325 sqm
Lot front:
46.63 M
Lot depth:
10.36 M
Listed on:
Aug 31, 2024
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Rooms
Level | Name | Size | Features |
---|---|---|---|
Main | Br | 1.1 x 0.7 m | Laminate |
Main | 2nd Br | 1.0 x 1.1 m | Laminate, Closet |
Main | 3rd Br | 1.1 x 1.0 m | Laminate |
Main | Kitchen | 1.0 x 1.4 m | Laminate |
Main | Living | 0.6 x 1.2 m | Laminate |
Main | Br | 1.0 x 1.1 m | Laminate |
Main | 2nd Br | 0.7 x 0.9 m | W/I Closet |
Main | Laundry | 1.1 x 0.7 m | Laminate |
Main | Kitchen | 1.2 x 0.7 m | Laminate |
Main | Living | 1.7 x 1.2 m | Laminate, Closet |
Main | Br | 0.7 x 1.1 m | Laminate, Closet |
Main | 2nd Br | 0.9 x 1.1 m | Laminate |
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Instant estimate:
orto view instant estimate
$53,769
lower than listed pricei
High
$1,409,929
Mid
$1,341,231
Low
$1,276,521